As traders, we are all used to hearing and using the words: bull, bear, bullish and bearish when referring to the markets. But have you ever wondered why we use these words and when it first started?
Trading has been suspended at Woodford Investment Management, after one of the biggest failures in the history of fund management.
This year had been looking promising for oil as it enjoyed a bit of a bull-run, following on from the sell-off at the end of last year. That was until April when the price took a turn for the worse and a bearish correction took hold. This led to a big decline last week; featuring the worst day for oil in six months.
It's one of the most famous streets in the world, but how did Wall Street get its name and how did it become a centre of business and finance?
When you exercise and your heart rate increases, your brain thinks you are going through some sort of stress and it enters fight or flight mode. This causes you to release a protein called Brain-Derived Neurotrophic Factor (BDNF). BDNF is important as it works almost like a fertiliser for your brain. It helps your brain to create new connections, repair damaged cells and protect existing cells.
The difference between just learning a skill and becoming a master at it is the process of deliberate practice. We need to be breaking down the skill of trading into its individual parts and working to improve each of those in a deep, systematic manner.
Risk management is an area of trading that is often overlooked by many new traders, this is especially true when it comes to position sizing. We receive many emails from traders complaining about their trading performance, which allows us to find the root cause of many problems. One of the main causes is the lack of risk management.
Traders contact me all the time to ask questions and address issues they’ve been having with their trading. In order to help these people, the first thing I need to do is figure out the root cause of the problems. A lot of new traders are so focused on earning a profit in every trade right at the beginning, that they lose focus on what they should be doing to become a better trader.
This article is going to give you an overview of some steps you can go through to take a more realistic approach with your trading and your money.We need to go through the process of looking at your current financial situation, how you want it to be in the future and how you’re going to get there.
If there’s one thing that social media has helped to make painfully obvious, it’s just how biased people’s opinions can be. Some biases that impact our trading are blind spot bias, the law of the instrument and motivated reasoning.