Naked Trading

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Title

My name is Robbie Burns and I have been a successful trader for more than ten years. I’ve also written the book “The Naked Trader” which turned into a best seller. The first edition was published in 2005, the second edition in late 2007 and the third edition in 2020. I’m also the author of “The Naked Trader’s Guide to Spread Betting”. I also wrote “DIY Pension” column for the Sunday Times for 3 years which chronicled how I doubled the money in my pension scheme.

This website was created after I left my full-time job as a finance editor for BskyB to trade full-time. I had been writing an diary page for its teletext service since 1998 and decided as I was leaving to transfer that to the internet.

This page really is what you would call a “disclaimer” page and you should read it carefully before entering the site – by pressing the “I Accept” button.

The website is simply a “diary” of my life, or what you would now call a “blog”. I detail what I’ve bought, sold or shorted and briefly why. I use various spreadbetting companies and stockbrokers to carry out the trades. I ignore commission but also dividends and I reckon the two balance each other up.

So you should be aware this is not a “tipping” site and I do not consider myself, nor do I want to be, a “tipster”. In other words tipsters will urge you to “buy” something – and they generally are regulated to do so by the FSA. I simply state I have already bought or sold something personally. Because of that I am not “regulated” – so I am not an authorised “tipster”. I am simply a trader who states his positions.

That is quite a big difference. I am not allowed to give what is called “Individual investment advice”. And quite right too – I am not trained to do so. What that also means is if you e-mail me and ask me anything along the lines of “Should I buy or sell this share?” I cannot answer you except to say it is your choice! Of course I am more than happy to answer anything to do with general market/educational questions.

You should understand I always have an interest, and sometimes a big interest, in any stock I talk about. For website purposes my buys will often be to smaller stakes than in reality. So although my buys are real enough, as are the prices, I can and often do buy much bigger stakes in the shares. I may also “top up” in shares without declaring it and I will sometimes deal more often than I mention on the site – mainly because of time pressure, if markets are busy. So though the buys on the site are around the £5,000 mark I may well deal in reality is sizes of £10,000 – £30,000.

My reasoning for this is I simply do not want to encourage people to blindly follow me into something when they do not understand the potential risk. It’s ok for me because I can afford to lose money I put into the market. It may not be the case for you. I am generally a medium term investor holding my shares usually between 1 week and on occasions up to 3 years. Average holding time is probably about 3 months.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

So one of my main messages is: don’t be tempted to follow me blindly into my choices. Quite often, as I play momentum, a share I have bought may already be much higher than when I bought it, especially as I do not update every day. If you follow me blindly you may be buying at a much higher price and you may end up selling at a much lower one.

You should ALWAYS do your own research and come to your own decisions on share purchases. If you follow me into something and lose money, you only have yourself to blame and not me. You should learn about markets and understand what you are doing before entering them.

The most risky way of trading of all is spreadbetting, which I do quite a bit. You should carefully read all the warnings that the spread betting firms issue together with all the warnings in my books. And never, ever, play with money you cannot afford to lose.

The aim of this site is to entertain, and perhaps stimulate debate, and that is the condition of entry !I really hope you enjoy reading about my triumphs and mistakes, but please, just watch and enjoy my triumphs and learn from my mistakes. Consider this site as entertainment. If this is your first visit to the Nakedtrader website site, I thank you for visiting me, and hope you will find this site useful.

After reading and agreeing to the disclaimer, click the “I accept” button below. Please remember, I cannot give any specific advice, as to whether you should buy, hold or sell any individual share.

“The investments and other products referred to on the Naked Trader website should in no way be considered “advice” to buy or sell anything. Naked Trader information is given in general terms only and does not constitute personal advice to any individual. Investors are responsible for formulating and applying their own strategies based on their own personal circumstances. Naked Trader recommends that you obtain independent financial advice from an FSA-authorised intermediary before investing money. Information given in previous editions of Naked Trader daily updates may become outdated and should not be relied upon unless confirmed by recent comment.

Naked Trader takes every care to ensure that the factual information on its website is accurate but cannot guarantee this. My email address is [email protected]

Before continuing, you must accept this disclaimer!

I FULLY UNDERSTAND THE TERMS AND CONDITIONS OF ENTRY TO THIS WEBSITE AS STATED ABOVE:

Naked Trading

Good day traders, hope your Monday has been profitable! I’ve been reading a bit more on naked trading, or “indicator free” trading. I’ve really been drawn to the idea of trading with minimal amounts of indicators, and I’m beginning to see why you don’t need indicators. I am beginning to gather information from various professionals and forums about indicators, especially ones that claim to tell you the direction of the market with high accuracy, simply cloud your vision of the market. Just think of it as having a dirty windshield that’s hard to see what’s on the other side, dirt is the indicators, and the dirtier it is the less you can see of what’s really happening. Your windshield wipers are used to clean off your dirty windshield, so you can see clearly again, right? So wiping away the indicators can help you see what’s really happening in the markets. The charts you see in front of you serve as a window into the market, and I think its best to keep your window clean, or at least mostly clean.

I would recommend all new traders do, is learn some of the most beneficial basics in trading. Support/Resistance, order flow, Price Action (what is happening in front of you based on candlesticks, etc.) Now don’t think this is all you need to learn, its just what I think is good for a new trader to start with, because it will serve as your most valuable knowledge with anything to do with trading. This is due to the fact indicators and other advisors and such are designed on “price action”, the problem with them is they are always lagging, so by the time the indicator gives you a signal, its too late to enter usually. If you can learn Price Action without indicators, then you can identify a trade earlier, and feel better about your entries because you understand why. I believe price makes major moves because the institutions are dumping money in the markets to move price in a direction they desire, and they manipulate price to confuse the bulls and bears into thinking something will happen, so they can fill their (institutions) orders and make profits. The Forex market is a tricky place, full of very smart people, and they know how to prey on new inexperienced traders, and it happens every day right in front of you, you just have to learn how to see it. If you can learn how to see when the big guys make a move, then you can trade with them and profit how they profit, piggyback if you will. So, that’s it for my small lecture, dig deep in some of these topics, and you won’t be staring at the charts with no idea of what’s going on.

My first trade today was around lunch, and while I was on break I took a glimpse at the charts and found a setup that was about to trigger, so I got ready. It was with AUD/USD, and price was making a sharp move up, all the way to 1.04075. Around this area was resistance, as you can see by the pin bars and doji’s present. Shorty after, price was making a correction and returning back down towards the previous consolidation. Price reached the 20EMA and held, so I drew a line along the downtrend, and once price broke through my line, I placed a call. The line is to help me see that price is reversing, and I constantly update the position of this line to accommodate pullbacks and such, and the candle must close through the line before I enter. This trade was ITM. Remember the KISS method.

My second trade was with USD/CAD, and as you can see it was in a bit of a slight up trending channel, or it could be considered ranging. Anyways price was moving up I was waiting for a significant pullback to trade off of. Price reached some previous key levels and began to make a large bearish candle quickly, this is where I entered as it crossed through my line as it was returning back to the 20EMA. Price eventually returns to the 20EMA (rubberband strategy), and I use this in confluence with other psychological levels in the past to aid my trades. This trade was ITM.

My third trade was with EUR/USD, and price was in somewhat or a range on a high TF, so I looked back for key levels in the past, and waited for price to reach these levels. Price came up to some significant resistance levels in the past, so I waited for my trade to trigger here. I drew my line and waited for the break of it to enter a put. Since price was away from the 20EMA I knew it would return to it sooner or later, and at these key levels it seemed likely it would try it here. I entered a 5 min put here and it was ITM. My fourth trade was place shortly after the third, and I drew another line horizontally so if it broke though up, I would enter a call, but if it stayed below, I would place another put. I entered right after the doji before the large bear candle the second arrow is pointing to. This trade was ITM.

Please verify you are a human

Access to this page has been denied because we believe you are using automation tools to browse the website.

This may happen as a result of the following:

  • Javascript is disabled or blocked by an extension (ad blockers for example)
  • Your browser does not support cookies

Please make sure that Javascript and cookies are enabled on your browser and that you are not blocking them from loading.

Reference ID: #9cc859b0-77a0-11ea-8c98-1f871d7986f9

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Like this post? Please share to your friends:
How To Do Binary Options Trading?
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: