Blog

Forget the scoreboard

You are not your score board. As traders our scoreboard is the balance and equity are our scoreboard, and it doesn’t lie. It’s either going up, down or staying the same. While profit and losses are a great measure of profitability. They are a terrible measure of progress or lack thereof. If you measure your …

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The discipline meath

Discipline is one of the most important skills one needs on their journey to being a successful trader in the long run. However, to maintain success and peak performance discipline fades away. Discipline is important in the beginning because it’s where we’re transitioning from one state to the other. Meaning in the beginning we’re faced …

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The Hidden Profits

As traders we tend to easily remember all the giant profits trades, everytime our stop was hit and the market turned and ran in our favour without us. We rarely ever remember or talk about the times our stop was hit and the market fell some more. Trading and investing is really a game of …

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The R-multiple

The most important thing in a bet is it’s R-multiple over a series of similar bets. Your R-multiple determines your margin of error. Margin of error is an amount of errors you can afford, a better way of putting it. It’s the number of losing bets you can afford to take on a series of …

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The cricket analogy

Trading is one of those industries with tons of sporting analogies. Perhaps it’s because elite trading is a lot like playing sports at an elite level. One of my favourite analogies I resonate with a lot, is the cricket analogy. Trading is like batting in Cricket test match. The game goes on for a while, …

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Risk Management

Risk If we start from the premise that risk is the difference between expectation and reality. A trade’s risk depends on your expectations for the trade. If you expect to make money on the trade. Your risk is that you don’t. I don’t know of many people that take a trade for the purposes of …

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Understanding your edge

Understanding your edge It’s no secret that in order to be sustainably and consistently profitable. You need a mathematical edge in the market. At the core of your edge 1 important rule should never be broken. If it is, it essentially means you don’t have an edge.  The sum total of your winning trades, needs …

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Trading with a 9-5

It’s difficult to trade and have a 9-5 at the same time. However, it can be done. Robust trading systems and setups can within reason work across all time frames. Some though they work well across all time frames. They turn to work even better on the longer time frames than in shorter ones. Some …

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