LATEST BLOGS

Losing wealth, health and life

Public hearings for the Financial Services Royal Commission, which resumed this week, are bringing to light some questionable practices in the sector – from lending beyond people’s means, to giving the wrong financial advice and charging for advice that was never given. Unaffordable home loans, poor financial advice and unmanageable consumer credit may have serious consequences for many Australians, beyond…

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Hugh Hendry’s Life After Hedge Funds

Always been a fan of Hugh simply because he was different….. Hugh Hendry is a rare breed: a retired hedge fund manager who has actually retired. Lately, the former manager of the Eclectica Fund, a London-based global macro outfit he ran for 15 years until shuttering it last year, spends his days unsubscribing from finance-related…

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Hedging Costs Money

Just a quick example for people who are keen on hedging or risk reduction. Hedging or risk reduction in any form acts as a drag on performance – this is a side effect of  what it is designed to do. The chart below is a performance comparison between GOLD and unhedged local gold ETF and…

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The Power of Authority.

I have just returned from a few days on Hamilton Island and whilst standing around waiting to board the flight home I was talking to an American mother and daughter who coincidentally had also sat across the aisle from me on the flight up. I asked them where they were going next and after a…

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Depressing Stat of the Day

The following quote is from an excellent long form article on the opioid crisis in the US. Nevertheless, pain research remains startlingly underfunded and undervalued. In American medical schools, the average number of teaching hours on pain is nine; in the average veterinarian curriculum, it’s forty-five. More here – Harpers Magazine

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Top 3 Candlestick Charting Books to read in 2018

When someone calls you a gambler because you’re building a better life through trading… I say “Bring it on!” When the market gives you loss after loss, but you still follow your trading plan to the letter for the very next trade, I say “Bring it on!” When you get that huge win that triples…

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WHY MOST FINANCIAL MEDIA HINDERS, RATHER THAN HELPS, INVESTORS

At the end of a two-day investment conference sponsored by Dimensional Fund Advisors in Los Angeles last month, I couldn’t stop squirming. The final workshop included a slide show highlighting articles from major business publications across the country conveying a range of dire investment messages. Some spouted warnings of impending market calamity. Others urged investors…

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4 of the Best Trading Psychology Books to read in 2018

“OK Louise, if you’re such a freaking saint, then why don’t you give away your trading knowledge for free?” Yes, that’s an actual email I received. Hint: He didn’t really use the word ‘freaking’. 2nd hint: He did use a word that started with ‘f’. I’ll let you decide which one. Firstly, thanks for your…

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More Fun With Gold and the AUD

Whilst I am on the topic of correlations and returns Yahoo Finance does offer the capacity via their charting program to compare various instruments and get a sense of their relative returns. In the chart below I have compared the AUD/USD to SPDR Gold Trust ETF and GOLD a local gold ETF. You can make up…

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You Get Dumb When You’re Stressed

PSYCHOLOGICAL STUDIES HAVE shown that when you’re under high stress, you get dumber. It can be difficult to remember what to do, or if you remember what actions you’d planned on taking, when you’re under pressure to act. That’s why so many people have trouble trading when they don’t have a written trading plan. It’s also…

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Is This All There Is?

WAKE-UP, GO TO work, come home, go to sleep. Wake-up, go to work, come home, go to sleep. Wake-up, go to work, come home, go to sleep. Wake-up, go to work, come home, go to sleep. Wake-up, go to work, come home, go to sleep. Wake-up, go to work, come home, go to sleep. Wake-up,…

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What’s Your Currency?

“OH LOUISE… YOU DON’T understand the plight of being a beautiful woman.” She closed her exquisite eyes and two delicate tears rolled down her cheeks. Beautiful ex-model, Lisa, had come to me for sharemarket training… or so I thought. In reality she wanted me to rescue her. She’d lost $650,000 of her pilot-husband’s Superannuation money…

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THE LONGEST RUNNING REPEAT-FOR-FREE TRADING MENTOR PROGRAM IN THE WORLD

Want to be an exceptional trader? Learn from the best. Chris and Louise have found the way to take the guesswork out of share trading.
They can teach you how to do this too!

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