Blog Posts
The Art of Keeping Track: Recording Your Trading Results
As David Bowden, the founder of Safety in the Market, says “Trading must be run as a business” and attributes his success in trading to the fact that he ran his trading like a business, not just a hobby. He says that many people get into trading because they are sick...
What’s Stealing Your Future?
It’s reported that Aussies spend, on average, over 2 hours per day on social media - as at the beginning of 2023. It’s also reported that the average Aussie spends almost 4 hours a day watching TV. (See ‘We Are Socials 2023 Digital Report') That’s a staggering 6...
Decision Fatigue
How many choices have you made today? It’s suggested that on average, a person makes an eye-watering 35,000 choices per day. Assuming that most of us spend 8 hours a day sleeping away in decision-free bliss on cloud nine, that's over 2,000 decisions per hour that we...
Some Days You’re a Pigeon
Some Days You're a Pigeon “Accept that some days you are the pigeon and some days you are the statue.” Scott AdamsThis quote by Scott Adams, the cartoonist behind the Dilbert comic strip, pretty well sums up life and in a nutshell, trading too. Some days things just...
Cash or Cash Flow?
Which would you rather receive, a large lump sum of cash delivered into your bank account once a year, or a steady stream of much smaller amounts of money deposited into your account each month? Which would make the larger difference to your life? Many traders that I...
Getting Paid to Trade!
Before the Global Financial Crisis (GFC) in 2008, Carry Trades (buying and holding a currency pair for the interest differential) were very popular with traders because they provided an income stream (often quite a generous stream!) with very little risk IF done...
Carry Trades – Getting Paid to Trade!
Before the Global Financial Crisis (GFC) in 2008, Carry Trades (buying and holding a currency pair for the interest differential) were very popular with traders because they provided an income stream (often quite a generous stream!) with very little risk IF done...
You Don’t Know What You Don’t Know
Many years ago, my sister got married in the Czech Republic and I travelled overseas to attend. This was the first time I had ever left Australia, and everything was new and exciting for me. It was a wonderful experience and I had a great time. I also realised that...
How to Choose a Market to Trade
Every year it seems like there are more and more markets for us to choose from, as new stocks are listed and new products come on the market, like the explosion of cryptocurrencies over the last few years. Traders who have been around for a little while tend to just...
Snakes and Ladders
I used to love playing the board game Snakes and Ladders. Sometimes, it's the simplest games that are the most fun and exciting, even if they are a little bit frustrating at times! For those who have never played, the game is simple: roll a die, and a number will come...