Articles for: Australia

The great Jesse Livermore (1877-1940), regarded by many as the greatest trader who ever lived, said: “Speculation (i.e. trading) is nothing more than anticipating coming movements”.

The big surprise of the week was the service sector ISM index. The numbers caught the market by surprise showing the worst result since 2002 when the US was last in recession.

Copper is an important driver for our market in that it is a bulk commodity that the world still wants and we have in abundance.

Most traders are familiar with CFDs and the concept of paying interest on long positions and receiving interest on short positions.

Top Down Analysis involves determining which stocks have the particular combination of factors – technical, fundamental, economic or political – that constitute a profitable trading opportunity.

I would like to digress this week from my mission to cover world markets.

I am a regular trader. I am proud of that fact. Are you regular in your trading? Let’s look at what being regular really is all about.

It is times like this when many traders are apt to ‘throw out the baby with the bath water’. Or in another manner of speech they ‘throw’ in the towel.

To paraphrase the Ralph Waldo Emerson quote with which W.D. Gann opens his first book, The Truth of the Stock Tape, no man can learn what he has not prepared himself to learn.

Let’s look at what we can do with a Calendar Spread, after expiration of the first short month, and try to eliminate as much risk as possible as the trade progresses.