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Trading Strategies, Psychology
Inner Circle Video: 4 ways to potentially increase your average profit in winning trades
Here if the recording of this week's Inner Circle session to review if you managed to attend or see for the first time if you were not able to make the session live. The principles covered are applicable across all trading vehicles. (click on the icon in the corner for full screen) https://vimeo.com/383786094 ...
January 9, 2020Read More >3 potential reasons why forward testing a new strategy is beneficial when amending trading plan
Warning: Turn your sensitivity meter down a little. This is a no sugar-coating, tell-it-how-it-is article (but rest assured it comes from a nurturing place). All over the globe, trading gurus attempt to sell their wares (software, the ‘holy grail’ of trade set ups etc) using retrospective charting examples. Such powerful visual “evidence�...
December 27, 2019Read More >Trend retracement or reversal? – Can volume be a useful “clue”?
Trading Volume: General principles Many experienced traders (even those using a simple system will incorporate volume as part of their entry (common) and/or exit (less common) system. It is essential (as with any indicator) that you understand the role volume can and cannot play with suggestions of what is happening to marke...
December 26, 2019Read More >Trading plan specifics – Articulating your trail stop strategy in your plan
We have discussed many times the importance of unambiguous, and sufficiently specific statements within your trading plan in previous articles and at the weekly “Inner Circle” webinars (for more information see the Inner Circle in the navigation bar). The benefits of this are twofold: 1. Assist in developing consistency in executi...
December 23, 2019Read More >Video: Inner Circle Recording – Trading Plan for 2020
Your trading plan is arguably THE most important system to have in place and having a complete and evidence-based plan may for many be a key goal to aim for in your 2020 trading journey. It should serve you in guiding your every trading action, for every vehicle, in entry, intra-trade management and exit. We want to help you achieve this aim. ...
December 18, 2019Read More >Video: Matching trading strategy to an economic outlook
At the recent GO Markets Daryl Guppy seminar, we had a presentation from Daryl that covered both an insightful economic outlook as well as some of his technical trading approaches. During the seminar, a question was asked about how to match the two. i.e. if you have an economic idea how can you integrate this into your trading style. ...
December 6, 2019Read More >US share or option trader: Managing currency risk?
Many traders utilise shares or options amongst their investment strategies either for income or capital growth. One key factor that such traders may consider in their choice of specific markets to trade is liquidity, with a higher trading volume impacting positively on the ability to get in and out of trades at a fair price. Other...
November 26, 2019Read More >The Stochastic as an Alternative to RSI (Relative Strength Index) for Trading Decision Making
Ideally, as traders, our aim is often to identify potential entries at the start of a new trend (so “first in the queue”) and exit at the end of that trend. Of course, we often will identify a price move where a trend may already be established and are therefore faced with the decision as to “join in” mid-trend (we hope) with ...
November 19, 2019Read More >10 Ways to Manage Your Trading Psychology – a Blueprint for Development
Experts suggest that 80% of your trading outcomes can be attributed to your behavioural and psychological interactions with the market. It is your mindset that determines how well you comply with good trading, even if you are sufficiently disciplined to adhere to a written trading plan, have the motivation to even write such a plan in the fi...
November 13, 2019Read More >The MACD – Useful indicator or just another pretty picture?
The MACD (or the ‘Moving Average Convergence/Divergence oscillator’ to give its full name) is one of the popular extra pieces of information we often see added to charts. The purpose of this article is to clarify what it may be telling you about market sentiment and offer a description as to how traders commonly apply this in their de...
November 3, 2019Read More >Quick Trading Tip #1 – Developing patience in your trading
When we first start to trade, or subsequently (as a more experienced trader) when we trade a new symbol or system we are often “excited” as we see a “hope” for better results. We often forget that the development of expertise in other areas we have in life (think about what you do in work now for example), you must invest time, effor...
October 23, 2019Read More >Getting started with your trading journal – Free Download
Those of you who have attended any of our LIVE Inner Circle education sessions, or participated in our courses, will know that a regular theme covered is the importance and benefits of measuring your trading. One of the key tools we often discuss is the use of a trading journal. For those of you less familiar with this as a concept, a ...
September 20, 2019Read More >Making trading choices – A trading journal?
We frequently refer both in the articles we publish and the weekly “Inner Circle” sessions we present, to the benefits of a trading journal. However, the reality is that many traders make the choice not to measure trading despite the logical benefits of doing so. Whether you do or don’t currently, the bottom-line decision you are...
August 30, 2019Read More >Avoid the FOUR traps following a major trading capital drawdown
There are few long-term successful traders that at some stage have not suffered a major capital drawdown on their account at some stage. For whatever the reason the major factor as to whether you continue and get back to “winning ways” or continue to see further drawdowns is what you do next. Unfortunately, there are “traps” that...
August 27, 2019Read More >8 attributes of trading as a business rather than as a hobby – A checklist
Many traders recognise the positive nature of the theoretical philosophy of treating your trading as you would a business, and yet the majority are unsure about what this may mean in practical terms and fail to move beyond the “hobby trader” in their trading activity. Recognising the potential wisdom of a “trading business approa...
August 19, 2019Read More >