You might have heard the expressions ‘top-down’ and ‘bottom-up’ applied to stock picking. Let us explain. TOP-DOWN Top-down research is what the economists and strategists do. They try and predict where the equity market will go by working out what earnings are going to do on average over some time period. To do that they…

SUMMARY – Another essential article for new members. Everything you need to know about stop losses. What it's like to be a trader. Different types of stop loss from flat percentage to ATR based. How to monitor them. How to execute them. Anything is better than nothing when it comes to discipline. The life of a…

Note to Reader – When you are looking at the correlations on the charts below a high correlation is when the turning points are aligned. Don’t worry about whether the lines overlap and how big the gap is between them, it’s a bit irrelevant, they are on different scales with different percentage movements. The important…

Broker Research Do I really have to explain this one? Most broker research is a cross between a marketing document and sucking up to the companies the research is written about. In the hope of a corporate relationship if one doesn't exist, or to service the existing relationship if it already does. The analysts aren’t stupid, the…

Urgency The talking heads in the media speak daily and react by the second. That is their gig. And because of their focus on each 'moment' they will always paint a picture of disaster when the market falls and a bubble when the market rises. They will also miraculously appear to be vastly more intelligent…

TIME We are all flying through life. Busy busy busy. Important things to do. So very important. Can't talk, can't stop, can't go, can't come, can't make it, can't do it. Busy. We all have our own reasons. I write an average 6600 words a day, 250 days of the year. That's 1.65 million words…

You might be aware in the Crypto space that there is a high correlation between Bitcoin and the NASDAQ. The correlation is logical. Bitcoin has no fundamentals, it is priced on sentiment alone. It is, unlike almost any other price, based 100% on sentiment. And the NASDAQ index is the embodiment of the rolling US…

Let me tell you, there is nothing for nothing in the stock market and it only works sometimes. Lets find out when.

In this episode, Henry Jennings is joined by Luke Cummings, Chief Investment Officer and MD at Harvest Lane Asset Management.