Last weekend we held one of our regular coaching calls with the Breakout Strategies Masterclass, and breakout trading specialist Tomas Nesnidal made an interesting point that I wanted to share with you today. It’s a danger that can lure traders in, both beginner and experienced, delaying our … [Read more...]
090 – How to find trading ideas every single day
I recently received an email asking me where all the trading ideas are. I think every episode provides at least 1 idea of value, but one that stands out in my mind was the chat with Rob Hanna in episode 7. In that episode he share loads of trading ideas. But he also goes one step further … [Read more...]
089 – Automated trading – ‘Set and forget’ or ‘Forget and regret’?
One of the appeals of automated trading is... well... the automation (derr). You can 'set it and forget it' if you want. However there are some dangers with doing so. About a year and a half ago I went through a period of being a little bit slack with monitoring my strategies and there was … [Read more...]
087 – What’s your risk of ruin?
Earlier this week I was on a flight from LAX back to Melbourne. As we were sitting on the plane waiting for our departure I overheard a flight attendant say to a fellow passenger that one of the other planes had been struck by lightning causing delays to other flights. At the time I didn’t … [Read more...]
Are your backtest results fooling you?
Have you ever started trading a strategy that performs well in the backtests but delivers a very different result when you begin trading it with real money? Could your backtest reports be fooling you by indicating a strategy is great but really only showing you part of the overall … [Read more...]
Do you know your Risk of Ruin?
Trading is a risky business and so many people who enter the trading world fail, losing large amounts of money in the process. Have you already lost a large sum of money or are you on the path to becoming another trading statistic? How do you know? Brent Penfold from IndexTrader.com.au, who has … [Read more...]
002 – The Principles of Trading Success – Brent Penfold
On the show today we have Brent Penfold, a full time trader, author, educator and licensed Futures Advisor. He began his trading career in 1983 as an institutional dealer with Bank America and today specializes in trading global currencies and index futures, actively trading 24 markets around the … [Read more...]