Stuart McPhee

Australian private trader for more than 20 years, author, trading coach, licensed adviser and regular speaker at major trading events all around the world. Graduate of RMC Duntroon and former Australian Army Officer.

S&P/ASX 200 Sentiment Lower Again as Index Drops Below 5350

For the week beginning 12 September 2016, my very own Stuart McPhee Market Sentiment Indicator for the S&P/ASX 200 Index (XJO) has dropped back towards 60 and neutral territory, as the ASX200 index has slumped over the last couple of weeks.  See below for notes on the indicator. Click on the image below for a …

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Probability vs Certainty – Market Update

I am still surprised at how many people misunderstand one of the basic concepts of trading – probability vs certainty. In light of this belief, it’s fascinating how some traders think that enduring an unprofitable trade could enhance the likelihood of their next one being successful. They tend to assume that with each loss, their …

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