A quick heads up for you: Brain Hacks For Traders — my book about “head stuff”, and what really separates the winners from the losers in trading — is now available as an audiobook. You can get it here at the Google Play store, and here at Kobo.
If you’re not familiar with the book, here’s a quick reminder of just some of what’s inside:
- How to make your trading stress-free by subverting your fear-engine.
- Ingenious brain hacks to boost your performance and profit by commandeering your inbuilt cognitive biases and heuristics.
- How to harness the awesome power of addiction and have it improve every single trade you take.
- A simple but smart tactic that will trick your mind into revealing what’s really on a chart.
- What a racing driver’s pants can teach us about human fallibility, and how that same weakness can become our saviour.
- How to slay the monsters that haunt every trader, and build an impenetrable shield against self-doubt.
- The one document every trader needs to improve their entry selection exponentially.
- What cheat-heuristics are, why they’re good for you, and how to use them ethically.
- How trading less can mean you make more money.
- Five different ways to beat the boredom and keep yourself focussed. You can’t profit from a trade you missed, so make sure you don’t miss any.
I’m very proud of this book, and I’ve had some lovely emails from readers who’ve told me that it’s not just helped them in their trading, but in other areas of their life, too.
Here’s what one reviewer had to say about just one of the brain hacks in the book:
’One of the most valuable skills I learned was the “Golden Ticket”. I’ll carry that with me the rest of my trading journey, as it has proven to make me profitable with SOOO MUCH less stress.’
Brain Hacks For Traders is available from all good bookstores in regular old print and ebook formats as well as the new audiobook version.
Brain Hacks For Traders — Audiobook — Google Play Store
Brain Hacks For Traders — Audiobook — Kobo
I know, I know…it’s been an age since I posted here. The world has been a very strange place for the last year. The fact is I still have some issues with posting trades when so many people are suffering from this horrible virus — be that directly (medically) or indirectly through the social and economic effects. As someone in the privileged position of having already worked from home for decades, as someone who has not been put out of work because of the pandemic, it feels wrong to show money being made in comfort.
Continue reading “Where’s The Money Coming From?”
It’s been ages since the last post, for obvious reasons. Not much has changed since then. The world is still, by and large, in lockdown. I’m still taking time out from anything work-like to get on with home-schooling our youngest. And the markets are still profitable. Crazy profitable.
Continue reading “Crazy (Profitable) Times”
Gosh, where to start? Regular followers of the blog will have noticed a lack of posts. The reasons are probably obvious, but for the benefit of anyone reading this in the far flung future (if anyone is still around then), this is the time the world is gripped by a global pandemic. Some people are taking Coronavirus / COVID-19 / SARS-CoV-2 more seriously than others. Everyone is going to have to take it seriously when it hits close to them, and it will…
Continue reading “Trading Update / COVID-19”
I’ve banged on before about the importance of having a good list of core stocks to watch. A well-selected daily watchlist makes the actual trading part of day trading much simpler. It’s easier to profit from good setups than bad ones. Having good core stocks to back up the watch list makes the job easier still, it takes some of the pressure off building the list.
Good core stocks are those that move predictably and with regularity. We don’t need many — half a dozen at the most. With a solid selection there should rarely, if ever, be a trading day with no decent setups to take.
This week a new stock graduated to my core list. Here’s it’s chart for Tuesday:
Continue reading “Graduation Ceremony”
I’ve been visiting a friend in France. We try to catch up every year, though usually in the summer when it’s not so bracing. My friend isn’t French, she moved to the country a few years ago. She was part of the so-called ‘Brexodus’ — folks who were getting out of the UK before the barriers come down and moving around Europe becomes a whole lot more complicated.
Each time I come here to visit, I’m struck by the progress my friend has made with her French language skills. She assures me she never studied it at school, and I have no reason to doubt that. I remember on my first visit she was struggling. Yesterday though, as we strolled down the high street bumping into various people she had come to know, I was struck by how she has become fluent, able to chat with these friendly natives about…well actually I’m not sure what she was chatting about because I understood nothing! The point is, she has achieved the holy grail of language learning — fluency. And it made me think about how actually, fluency is something we strive for not just in language, but in almost anything we do.
Continue reading “In Search of Fluency in Day Trading”
Crikey, it’s 2020 already. The past twelve months have shot by at a terrifying rate. No matter though, because I love this time of the year. Not because it’s about setting New Year’s resolutions, I don’t believe in those. I think that if something is worth changing in your life, it’s worth changing the straightaway. Why wait until the beginning of a year to make an improvement?
Continue reading “Happy 2020”
I wrote recently about the microbubble created around stocks like KRTX, and how irregular traders and would-be traders were being pulled into the market by the apparent ease with which money can be made. I speculated that a lot of money would be lost by those with little experience. This led to some questions from readers of this blog asking about what rules I would use to trade explosive stocks like KRTX.
Continue reading “When Rules Are Not Rules”
This week has been pretty manic, thanks mainly (but not exclusively) to the pharma stocks. The likes of MYOV, CRSP, and of course supernova KRTX, have seen wild swings. Price increases and decreases in the hundreds of percent have made for some spectacular opportunities. Making $17,875 profit on one stock is unusual to say the least. And yet it’s also not. Because whilst the profit figure is undeniably on the high side, the way that profit was earned was completely standard.
Continue reading “Funny Old Week”
I’ve not been trading much over the last week. Not by choice, just other things getting in the way. I’ve glanced at the markets in the evenings and it doesn’t look like I’ve been missing an awful lot. That is until I looked at what happened Monday…
Continue reading “Missed Opportunities”