Trading Help – Dial Before You Dig.

Trading help – we receive these calls most days.

It sounds something like this…

Above is a picture of a shovel (or spade. Tomato / potato)

It is used to dig holes. Unfortunately a lot of people dig holes in inappropriate places…like the stock market.

Taking quick profits and not allowing the trend to run. DIG.

Hanging onto losing trades in the hope they will turn around. DIG.

Punting on stocks that are being talked up by the media or taxi drivers. DIG.

Taking excessive risk on individual trades. DIG.

It’s only when they are buried with little to no trading capital left that they call me.

Sometimes it’s too late.

If you’ve dug yourself into a hole, you need to:

1. acknowledge you’re in a hole
2. stop digging
3. call me

Or better still, dial BEFORE you dig.

We offer a variety of strategies that will ensure you stop digging and start building.

If you’d like to know more about the history of Nick Radge and his trading career you can listen to his interview with Aaron Fifield on Chat With Traders. In this interview Nick discusses how to handle trading losses.

What Aaron learnt from his interview with Nick:

• Why trend followers should think like hitchhikers.
• Why it is not necessary to make money every day, every week, every month to be profitable.
• How to know if (or when) your trading system is broken