I recently completed a course of seminars at the University of Reading during which I taught a group of students about some of my experiences of trading. My “Tips to Save You Pips” series gave me a chance to give something back to the university at which I count myself as an alumni, having studied there for my degree all those years ago. Many thanks to Sean Harper, President of the University of Reading’s Finance Society for allowing me to host the seminars and for making us feel so welcome. I found it to be a rewarding experience for myself and hope that the students found it similarly helpful for how they approach their own trading.
I have laid out below the theme of each seminar:
- Seminar 1) The Importance of a Trading Strategy – I discussed this seminar the need for a trading plan and a need to look at your trading style to decipher how best you can approach your strategy. I also introduced the vital concept of “Risk Per Trade”.
- Seminar 2) The Benefits of Trade Management – In this seminar I looked at the impact that Emotion Trading can have on your account, whilst also discussing the vital trading security tool that is the “Stop-Loss”.
- Seminar 3) The Perils of Overtrading & Overleverage – A look at some of the ways you can fall into the trap of overtrading and some of the warning signs that can leave you in danger of being overleveraged whilst trading.
- Seminar 4) The 12 Steps of Trading Success – Is my walk through guide of how to approach trading in the correct mindset and ensure that novice traders are prepared as much as they can be when they start out on their trading journey.
As so often can be the case, it can take people time to gain confidence, but certainly towards the end of the series of seminars, as a group, we were having some extremely interesting discussions about financial markets and trading. Thanks to everyone who attended and I wish you all the best and good luck for your careers wherever they take you!