My historical win rate is about 30%, so with the majority of my trades generating losses, I have learnt to accept losing money along the way...

A while back I received an urgent message from one of the traders in my mentoring group. He managed to get himself into a trade where a tre...

The recent passing of Donald Rumsfeld caused me to reflect again on his (in)famous "known knowns, known unknowns and unknown unknowns...

Just before Christmas I received the following from Stefan, an aspiring trend follower based in Germany:

In the last couple of weeks we have seen an ever-increasing level of volatility within the context of a sharp drop in price in the major mar...

The stoic philosopher Epictetus once said that  “We have two ears and one mouth so that we can listen twice as much as we speak.” In t...

"If you take emotion - would be, could be, should be - out of it, and look at what is, and quantify it, I think you have a big advan...

Often you see people talking about a winning trade, and how far in percentage terms price moved in their favour after entry. But on its own,...

When a trader starts adopting a trend following approach, there can be a steep learning curve in terms in truly understanding the ups and do...

"We have a saying here: "It is incredible how rich you can get by not being perfect." We are not looking for the optimum m ...

A lot of the people who were profitable in 2008 became unstuck the following year. They seemed to get in their head that, once the markets s...

If you subscribe to the Mark Douglas theory that in the markets anything can happen, at any time, then you will know and accept the potentia...

A couple of weekends back, while on the train to London, I posted this up on Twitter: The traders I was going to meet were Craig and...

“I don't risk significant money in front of key reports, since that is gambling, not trading." - Paul Tudor Jones When you are...

The ad that started a legend. An often overlooked aspect of the Turtle Traders experiment was not simply what they got told, but the o...

Below I have shown a chart of the Dow which highlights the split personality of the markets in recent times. Up until the end of January, ...

In my own trading, I use fixed fractional position sizing - that is, while the monetary value of risk per trade varies as my equity goes up...

I would be considered by many to be a loser at trading. This is on the basis that I have far more losing trades than winners. And, if that m...

Back in the summer of 2013, I wrote this post about an aspiring trader called Tom (not his real name) who I first met in early 2012, and ga...

Yesterday I was asked an interesting question by an aspiring trader based in India who I have corresponded with for several months. ...