One of the most frustrating things in trading is the persistence of idiocy, which holds traders back. The chart below or a variation on it regularly appears on my social media feeds—generally posted by someone who trumpets the initial CMT or CFT after their name. I’ll tell you more about them in a minute. The…
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If you were to run a competition for the most maligned and misunderstood trading technique in Australia short selling would most likely come out on top. The intriguing thing about this is that not that short selling is misunderstood by uber sooks such as Gerry Harvey but also by market regulators such as ASIC. Who…
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Market commentary of late has been awash with the use of the word volatility and to flog a dead horse most of the people using the word are using it incorrectly. This misuse is generally a function of ignorance – most who comment on volatility don’t understand what it means. Defined simply volatility is the…
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ASX listings are in a slow but structural decline. In the 10 years to December 2024, the number of ASX-listed equities (domestic and foreign) fell by 4 per cent, from 2073 to 1989. September 2024 marked the first time in 20 years that the total number of ASX-listed equities fell below 2000. Although 67 new…
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As the New Year rolls around the media is once again awash with its annual range of predictions for the year ahead. Despite their complete inaccuracy predictions are unfortunately a dominant art of the economic landscape. This raises the question of why people make predictions even though they know they will be wrong and…
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I ran off an early list of ASX top performers for 2024. There are always opportunities – markets are generous that way.
Here is a quick quiz. Why do the majority of traders trade? If you answered to make a buck then you are unfortunately wrong. The overwhelming evidence is that the majority of traders trade for entertainment value. If allowed to make a lesser gain but trade more versus trading less but making more traders generally…
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This image appeared on my LinkedIn feed last week and you may ask what it has to do with trading. The answer is quite simple—a lot because the image itself and the responses it generated demonstrate why people fail at investing. All the responses I saw agreed—they were little more than echoes of the original…
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A survey has revealed 89 per cent of small businesses are more concerned for their future, than they were during the lockdown years. The findings reveal that 40 per cent of small business owners experienced a decline in revenue over the last year. Many business owners are finding that the most effective strategy is to…
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