Sunday, April 23, 2017

What you can learn from Seve Ballesteros

Ballesteros on the 12th tee, Augusta 1980

In 1980 Severiano Ballesteros won his first US Masters by 4 shots. At one point in the final round he was a mammoth 10 strokes clear of the field. If some people thought his win in the Open Championship the previous year was a fluke, this announced his arrival as a world star.

In his book Natural Golf, Ballesteros talked about the aftermath of that success and how it actually had a detrimental effect on his game for a time:

Thursday, March 23, 2017

Back to cash

Price action earlier in the week meant the trailing stop in my last position was hit, taking me completely out of the market.

Over the preceding weeks there was a dearth of setups which met my own criteria - and the few that did simply didn't trigger an entry.

As always, I have NO idea what is going to happen, both in the market averages in general, as well as the individual stocks I am looking at.

All I can do at this stage is continue to look for potential opportunities in accordance with my own criteria, maintain my watchlists, and wait to see if any entries are triggered.

Saturday, March 18, 2017

Trading my own beliefs

I have a set of beliefs particular to myself, and my preferred style of trading. 

My beliefs about how to make money in the markets may be different to yours, or I may operate on a different timeframe to you, with different entry and exit parameters, and that is fine. That's what helps create a market of buyers and sellers.

For example, when I am trading, what is it I am buying and selling? My beliefs are that:

Saturday, February 25, 2017

The case for simplicity and the dangers of trying to improve

"Everything should be made as simple as possible, but not simpler."

The above quote is attributed to Albert Einstein, and it is something I try to adhere to with my own trading. That said, there is a balancing act between keeping things as simple as possible, against striving for improvement which may mean adding complexity to what you are doing.