Chapter 6 - Fighting my Humanness “it’s a fallacy to say trading attracts the wrong kind of people.” The hell it is. Tom just hasn’t spent enough time on FF. Hope dies last Our minds are poorly equipped for risk analysis Hope is tied to pain ...

The Finance Book Club

Chapter 5 - the curse of patterns Chart analysis is not the holy grail Apophenia is seeing patterns where none exist “We don’t see things as they are, we see them as we are.” -Anaïs Nin (no wonder I liked this line so much) The cautionary tale of ...

The Finance Book Club

Chapter 4 - Everyone is a chart expert Charts are mostly bogus and Tom is a contrarian Reset after a loss ASAP Don’t trade yesterday’s experience You are trading to make money not to break even See the world as it is, not as you are Trading is a ...

The Finance Book Club

Chapter 3 - the trading floor In this chapter Tom interviews a friend of his who is a CEO of a “trading company“. He asks his friend if he can recall any great traders in his 30 years of trading CFDs and the friend claims that he cannot. (!) The ...

The Finance Book Club

Chapter 2 - Liars Poker His Journey started with “Liar's Poker” He lucks out when exchanging his tuition money into pounds after Black Wednesday (Soros ERM) and nearly doubled his savings (it's better to be lucky than good) “What 99% of people do ...

The Finance Book Club

Best Loser Wins by Tom Hougaard Preface The markets are as inscrutable as a woman; they cannot be understood by logic Only by understanding oneself will markets ever welcome you How you feel about failure will determine your life’s path to a large ...

The Finance Book Club

After a bit of a nightmare I am now crushing the Nasdaq so how does my retail forex broker, who wants me to win so badly (according to Hougaard) react? By raising the leverage to trade the US100. I am now earning a trickle of what I made earlier in ...

Clemmo's Trading Odyssey

There’s no point in trading currencies because they go up and down. US equities only go up. Just get along and stay long and you will outperform Warren Buffett.

NAS100 NASDAQ100 ONLY (ND and NQ Futures and CFDs)

Today should have been glorious. It was not. Remember to scale out as the day’s session winds down. Don’t try to surf reversals when liquidity dries up because it makes you a sitting duck.

Clemmo's Trading Odyssey

I would have liked to ask McKenna what happens if hypercomplexification ends up preventing a type of novelty that requires a less complex system to come into being? A simple example is Chicxulub, the asteroid that destroyed the dinosaurs and allowed ...

Objective Thinking And Trading

I still very much need to work on holding in situations where I know I’m right and the market puts on fearsome displays to shake me out. This may not be fixable but something I have to adapt to and live with.

Clemmo's Trading Odyssey

It doesn’t matter what the data says. Stonks only go up. This market is suicidal. url

S&P500 trading

I used to hate days like this, where the market is so confused about direction that it bounces wildly between extremes. Now I consider them my bread and butter.

Clemmo's Trading Odyssey

Another book whose lesson is easily understood but not as easily followed.

The Finance Book Club

I am curious how you are selecting these instruments for analysis. What made XAU and JPY interesting this week for example?

Weekly Top-Down Technical Analyses

“I think "online people" are bloody hilarious.” At least on this I think we can all agree.

Cable Update (GBPUSD)

JPow doing a hell of a job, . PCE holds steady and it’s like we just invented teleportation or something.

Gold

For me, I see AI as the (un)natural successor to human intelligence. We gave birth to it and just like our children, it will eventually take over our roles in the world. If we’re smart, and raise it well, it will look after us and be a morally ...

ChatGPT Bots and Indicators+