One of the key topics that I’ve covered from time to time through my newsletter is that of profiting from the mistakes of other traders. It’s hoped that the small amount of repetition will help turn on some light-bulbs for the newer traders, and at the very least act as a nice refresher for those with more experience.

Of course, it’s important to always approach the topic from a new perspective, whenever possible.

Well, being an Aussie, I’ve naturally been brought up with the very Aussie idea of never doing any work if I can get someone else to do it for me. So, having just read an exceptional article by Adam Grimes of SMB Capital on exactly this topic, I thought I should just refer you to his article. After all, there is no better way to get a different perspective, than to hear it explained by someone else.

Adam explains this idea very well and provides several chart examples. You’ll find his article here:

(While you’re there, check out his other articles as well, and in fact the whole SMB blog. I’m a big fan.)

If this is new to you, here’s some of my earlier stuff on the same (or related) topics:


Sorry for the massive number of links.

You’ll find this occurs in all markets and all timeframes. Identify where the market has just trapped someone. The point at which they realise they’ve stuffed up, often makes a great entry in the opposite direction.

Here’s some examples from recent markets. Have a look as well through your own charts. With only a little experience you’ll see opportunity appear all over the place.

Happy Trading,

Lance Beggs

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