Today my Twitter friend Sean McLaughlin (@chicagosean) issued this decree – “Rule #1 for Retail Forex Traders: DON’T DO IT. The rest of the rules don’t matter.” Being the contrary person that I am, I like trading retail forex. And (after an initial awkward getting-to-know-you phase), it seems that foreign exchange and I were somehow …
Tag Archive: Trader (finance)
Apr 29
Beating The Machines – How to Win in Spite of HFT
I know that previously I haven’t shown much love toward whingers, but today I’m feeling unusually sympathetic. Not sure why; you should definitely make the most of it while it lasts. Behind every whinger some whingers is actually a deeply frustrated trader who is at the end of their tether; and it’s those desperate whingers …
Mar 12
I am Not a Trading Fairy.
In Which Rogue Traderette Dispels a Popular Myth It shouldn’t amaze me, but it does. I get emails regularly that go along the lines of – “Teach me to trade!”, or “I want to be a full-time trader, what do I need to do?” Which is cool – I love getting emails. But what isn’t …
Mar 09
When You’re Trading Like a Toilet.
Sometimes, things just turn to poo. One minute, things are perfect and going great guns, the next – it’s poo. For me, it looks like this – months of regular profits, disciplined trading, happy girl. Then happy girl, disciplined trading, regular losses, not-so-happy girl, more losses, undisciplined trading, only losses. See – it doesn’t take …
Dec 05
Why Trading is Like The World of Warcraft.
In which Rogue Traderette lines up to see Santa. When people first sign up for the whole trading gig, they usually front up with a wish list. Like a kid coming to Santa, it is dotted with our most far-fetched, wildest dreams, then padded out with a few smaller (but still important) stocking fillers. …
Sep 05
When Gambling Pays.
Every now and then in my trading, I do something really dumb. Something so dumb it literally makes me wonder what on earth I’ve learned these last three years. On these thankfully rare (but not rare enough) occasions, my method goes out the window and the usually-repressed-but-very-impulsive ‘thrill-seeking’ part of my personality takes over. The …
Aug 04
Scaring the Newbies
In Which Rogue Traderette Tells It Like It Is Just yesterday I had an email from a would-be trader who was keen to get started in the markets. On the one hand, I adore seeing people taking their first steps in trading, but on the other hand I feel like scaring them away because I …
Jul 21
Beating Normal
If there’s one thing I hate about trading, it’s that I’m constantly reminded how average and unspecial I am. As hard as I try to be ‘more’ than the average person, my normalness continues to flatten me. As traders, we constantly have to battle our normalness because being the same, and thinking the same as …
Mar 18
The Truth Hurts – Work With It.
Mirror, Mirror on the Wall… First of all I would just like to express my horror at the events this last week in Japan. I simply can’t comprehend what those people are going through just now, and their situation makes my post look petty and trifling. I accept that graciously. Nonetheless, I did have an …
My name is Jess. I’m an Aussie girl (or maybe I’m a woman – I’m not sure where the cut-off is). I’m a Mum to my daughter and two sons, a wife to my one husband, and a friend to anyone who knocks on the door – particularly if they come bearing red wine. Or any kind of wine, really. More >>
