Category Archives for Penny for my Thoughts

Are You Ready To Become A Super Trader?

 

 Have You Ever Wondered How Long It Takes To Become Consistently Profitable?

 

My goal as a trader is consistent profitability.  Anyone can put on the odd winning trade on even a small string of winning trades but to be consistent is another story.

 

I am constantly working on and improving my methods and strategies so that I can make great returns monthly, quarterly and yearly regardless of market conditions.

In today’s video I talk about Trading as a profession and what it takes to be successful.  I comment on how and why less than 10% of us actually make it in the trading world. Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

How To Master The Art Of Risk vs Reward – R-Multiples Uncovered

 

The Backbone of Performance Measurement

 

I wanted to write this brief but extremely important article about the way I measure trading performance.  Whenever you hear people talking about individual trades they’ve made or lost money on, they very often refer to the percentage gain or loss.

Not me.  I will always record each winning or losing trade in terms of an R-Multiple.  I talk about yearly returns as a percentage of my trading capital but not individual trades.

 

What Is An R-Multiple?

This is not something I created.  It’s a method I learnt from Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

How To Go Broke Taking 3:1 Reward to Risk Ratio Trades

Uncovering Common Myths

When I first started to learn about trading the markets I read loads of books.  I still do,  I love to learn.  Something that you can’t help to come across is the old recommendation of the 2:1 or 3:1 reward to risk ratio trades.  This subject came to my attention the other day when talking with a group of traders and inspired me to write this article.

When researching the subject of reward to risk whether in trading books or on websites you will be overwhelmed with quotes like this:

The golden rule of risk:reward is that from each trade your reward should be at least 3x your risk meaning the risk reward ratio should be at least 1:3.

Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

How To Lose Money Buying A Great Stock

The other day I headed into London to meet up with a bunch of traders.  I was there to learn.  But I wasn’t there to learn about what Stock to buy or get any other buy or sell tips.  I was there to engage with these guys and learn about their current and past trading experiences.

Learning about what works and maybe more importantly; what doesn’t work from this group increases my knowledge and allows me to become a better trader.  But not only can my own trading benefit directly, it also enables me to pass on my knowledge in the pursuit to help other traders become more profitable too.

So in this video I have addressed a common problem I see people facing time and time again.  If you are having similar problems then hopefully this video could get you back on track.

 

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

Gambling: YES or NO?

Is Financial Trading Like A Night In Vegas?

 

In my opinion.  NO WAY!

I treat trading the markets as a business.  Always have done.

Although I must admit, when I very first started to dabble I did buy shares in a few companies based on magazine articles and tips.  Some worked out, some didn’t.  But I always had a money management strategy in place.  And certainly learnt since then that tips in magazines are no way to a consistently profitable approach to trading.

 

What Is Gambling?

 

Each of us will have our own ideas and definitions of what gambling is.  So i’m not going to quote the dictionary or wikipedia definition.  I’m going to refer you to my idea of what gambling is.

I see gambling purely as a means of entertainment only.  Sure, you can get a lucky break and win considerably on the occasion but that’s all it is; the occasion.  Go back to that roulette wheel time and time again and you will be extracted of your cash!

Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

The 4 Essentials That Make Up A Succesful Trading Room

 

Discovering The Technology And Data Feed Hidden Behind My Office Door

 

sofa

 

An Insight Into My Trading Room

In this post I want to show you the ins and outs of my trading business.  People are often curious about what I require to be able trade tens of thousands of different markets worldwide.  When you say you trade the financial markets whether it’s stocks, commodities, foreign exchange, bitcoin or anything else people automatically get the impression you’re sat behind a desk in the city watching a handful of screens filled with flashing lights and ever-changing numbers.  It all sounds very professional and perhaps glamorous to some.

The truth is though, that desk in the city with all those screens, and my own office, are as different as night and day

Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

The 5 Simple Reasons I Use Spread Betting To Trade The Markets

 

People often look back at me blankly when I tell them I use Spread Betting to trade the financial markets

 

In this article I am going to give you an introduction into what this Spread Betting is all about but more importantly I want to give the top 5 reasons use and profit form it. Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.

How I Got Paid To Travel

Trading All Over The World

Air Boat Fun! Everglades, Florida

Air Boat Fun! Everglades, Florida

Back in the spring time 2013 I took off on an epic journey across the United States of America.  England was cold.  It was February and I’d seen the worst of the winter but but craved a bit of warmth.  So I decided to run to the sun.

Florida, to be specific.  Great temperatures all year round and just a 9 hour flight flight away (just? that’s more than enough for me!!)

So I packed up my stuff leaving scarves and gloves behind and headed to the airport.  I was travelling light.  However, as light as it was, I did have something with me Continue reading

Are you struggling to make consistent profits in today's markets? As a thank you for reading this post I would like to offer you my complete downloadable guide to a very successful system I personally trade and profit from. Just click the download button below to discover how the professionals consistently take money from the markets.