Over the past 20+ years, I've only mentioned a few money management rules.
But then I thought about it, and realised there are so many more I use when I trade.
So with this TradingView platform, I’m going to share my 14 most essential risk management rules I’ve ever come across.
RULE #1: The 2% Rule – Limit Your Risk
You might have seen this risk rule...
Trading is the most simple and hardest career you can have.
There are simple tasks to take but difficult to mentally handle.
Success requires discipline, strategy, and often, a good amount of experience.
However, there are many reasons why people may struggle to achieve profitability in their trading endeavours.
Here are some common pitfalls that might be the...
About sums up the JSE right now...
📉📈 The JSE ALSI 40: Where Sideways Meets Rollercoaster! 🎢🐂🐻
Hey there, fellow traders and market enthusiasts! 📊💰
Have you been following the JSE ALSI 40's wild dance since December 2022?
It's like watching a cat chasing its tail, but with more financial suspense! 😅🐱
Picture this: The ALSI 40 chart looks like a DJ's...
It’s a big debate that runs the financial market.
Is trading gambling?
Well I’m going to try put it to bed in just a few sentences.
There are two types of gambling.
Gambling by chance and total randomness like slot machines, lotteries, Bingo, Wheel of Fortune and flipping coins.
And strategic gambling which allows you elements of control of coming out with a...
It’s time we cut through the BS and noise and shed some light on the TRUE and REAL world of financial trading.
I can’t believe the misconceptions and false ideas of trading are still making appearances.
It’s time to educate yourself before you eradicate your account.
So let’s debunk some common and dangerous trading myths.
Myth 1: It’s a Get-Rich-Quick Scheme...
Why jobs added or lost won’t have a big effect on the tech stock markets in the future
Every month, I get asked about NFP (Non-Farm Payrolls).
This is a barometer that comes out on the 1stFriday of every month.
It tells us one thing.
Whether the number of jobs were added or lost in the US economy for the previous month (excluding farming jobs).
Well let’s...
If you have already taken the leap and started trading – You may skip this article and enjoy your day 😊
Beginner traders, I’m writing this for you!
Financial trading has never been more accessible, cheaper and innovative than ever before.
What you have available today, I once had to pay up to $10,000 a year. And some charting platforms cost up to $25,000 a...
When you’re a mechanical trader.
And when you think you got trading in a bag.
You still need to be logical and rational when trading the markets.
There are exceptions.
And you need to consider these exceptions which could have a profound effect on the financial markets.
It’s these unforeseen circumstances, that you need to take the stand.
You might need to...
To build your portfolio.
You need to learn to manage your risk.
And over the last 16+ years, I’ve given you maybe five ideas on how to do it.
Well, today I have 16 of the most essential Risk Management rules I could come up with in just one seating.
They might not all apply to you.
But most of them I believe will definitely resonate with you, your portfolio...
Let's get straight into the three cronies of trading disaster when taking and holding a position.
Fake-out: (When the price makes a false breakout of a chart pattern)
A fake-out occurs when the price of a market appears to break out of a certain chart pattern.
This could be a trendline, support, or resistance level.
But then quickly reverses and retreats...
In the fast-paced world of financial trading, time is often the difference between success and failure.
One effective strategy that I’ve found incredibly beneficial is the 3 Seconds Rule.
This rule, adaptable to virtually any life scenario and business.
It’s simple…
Before you make a crucial decision, you count to three.
1, 2, 3
This will help you streamline...
There is one thing that will separate the winners from the losers.
Knowing your numerical trading goals.
When you have a back-tested and solid strategy, everything else becomes easier.
You have the past and the potential future in your vision.
And all you need to do is follow the rules and then keep them in check.
To do this, you need to have written down...
As humans. It’s tough.
In this day and age, it feels impossible to just focus on one task at a time.
You’re already shifting your attention. As you read this!
You’re thinking about:
What to eat, what you’re missing on Facebook, how boring this article is going to be, what’s on TV tonight, bills you have to pay, how else can you make bread for your financial...
Just to get you up to scratch.
An impulse trader in the financial markets is someone who makes trading decisions based on sudden emotional reactions rather than structured and informed strategies.
They often buy or sell markets due to fear, greed, or other emotions, disregarding systematic analysis and rational judgment.
Being an impulse trader can be dangerous...
It’s no holy grain, but routine is crucial.
You need to find what works vest for you.
This way you’ll be able to streamline your trading activities.
Here, I lift the curtain to reveal my daily trading routine — a blend of ritual, strategy, and discipline that helps me navigate the markets with confidence.
My routine is not a magical formula for instant...
We live in an extremely fast-paced world.
It’s almost impossible to focus on just one task at a time.
In fact, you’re probably already thinking of shifting your attention away from what I have to share with you today.
You’re thinking of moving to the next email, what you’re going to eat, what’s on Netflix or the bills you have to pay or how else you’ll make...
I've applied the amazing TradingView Economic Calendar Widget tool to my website.
It's extremely useful to use and apply.
What I love about it is that I can customise the high impact news to watch out for on the daily.
I thought I'd share a quick How it works guide!
Intro to the Economic Calendar Widget by TradingView
Whether you’re a fundamental (news...
Once you’re a trader, you’ll always be one.
Once you have the pure desire and urge to succeed, there is no turning back.
And you need to go with your own time line and slowly but surely, you will make it.
But there are a few signs you’ll need to consider.
It’s all up to you. Let’s start with these inevitable signs.
Sign #1: You Have a Passion to Trade...
