Archive for February, 2011
![10 Trading Rules I picked up from Nick McDonald]()
A few years back, I went to the Trading Symposium where Nick McDonald was given a presentation. Nick has been featured in many trading journals and founded Trading with Precision. Nick's a self made trader and as he was given his presentation, I was busy scribbling down notes.
Well, I've found those notes again, they are starting to look a bit tatty so I thought it's best to put them up somewhere and there's no other place better than the blog here, so here they are:
Ok, so here are 10 r
February 12, 2011
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![New Turtle Traders assessment day]()
If you've a passing interested in the markets, I'm sure you've heard about Richard Dennis and the Turtle Traders in the 1980s. In a nutshell, he wanted to to prove that trading can be taught so he picked a couple of apprentices and trained them. Richard Dennis proved to be correct, it is possible to teach trading and be successful at it.
Well, Mike Baghdady from Training Traders wanted to repeat this feat and in November he set up www.newturtletraders.com with a view to repeating the task
February 9, 2011
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![Trusting your Trading System]()
Today was a disastrous day for one of my trading systems. Let me describe below how I usually trade the system. The horizontal lines are my buy and sell lines, if the market goes above the top line, I buy and if the market goes below the bottom line I sell. The stoploss in either case is 20 pips and the limit order or potential profit is 40 pips.
However, you can see today that the market was rather choppy and the short was initiated first but it never hit the limit before it shot up, hit
February 9, 2011
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