Phantasmix Stock Market Blog

Questrade offers 80% loan value on gold bullion in non-registered accounts. You can buy gold on credit and borrow on the bullion already in your margin account.

More info @ Questrade

Stops must accurately reflect volatility and range. Stops must never, ever be based on what the trader can afford to lose. They must be placed where they ought to be and we reduce our trading size as required to manage risk to capital. This is our definitive edge.

Teresa Lo, Invivo Analytics

“Anyone with average intelligence can learn to trade. This is not rocket science. However, it’s much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies. Of the people who can learn the basics, only a small percentage will be successful traders.

If a betting game among a certain number of participants is played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you’ll gravitate toward the majority and inevitably lose.”

William Eckhardt, from The New Market Wizards: Conversations with America’s Top Traders