8 thoughts on “Humility

  1. Luther Blissett

    Great blog post, thanks for sharing. David Jones in his writing and in person is good at setting realistic expectations, refreshing when you might expect a sales pitch. I like Pryor too, off to a seminar of his tomorrow held by capital spreads will let you know how it goes. I like his books, I read his Financial Spread Betting Handbook, thought it was great, started tentative trading an decided to ignore lots of good advice i.e. no plans and taking impulsive day trades on fx. Re-read the book and thought if only I had listened lol. Lots of good guidance from those guys and thanks for sharing your thoughts it’s appreciated. I’ll leave you with a thought of Pryors and that is “Take Responsibility”, like a lot of what he writes about it is harder to do in practice, but we can try non the less.

    Reply
    1. robertsweetman Post author

      Thanks Luther, appreciate the feedback. Certainly agree that taking responsibility is important generally, not just trading. So I’m taking responsibility for being an idiot and not doing a whole bunch of stuff properly because I wasn’t listening either πŸ˜‰ Cheers, Rob

      Reply
  2. simon

    …” Now the thing here is that making 20 points isn’t that hard.”

    Equally, it “isn’t that hard” to lose 20 points.

    Think about it.

    Reply
  3. pb8856

    Another great post Robert, thought I recognised you at the seminar on Monday from the blog photo, I should have said hi. I’ve been trying to get in on those 6 annual meetings discussed but no luck yet so I guess i’m going to have to do it the hard way πŸ˜‰

    Based on your rules above I’m committing to paper trade for the next 3 months, should be long enough to see if it works out or not. If so I might get my IG account set back to the lower minimum point size as discussed at the seminar and build it back up from there.

    Just entered an optimistic long the FTSE @5811 as it (hopefully) bounces off support around 5800 and the 200MA, stop@5748 target@5992 πŸ™‚

    Good luck !

    ps. You might find this useful as a guide for trade planning:

    http://www.trade2win.com/media/knowledge/tim-wilcox/T2W_Trading_Plan_Template_2005.pdf

    Reply
    1. robertsweetman Post author

      Thanks for the interest Mike – your site looks very good indeed – Love the post you made ref: day-trading, I agree with your points! Have tried to clarify my position in light of your comments. Very insightful.

      Reply

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