You are probably attempting to trade too often, and too short term!
The methodology of trading is easy, we make it harder than it has to be.
Life is about balance, so is trading.
Learn to create a simple, low risk method by employing the principle.
Less is more.
What others are saying
I'm still running my version of your system, which (thank you) is starting to pay dividends.
So, thanks again for the guidance and moral support over the last few months. The psychology is still 80% of this game.
You spoke to the Melbourne ATAA last year – a presentation that I found very interesting.
I have been a long term buy and hold investor for 10-15 years but after the GFC have been looking more seriously at trading. Have attended a few Gann style trading courses and subscribed to ###(deleted for privacy) newsletters as a starter. Your approach seems to make a lot of sense.
Thanks for getting back to me Peter. I spent today going over your website and e-book. I found it really interesting and I connected with your no bullshit way of writing. I have grown disheartened over the years with how many 'great traders' are actually great sales men and bull shit artists.
Thanks for your responses, much appreciated to be reminded that opinions are just that. Also, in regards to your last comment it occurred to me that sticking to the system requires not only discipline but also trust. I need to be giving the latter more reflection.
Its comforting to hear that others are anxious about the recent performance of their portfolio.
All the best,
Thank you for replying. The system I am currently using, only for a short time is very like the system mentioned on your website ,I have spent many years not succeeding in the market and needed a simple system while battling by own mental demons.
Peter, your messages are much appreciated- and I still am using your system.
I have done some testing over the weekend (long weekend in Perth) and I am very impressed with your fundamental scan criteria. The most telling sign for me though was that about 90% of my winning trades from the last 12 months has come out of your criteria: Overall I think your scan criteria is awesome and I cannot fault it. You have also convinced me to not touch another stock that does not meet the above criteria. I am now cured.
Cheers , Jim. W.A
. Hi Peter. We met in Adelaide. I have to say how much I enjoyed the simplicity of your system and that I am using it more and more.
Thank you. Larissa S.A.
"Good value, no nonsense."
Dennis, (past course attendee) Caves Beach NSW"