StockTraders.NET – 1000th Member Signup – A Big Milestone

A very proud day for me today. Our 1000th member just signed up to StockTraders.NET

I couldn’t ask for a better community of traders. We are growing strong everyday and smashing all our targets and goals together.

We had a great 2017 and we have many plans for improvements and new functionality for 2018! Watch this space!



StockTraders.NET – What it is, What it is not, Where it came from, Where it is going…

In 2014,  I’ve decided to open a twitter account to share my ideas and experiences about trading and business in general. It proved to be a quite successful account and enabled me to connect to many great people worldwide otherwise I wouldn’t have met. Part of the ‘give-back’ to the community included me posting my Nasdaq trades to twitter in real-time and creating this blog so especially new traders can benefit from reading and learning from it.

In 2015, I have acquired for a considerable sum. The idea was to create something for the benefit of the whole trading community. I wasn’t really sure what that really meant. I have run several polls on twitter and ideas but really haven’t done much with it apart from a few meetings with a few traders in Europe but didn’t go too far from a few concepts as I was getting ready to move back to the UK (from Monaco) I was very buy with my Venture Capital and Real Estate Projects which I am still very busy with my diversified business interests to this date.

Fast forward a few months, Titus, a good friend, great trader and a trading buddy of mine that I know for many years and I started to discuss ideas about StockTraders.NET – We didn’t want just another chatroom as we both simply do not need to make money from a chatroom (without bragging in any way, we are both extremely comfortable financially) and we were both already sharing our trading ideas for free with the wider community. Instead, we wanted something bigger. Much bigger…For many years, I was thinking and was surprised to the fact that the lack of having a one-stop shop somewhere on the net for the new trader. This is where he/she can buy anything from the hardware to charting software, from news software to best brokerages. Think about a Trader’s supermarket where there are lots of tested and tried products in one place.

Additional to that, as a trading community, how we all can start to do ‘Group Buys’ (Think Groupon concept for finance) so that our favourite products can become much cheaper than the normal retail ones. The idea was really good but was it viable? To test it out, I have started to contact many vendors. Most of them were very positive and very much liked the idea and were willing to discount their prices but in return they get volume sales (who wouldn’t?).

All good up to now. So we had a great business model. Potentially a profitable business for us but it also benefits the trading community as a whole and it benefits the Vendors who can sell their product to many new clients. Win-win situation for everyone! Hurray!

Unfortunately, life is only that easy in movies or on fake twitter guru accounts! In real life, life & business are both very hard. This project was no different. First of all, the vendors we have spoken to wanted numbers. I am talking about many hundreds of people to start a sensible conversation about the discounts they can provide for their products. That meant we needed to find many members. Many members mean that you need to have some kind of product so you can get and retain these members. That product could be a portal with a chatroom. A great portal with a fantastic chatroom means a great investment in terms of money and time.

We are not types who give up that easily. Afterall, I had been here many times with a lot of tech companies through my VC. This didn’t stop us. We have started creating, StockTraders.NET v.01 from scratch with a developing team which wasn’t really fit for purpose. We knew this from start however, given the circumstances (and being funding the whole thing from our own pockets,) we thought it was a good way of at least starting and accomplish a demonstrator to see how functionality can work and more importantly we could get feedback from the users so we could build a better version.

We went ahead and built the first version. The v.01 was up and running in relatively short time but it proved to be a very difficult development. The chicken and egg situation is your average coder doesn’t really understand trading. Your average trader doesn’t really understand coding. We had to become the ‘bridge’ in between which was not only nerve wrecking but also exhausting in many ways especially we were also busy with a lot of different projects needed our attention. Rob Research and Goose joined in the core team, who we knew very well (both are coming from financial institutional backgrounds and very experienced traders). Product rolled out, members started to signup (some with many tech problems) and finally we got there at the end…First version was running and feedback for our trading was phenomenal from the users but the feedback for the portal however, let’s say was not as enthusiastic (rightly so!).

Fast forward a few months, we have started v1.0 development with a new development team from London. This particular team came recommended by another business I have invested in several years ago. Professional team in Central London meant that I could be on top of them if necessary and this would be a much easier process. What did we say about Life above? Of course, it wasn’t easy. We have spent very considerable sum of money with these guys and we have got what I would call a half-baked solution. The company was going through a rough patch (which we found out later in the process). The solution was really good in some areas but absolutely rubbish in other areas. The solution worked in terms of growing our community even further and enabled us to have some core membership of about 200-250 people who were with us from the beginning. We are very grateful for their continued support today.

Fast forward a few more months, we have started talks with another developer company who already had a solution but it didn’t exactly fit with our requirements. By now, most of our users were demanding live stream and more education from us.  So, we have started working with the new team to build our custom solution. Once again, a lot of money has been spent, nothing comes cheap if you want quality. It is not only the money but also our time that really counts. We have spent countless hours developing and also testing the solution with the team.

In the new solution, we have decided to have 2 types of membership. A free membership (which we always had and will always have) and also the new Premium membership. Paid or Premium membership is only for the members who wants more such as streaming data, streaming widgets, more education, etc… The data doesn’t come cheap at all, and considering a 6-minute video uses about 2.5GB (720p HD) just for one user, you can imagine the amount of Amazon Web Services (AWS) data we will be using to broadcast to many hundreds of people (eventually thousands). Let alone the developments have been done and we continue doing and of course the admin’s time. So, we had to charge and we will keep charging for the premium services as we develop them. This will not really make any money for us in the short term and cover what has been spent so far but it will enable us to sustain the costs. This doesn’t mean that we will stop Free service in anyway. Don’t forget we are not here to build just a chatroom but a Trader’s community portal that benefits us all.

So what’s next? The immediate item on our roadmap is our discount financial products store. This will not be just a normal. ‘add to basket’ type store. Many more functionality (some of which you haven’t seen anywhere else) will be incorporated to this solution. We have done initial agreements with number of Vendors already so their products will start to appear on the shop first then we will roll out many more products as we grow the partnerships.

By now we have learnt our lesson not to give any dates in IT projects,  however we are aiming to get the first version of the shop up and ready by the beginning of the new year (if not earlier). So much testing and further development will need to be done by us and the development team, which we are all currently working on as we speak.

As always, I wanted to be as transparent as possible to everyone because: 1) so hopefully this experience can be shared and some lessons can be learned throughout the development 2)so hopefully some more people can appreciate our efforts here and understand what we are doing for what reason 3) hopefully you can join us and help us to grow and build our portal to benefit us all.

Thank you for your time. Very much appreciated.













Some Useful Trading Tips

Here is a few tips to help you to become a better trader:

Cash is a positon too!

Most new traders think that a trader should be trading all the time, never miss a good opportunity! However, the reality couldn’t be more different. We are humans not algo traders. Day trader, momo trader or swing trader, quality is always more important than quantity. NEVER enter in a trade without a plan and certainly NEVER enter in a trade because of FOMO (Fear of Missing Out). Don’t ever forget that CASH is a strong position, too. It enables you to act when there is a good opportunity.

Consider Swing Trades

I personally like swing trades for number of reasons. I am a busy guy with number of Business interests. I don’t (and some cases can’t) spend my all day in front of a PC watching stocks. In swings, I generally look for good setups to enter in a trade, add, add more, hammer and exit. This tried and tested method generally works very well for me but wouldn’t work for most of the new traders (or traders with small account sizes) because of their account size and the maximum pain they can take in a swing positon. Perhaps starting small, testing the system and learning from it is the best for the new guys. I always have a plan while swinging. This plan includes where I enter, where I add, where I cover or if it goes against me where I exit the trade. Before entering into any trade, I always know what my maximum loss will be (NEVER change this during the trade!) and what I expect from the trade (i.e. how much I want to make from that trade – when reached, I am out). If it works against me and if it makes me nervous, I cut it out and move on to the next one. Sounds easy? Probably yes. However, in practice, this method needs immense discipline which you can’t develop overnight. It takes years for change to take place and constant practise to maintain it. Most new traders are looking for that magic formula to enable them being profitable overnight. Let me tell you: IT DOESN’T EXIST. If anyone telling you otherwise is after your wallet.

Set Trading Goals

I covered importance of setting goals previously in here. Setting goals for yourself will make you not only a better trader but also a more successful person in every part of your life. The goals you set should be achievable and measurable so it is crystal clear to you when they are achieved so you can move to bigger goals. If you are a new trader, your first goal should be not making profit but PROTECT your capital. If you can achieve this, then the sky is the limit…

Admit Mistakes and Learn From Your Mistakes

We are humans. We all have Ego. Admitting mistakes is not in our DNA. However, one thing you will notice from successful traders is they all admit their mistakes to themselves and to others. We all do mistakes daily. Important thing is learning from those mistakes and try not to do them again. It is a process and will take time. In trading, the same mistake can manifest itself in many different ways. The only way to learn is to experience it. You can ask, read or learn from others but the real learning only happens when you experience it in real life. The most important thing here is minimising the impact of your mistake. This in my opinion comes to admitting mistakes quickly, take action and always trade with correct trade size that you are comfortable with. You can read more about trade size here..

Constant Learning & Adapting & Having an EDGE

One of the most important things in life for me is constant learning. I am a student of life and I love learning new skills whenever and wherever I can. Similarly, I love getting more out of my trading and adding more ‘weapons’ to my trading arsenal by learning different types of trading, different types of trading vehicles and methodologies. Don’t forget, the market is constantly changing, there are number of different ‘cycles’ in the market. The best traders can see and analyse these cycles and make informed decisions about their positions and type of stocks in their portfolios. They scan stocks accordingly. They plan accordingly. One thing you need to do to become a better trader is ADAPTING. You need to adapt to the market conditions and change with the market. As a trader, you always need an EDGE. The change in market and your speed of adapting to that market is one way of having an EDGE. Information is another. Always KNOW what you are trading. Research the stock (or chart if more of a technical trader) and always know why you are trading it and what is your EDGE against other traders. If you can’t find the answer, move on to the next stock until you know you have an edge. And don’t foget any fool can enter in a trade, but only smart one knows when to exit a trade. Be smart.




Some of my favorite Trading Quotes

“I think to be in the upper echelon of successful traders requires an innate skill, a gift. It`s just like being a great violinist. But to be a competent trader and make money is a skill you can learn”. – Michael Marcus, Trader

“Successful investing is anticipating the anticipations of others.” – John Maynard Keynes

“No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.” – Robert Rhea

“In bear markets, stocks usually open strong and close weak. In bull markets, they tend to open weak and close strong.” – William J. O’Neill

“The policy of being too cautious is the greatest risk of all.”– J. Nehru

“You don`t need to be a weatherman to know which way the wind blows” – Bob Dylan

“The market does not know if you are long or short and could not care less. You are the only one emotionally involved with your position. The market is just reacting to supply and demand and if you are cheering it one way, there is always somebody else cheering it just as hard that it will go the other way” – Marty Schwartz, Pit Bull

“More men have become great through practice than by nature.”– Democritus

“Volatility is greatest at turning points, diminishing as a new trend becomes established.” – George Soros

“I was seldom able to see an opportunity until it had ceased to be one.” – Mark Twain

“Panics do not destroy capital—they merely reveal the extent to which it has previously been destroyed by its betrayal in hopelessly unproductive works.”– John Stuart Mill (1806 – 1873)

“Superlative performance is really a confluence of dozens of small skills or activities, each one learned or stumbled upon, which have been carefully drilled into habit and then are fitted together in a synthesized whole. There is nothing extraordinary or superhuman in any one of those actions; only the fact that they are done consistently and correctly, and all together, produce excellence.” – Daniel F. Chambliss, Professor of Sociology

“Success consists of going from failure to failure without loss of enthusiasm.” – Winston Churchill

“Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach.” – Michael Marcus

“The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Elder

“Vision without action is a daydream. Action without vision is a nightmare.” – Japanese proverb

“A great trader is like a great athlete . You have to have natural skills, but you have to train yourself how to use them.” – Marty Schwartz, Pit Bull

“One characteristic I’ve found among successful traders is that they function effectively when they’re not trading. When markets become very quiet and range bound, they occupy themselves with a variety of activities, from sharing ideas with peers to conducting research. Traders who do not tolerate inactivity well inevitably feel the need to trade, often when there is no objective edge present. For them, losing money is less onerous than experiencing boredom.” – in Trader Feed

“To be a super-trader, you’ll need an edge to overcome the laws of probability and the uncertainty of the marketplace. That edge comes from information flow, the ability to correct your habits in terms of the market’s characteristics, and being able to take risks, cut losses, expand your information network, ferret out ideas, and take recommendations.” – Trading to Win, Ari Kiev

Two rules for investing/trading:

Rule number one : most things will prove to be cyclical

Rule number two : some of the greatest opportunities for gain and loss come when other people forget rule number one

Howard Marks

“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. If you want to have a better performance than the crowd, you must do things differently from the crowd.” – Sir John Templeton

“Money won’t buy happiness, but it will pay the salaries of a large research staff to study the problem.” – Bill Vaughan

“A lot of people get so enmeshed in the markets that they lose their perspective. Working longer does not necessarily equate with working smarter. In fact, sometimes is the other way around.” – Martin Schwartz, in Pit Bull

“The markets are the same now as they were five or ten years ago because they keep changing-just like they did then.” – Ed Seykota

“I have been trading for decades and I am still standing. I have seen a lot of traders come and go. They have a system or a program that works in some specific environments and fails in others. In contrast, my strategy is dynamic and ever evolving. I constantly learn and change.” – Thomas Busby in Trade To Win

“Have no fear of perfection – you’ll never reach it.” – Salvador Dalí

“The ability to foresee that some things cannot be foreseen is a very important quality”. – Rousseau

“A handful of patience is worth a bushel of brains” –

Dutch Proverb

“Investing is no different. It is a game of repetition where hundreds of small actions result in one larger result. But most importantly, it is a game of risk management. It is not the home run hitter who wins in the long-run. Rather, it is that strategist who devises the best long-term plan who ultimately wins. While hitting home runs is sexy it is rarely a recipe for success in the investment world. Aim high, but play small. Over time, good risk management and patience wins. Power is no substitute for precision and patience. The same is true in the world of investing.” – in The Prag Cap

“The game taught me the game. And it didn’t spare me rod while teaching.”– Jesse Livermore

“I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling other customers, “Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the main movements-that is, not in reading the tape but in sizing up the entire market and its trend.” – Jesse Livermore

Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.” – Bruce Kovner, hedge fund manager

“Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.” – Jesse Livermore, Reminiscences Of A Stock Operator

“I have learned through the years that after a good run of profits in the markets, it`s very important to take a few days off as a reward. The natural tendency is to keep pushing until the streak ends. But experience has taught me that a rest in the middle of the streak can often extend it.”– Martin Schwartz, in Pit Bull

“It is not enough to have a good mind. The main thing is to use it well.” – Rene Descartes

“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business” – Van K Tharp

“If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating.” – Jesse Livermore

“The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.” – Peter Lynch


“I discovered, from the analysis of over 25,000 people, that men who succeed in an outstanding way, seldom do so before the age of forty, and more often they do not strike their real pace until they are well beyond the age of fifty.” – Napoleon Hill, Think & Grow Rich

“Obviously the thing to do was to be bullish in a bull market and bearish in a bear market… I came to learn that even when one is properly bearish at the very beginning of a bear market it is not well to begin selling in bulk until there is no danger of the engine back-firing.” – Jesse Livermore

“Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets.” – Alexander Elder
“Money doesn’t always bring happiness. People with ten million dollars are no happier than people with nine million dollars.” – Hobart Brown

“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota, trader

“To be a good trader, you need to trade with your eyes open, recognize real trends and turns, and not waste time or energy on regrets and wishful thinking.” – Alexander Elder

“Markets can remain irrational longer than you can remain solvent.” – John Maynard Keynes

“The markets are unforgiving, and emotional trading always results in losses.” – Alexander Elder

“When a falling stock becomes a screaming buy because it cannot conceivably drop further, try to buy it thirty percent lower.” – Al Rizzo

“Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.” – Peter Lynch

“There is only one side of the market and it is not the bull side or the bear side, but the right side.” – Jesse Livermore

“I know at last what distinguishes man from animals; financial worries.”

Romain Rolland

“Learning trading means living a few years of your life like most people won’t,so that you can spend rest of your life like most people can’t”


The Story of the Fisherman (and being ‘selective’ in your trading)

One of my favorite short stories and this story has been shared many times on the net, I am sharing Courtney Calver’s version here:

“An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked.  Inside the small boat were several large yellowfin tuna.  The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.

The Mexican replied, “only a little while. The American then asked why didn’t he stay out longer and catch more fish? The Mexican said he had enough to support his family’s immediate needs. The American then asked, “but what do you do with the rest of your time?”

The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siestas with my wife, Maria, stroll into the village each evening where I sip wine, and play guitar with my amigos.  I have a full and busy life.” The American scoffed, “I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually New York City, where you will run your expanding enterprise.”

The Mexican fisherman asked, “But, how long will this all take?”

To which the American replied, “15 – 20 years.”

“But what then?” Asked the Mexican.

The American laughed and said, “That’s the best part.  When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions!”

“Millions – then what?”

The American said, “Then you would retire.  Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”

The Mexican Fisherman smiled and thought, “isn’t that what I already do?”.

As the Mexican Fisherman demonstrated you can have more with less, in trading we should find a way to maximise gains with the least amount of risk and work. We should let the trade work for us (not the other way around).  This means being very ‘selective’. Easier said than done. I add quite a few tickers on my daily watchlists but most days I only try to heavily focus on 3 or 4 tickers at a time (sometimes these trades are only day trades, sometimes a few day swings). In my opinion, this enables taking advantage of  less risky trades (better risk/reward ratio compared to some other trades out there), consistency and selectivity. Think about it before the next trading session…

I hope this helps.