Fees can kill you!

broker fees kill

Due to two disappointing trades recently I started thinking more about exits and returns. Are 3% or 4% a good return per trade? Should I aim higher, risk having to stay in a trade for longer and potentially suffer through a temporary downturn or eventual loss? What is the effect of trading fees on my returns?

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Size matters!

pound coins

Proper risk management is still a bit of a mystery to me. I have come across bits and pieces of advice talking about stop losses, probabilities, position sizing etc. So far, I have only really practised honouring my stops instead of letting losers run away with my money.

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Anton Kreil seminar notes

Institute of Trading and Portfolio Management

Somebody just made me aware of a seminar by Anton Kreil from the Institute of Trading and Portfolio Management.

Kreil provides a whole host of insights, explains the workings of the retail trader’s universe and confirms my own doubts about gurus and social media. Even though I don’t want to give away too much of the content, I have extracted his advice on vetting educators because it’s probably one of the first pitfalls newbies can get sucked in. Find it at the end of this post.

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Free info and tools in the web

The internet is brimming with free information and tools for all types of trading. A lot of it seems to serve as a hook to get you to buy this seminar or that membership special access. That’s fine by me. People put a lot of effort into creating these things and then give them away for free, some even without automatic sign-up to newsletters that’ll spam your inbox.

Below are some sites I have come across; by no means an exhaustive list. Also, I have stopped following some of those by now, but wanted to list them anyway because I got some value out of them.

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