Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Traders Diary
    Traders Diary
    Traders Diary
    Ebook97 pages47 minutes

    Traders Diary

    By Colin Hardwick

    ()

    Read preview

    About this ebook

    This book provides a detailed description of one of my trading methods with no holds barred.

    You get a detailed description of one of my methods together with some examples of real life trades, both winning and losing.

    The period covered is 1st March 2021 to 1st March 2022, a period where we saw plenty of stock market volatility with the spread of Covid around the world and various government responses to it, and world events like the Russian invasion of Ukraine.

    You’ll see what I trade, why I trade it and the results from each trade. This is the experiment - the ultimate test. No reliance on back-tests or dummy accounts. These are real trades with real money. Win or lose, you’ll see it all.

    Key points:

    Thinking About Why You Want to Trade
    My First Trading Method - Momentum
    Assessing the General Direction of the Market
    Waiting for the Set-Up
    Calculating the Stop Loss
    Calculating the Position Size
    Entering the Trade
    Monitoring the Trade
    Managing the Exit
    Calculating the Performance of the Strategy
    The Next Steps on Your Trading Journey

    LanguageEnglish
    PublisherColin Hardwick
    Release dateFeb 28, 2022
    ISBN9781005864576
    Traders Diary
    Author

    Colin Hardwick

    Owner of Liberation Media Ltd, a company dedicated to producing quality media, including ebooks, excel trading models and other media.

    Read more from Colin Hardwick

    Related to Traders Diary

    Related ebooks

    Investments & Securities For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Are You Gambling or Investing? Here’s How to Tell

      Mar 2, 2021

      Investing in the stock market over many decades offers most people an incredible opportunity to build wealth. Does that surprise you? If so, you’re not alone. Over the course of my career as a financial planner, I’ve found that many people look at th

      4 min read

    • Article

      Why Bigger Isn’t Always Better

      Oct 16, 2020

      as well as being a long-term investor, I am also a short-term trader on the JSE, trading index futures before the equity market opens. Although the profits (or losses) are small in every trade, the profits are larger than the losses and I get a few m

      2 min read

    • Article

      Discipline Goes A Long Way

      Mar 31, 2022

      The life of a trader is not what most of us might imagine it to be – that is, glamorous, exciting and paved with gold. More likely it is solitary, private, a bit boring and, when done right, provides a living. We could all be traders. We could all be

      5 min read

    • Article

      He Learned to Trade for Profit - and Can Teach You, Too

      Jan 31, 2019

      Raymond Rondeau, 55, of Exeter, R.I., is a trader, president of the New England American Association of Individual Investors chapter, and creator of AAII's new course, "Investing Strategies and Technical Analysis." When did you start trading? I began

      2 min read

    • Article

      The Smart Way To Make Money

      Nov 15, 2019

      most people are frightened of investing on the stock exchange. Especially if they’re nearing retirement or are retired, as people often are when they have substantial sums of money that could be invested in shares. Despite this, shares are among the

      3 min read

    • Article

      Technical Analysis Tools For Long-term Investing

      Oct 30, 2020

      in the 22 October issue of finweek, I wrote about how I am trying my hand at trading local equities for the first time in over a decade. Some aspects of my index trading have helped (discipline and risk management), but stocks are more volatile and n

      2 min read

    • Article

      RSI Alone Not Enough

      Sep 18, 2020

      oscillators, such as the relative strength index (RSI) and stochastics, are often used as signals for overbought and oversold zones. Let’s use the RSI as an example. Generally, an RSI set on 14 days is considered over-bought above the 70 level, but t

      1 min read

    • Article

      Share Madness

      Jun 22, 2020

      Share Madness
      2 min read

    • Article

      The Magic of Moving Averages

      Jan 31, 2019

      When price charts begin to look like jagged mountain ranges, it can be hard to map out which way stocks are headed. Enter the simple moving average. The tool is a staple of technical analysis--the practice of determining the direction of stock prices

      2 min read

    • Article

      How To Count Your Losses

      Nov 15, 2019

      in the previous issue (7 November), I wrote about trading, and in particular about gearing via the use of derivatives, as well as what we should (or shouldn’t) be trading. I promised to return to the other two parts of the equation: How to employ a s

      3 min read

    • Article

      A Little Hedging Can Go a Long Way to Protect Your Retirement Savings

      Jun 10, 2020

      "Don't worry, the market always comes back." If you haven't heard this comment yet -- from a well-meaning friend or co-worker, or maybe a concerned financial professional -- you almost surely will. We're all hoping for the best but bracing for the w

      4 min read

    • Article

      Hedge Funds' 21 Top Blue-Chip Stocks to Buy Now

      Aug 29, 2022

      Hedge funds as a group have a poor long-term track record, but there's still something irresistible about knowing what the putative smart money has been up to.  Besides, you've got to give them credit where credit is due. Hedge funds as a group might

      1 min read

    • Article

      Change In Sentiment

      Oct 2, 2020

      Change In Sentiment
      1 min read

    • Article

      A Better Way To Tell A Correction From A Bear Market?

      Nov 30, 2018

      The standard definition of a correction is a 10% market decline, while a bear market is a 20% decline. These are simple definitions ... I take a different view. At Cornerstone, we view a correction as a significant decline within an up trend. Th

      3 min read

    • Article

      I Wish I Knew What A Real Interest Rate Was, But I’m Too Embarrassed To Ask

      Aug 19, 2022

      A “real” interest rate is simply an interest rate that has been adjusted to take inflation into account. (A “nominal” interest rate is one that has not been adjusted for inflation.) Real rates matters because inflation reduces the value of any future

      1 min read

    • Article

      Breakout Is Possible

      Jan 10, 2020

      Breakout Is Possible
      1 min read

    • Article

      A British Trader Who Caused A 'Flash Crash' That Sent Stock Market Into Dive 10 Years Ago Avoids More Prison Time At Chicago Sentencing. 'I Could Never Survive That.'

      Jan 29, 2020

      CHICAGO - Ten years ago, trading futures from his parents' suburban London home, Navinder Sarao shook up the investment world when his computer program set off the "flash crash," causing the stock market to temporarily lose a trillion dollars in a ma

      3 min read

    • Article

      Invest Like It’s 1999

      Dec 6, 2019

      Invest Like It’s 1999
      7 min read

    • Article

      What I Learned from Losing $200 Million: The 2008 financial crisis taught me about the illusion of control, and how to give it up.

      Dec 24, 2015

      I’d lost almost $200 million in October. November wasn’t looking any better. It was 2008, after the Lehman Brothers bankruptcy. Markets were in turmoil. Banks were failing left and right. I worked at a major investment bank, and while I didn’t think

      15 min read

    • Article

      How Investors Can Prosper With Technical Analysis

      Feb 6, 2019

      Many investment advisors and money managers have a little secret. They will proudly tell you that they rely heavily on fundamental analysis, carefully weighing earnings, market share, competitive environment and demographic trends to select the best

      5 min read

    Related categories

    Reviews for Traders Diary

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Traders Diary - Colin Hardwick

      TRADERS DAIRY

      Real trades as they Happen

      Colin Hardwick

      Copyright © 2022 Colin Hardwick

      All Rights Reserved

      Disclaimer

      Before deciding to participate in the markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.

      There is considerable exposure to risk in any trading transaction. Any transaction involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a market. Trading can also be susceptible to sharp rises and falls as the relevant market values fluctuate. The leveraged nature of trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment.

      Trading on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to trade you should carefully consider your investment objectives, level of experience, and risk appetite.

      The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.

      This is how I trade - do your own research!

      All Sharepad images courtesy of Sharescope.co.uk.

      All trade images courtesy of IG.com.

      Table of Contents

      Introduction

      Why Do You Want to Trade?

      My First Trading Method - Momentum

      Assess the General Direction of the Market

      Wait for the Set-Up

      Calculate the Stop Loss

      Calculate Position Size

      Enter the Trade

      Baidu Trade 1st March 2021

      Monitor the Trade

      Further Example Trades (As they happen)

      Heating Oil Trade 4th March 2021

      Royal Mail Group Trade 5th March 2021

      Johnson Matthey Trade 6th March 2021

      Cineworld Trade 10th March 2021

      Marathon Oil Trade 16th March 2021

      Just Group Trade 17th March 2021

      GBP/JPY Trade 19th March 2021

      News Corp Trade 24th March 2021

      Royal Mail Group Trade (Again!) 25th March 2021

      iShares 20+ Year Treasury Bond Trade 3rd April 2021

      News Corp Trade 3rd April 2021

      Entain Trade 5th May 2021

      GBP/USD Trade 10th May 2021

      Industrial Select Sector SPDR Fund 9th June 2021

      Invesco QQQ Trust Series 1 Trade 23rd June 2021

      Devon Energy Trade 23rd June 2021

      Southwest Airlines Co Trade 29th June 2021

      Ishares 20+ year Treasury Bond ETF Trade 19th July 2021

      AUD/USD Currency Pair Trade 27th July 2021

      Volatility Trade 13th August 2021

      Smurfit Kappa Trade 7th September 2021

      S&P 500 Trade 22nd September 2021

      Watches of Switzerland Trade 4th October 2021

      PTC Inc. Trade 31st October 2021

      Franklin FTSE India UCITS ETF Trade 31st October 2021

      NASDAQ 100 Index Trade 6th January 2022

      NASDAQ 100 Index Trade 28th January 2022

      Calculating the Performance of the Strategy

      The Next Steps on Your Trading Journey

      Introduction

      This book provides a detailed description of one of my trading methods with no holds barred. You get a detailed description of the method and then some examples of real-life trades, both winning and losing. You’ll see what I trade, why I trade it and the results from each trade. This is the experiment - the ultimate test. No reliance on back-tests or theory. These are real trades - win or lose, you’ll see it all.

      There is only one definition of a successful trader in my opinion - someone who makes a good return from the markets consistently. I accept that this is an arbitrary definition since good and consistent can mean different things to different people. Personally, I look to get an average return of at least 15% a year with drawdowns less than 15%. Sometimes I achieve more and sometimes less but the average should be 15% with limited drawdown.

      It’s important to control the size of an inevitable drawdown since this is the main reason why people stop trading. They think that every trade should be a winner with no drawdowns. This is impossible and you have to learn to lose if you want to win. That may seem a strange thing to say, but most traders are lucky to achieve more than 40% - 50% winners but what really matters is the size of those winners compared with the size of the losing trades. I’ll go into far more detail later in this book and I’ll explain what I look for in my trading strategy and how I measure the performance of a strategy.

      The data shows that the majority of

      Enjoying the preview?
      Page 1 of 1