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Trading Luck?

13. January 2013

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Trading Luck?

This is an interesting doco on the concept of luck. It seems odd to suggest luck has anything to do with trading, but the two best traders I know have both independently said luck plays a big role. That said, it depends how we look at luck and consider how it can be created. At [...]

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What Is The Market Trying To Do?

27. November 2012

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What Is The Market Trying To Do?

Here is an email from and response to one of our trainee traders: Hi Mr Bower, I am trying to experiment with how to better tackle trending & choppy markets, and some fading strategies. I’m also trying to trade the more volatile ES. Trying to step out of my comfort zone. Apparently, the usual scalping [...]

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Trading The Obvious

24. September 2012

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Trading The Obvious

In a recent update we looked at a spread trade in Corn, citing the upside move was overdone and the spread had the potential to narrow dramatically. See here. Over the last few weeks, the spread has done exactly that. This illustrates a very interesting point – unexplainable or extreme moves are often followed by [...]

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How to be Successful

20. March 2012

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How to be Successful

I just saw a link to this from the SMB site. I saw this guy play in 1988 with Diamond Dave. Awesome stuff. Lots of parallels with trading.        

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What are the trading rules you live by?

14. November 2011

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What are the trading rules you live by?

Here is the answer to the question from Paul Tudor Jones in Market Wizards. Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front [...]

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A Most Excellent Reading List!

20. January 2011

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A Most Excellent Reading List!

Here is a short list of excellent books for new and intermediate level traders.

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Of Motorbikes and Futures Trades…

5. January 2011

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Of Motorbikes and Futures Trades…

Interesting story... While putting together some training material for a course on trading, I started thinking back to my time racing motorcycles and how there are so many similarities with trading. Here are my thoughts...

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The Doctor Will See You Now…

9. November 2010

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The Doctor Will See You Now…

Behavioural finance is a relatively new field of expertise which is starting to impact on the broader financial industry. There are a number of useful messages and findings for which behavioural finance can claim the credit. This article explains...

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