Four teenagers, 4 adults and two ‘geriatrics’ in two campervans for two weeks sounds like a recipe for disaster but the problems came not from the travelers but from other directions. Our middle son invited us to join him and his family on a trip to New Zealand. Our youngest son and his family joined…
A lot of my university friends have landed jobs in the health professions. Doctors, physios, paramedics, osteopaths. Not sure why, it’s just dropped that way. Useful for a 25-year old that’s been thrown off their parent’s private health policy. Muscle injuries, sore backs, medical advice, Hepatitis A, B, C. no problem. They are never short…
I catch the same train to work as two of my colleagues, we walk around 10min from the station to work and often enjoy a good catch up about how the weekend unfolded, who broke up, who went home together, what wholesome activities we got up to? Farmers market, drive down the coast? It’s a…
For me, consistency and discipline are two closely related character traits that are essential if you are to be a successful trader (or investor). Trading is about analysing data and making decisions. Each time you buy or sell a financial instrument you are making a decision, informed or otherwise, about the prospects for that particular financial…
Expectation can be a killer. Without getting too philosophical, high and unrealistic expectations lead to disappointment. High expectations by themself are fine but when we add in unrealistic, that’s when they can do more harm than good. In the trading game, it’s no different. Tempered expectations will keep us grounded. Unrealistic expectations will lead to…
WHICH STOCKS WILL DISAPPOINT WITH RESULTS (AND WHICH WON’T) We’ve had profit warnings from IAG, DOW, CIM, NHF, NUF, SUL, KGN and now TWE. The confession season is in full flight. Time for this perennial article – rules for the results season and a look at which stocks and sectors are most at risk over…
Our dive into ‘Mindset’ continues as we look at the virtue of patience – something traders often lack. Impatience is one of the biggest demons I have fought throughout my trading career and, I believe, one of the major factors which can hurt traders both mentally and financially. The recent rally and pullback in the ASX…
There are three main elements to trading that must be understood and worked on if you want to be successful. Some people, including my first trading mentor Stuart Mcphee, refer to them as the 3M’s – Money, Method, Mind. ‘Money’ really means money management, i.e. how to calculate risk, how to size your positions, understanding…
My brother and I have shared a 2012 ford Mondeo (diesel) for the last 4-years. The car in the picture on the right is not the Mondeo, it is our friend Jared, who put this car on Carsales.com with the tag line – “Only used for school pickups”. Everyone has their own advice on cars.…
Today I am going to talk to you about overtrading. Perhaps an odd place to start and for those who are experienced, it’s probably something you’ve already come to grips with. For novice traders, and even for those who are more experienced, overtrading can be an absolute killer. There are two reasons why. Firstly, it…
