Safety in the Market Blog: Insights, Tips and Strategies for Traders
The Importance of Reframing
Reprinted from the Safety in the Market Spring 1994 Ticker Tape Written by Dr Harry Stanton In my consultancy work with the business community, I am often called upon to work with people who have lost confidence in their ability to sell. This is usually a result of...
Unlocking Trading Success
Did you know that doubling $1,000 just ten times will give you nearly $1,000,000? Hard to believe, isn't it? Do the sums, it’s true! Whether your goal is to make $1,000,000 a year, or $1,000,000 over your career as a trader, either way, the thought of making...
Finding Your Allies in the Market
When Some Stocks Become Your Friends... WD Gann wrote in his teachings, that some stocks or markets are a trader’s ‘enemy’, and they will find it hard to analyse and profit from those markets, whereas other markets are a trader’s ‘friend’, and they will almost feel as...
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...