NZ Herald
  • Home
  • Latest news
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather forecasts

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
    • The Great NZ Road Trip
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
    • Cooking the Books
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • What the Actual
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Personal Finance

Nick McDonald: One thing is certain in the markets

NZ Herald
20 Oct, 2013 08:30 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Opinion by

Markets inherently involve a huge amount of uncertainty. Good traders and investors thrive on that knowledge and look for opportunities where the probabilities align to stack in their favour.

There is however at least one thing that is almost certain within this world of uncertainty... no matter what your view on the markets, there is always someone else who will disagree. Strongly disagree!

For everyone who thinks the stock market will go up, there is another who thinks it will go down. For everyone bullish the Kiwi Dollar, someone else is overwhelmingly bearish. Some fundamentals will point to a rise, others point to declines, some are just down to how an individual chooses to interpret them and there are extreme biases involved in that.

These opinions exist whether people have their money on the line or not. Many just like to have opinions and share them with the world. Nothing wrong with that; just be careful who you listen to.

One of the first columns I wrote for the New Zealand Herald was titled "Do Investors and Traders Help Society?"

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Check out the comments! My mere suggestion that us every day people trading the markets from home, paying our taxes , supporting our families like half-decent human beings (even occasionally throwing a smile in someone else's direction or holding a door open for the elderly) might actually contribute something to society - well it opened the flood gates.

Traders are 'evil' say some commenters and pretty much guilty (without fair trial) of causing global warming, assassinating JFK and harbouring Bin Laden. Now of course I disagree with the negative comments so you might wonder why I bring this up again.

That article and the comments caused me to have a rethink, am I actually the terrible, evil, leach on society that these people say I am? Are all the great people I have met over the last decade actually evil parasites on the scale of the devil himself?

The answer is no, we are normal people doing our thing like everyone else. Save the evil remarks for the robbers, rapists, murderers, drug dealers and child abusers. Saying that a trader is anywhere near 'evil' indicates a lack of knowledge and understanding on behalf of the commenter.

Don't let others put you off

Discover more

Opinion

Nick McDonald: Mighty River and owning shares

05 May 09:30 PM
Opinion

Nick McDonald: Forex markets demystified

03 Jun 09:30 PM
Opinion

Nick McDonald: Why I became a trader

14 Jul 09:30 PM
Opinion

Nick McDonald: Will farmers soon be driving Lamborghinis?

17 Jul 09:30 PM

What's my point with all of this? To profit from the markets you need to think independently and shut off outside noise. If you are bullish, someone will always be bearish. Accept it. By the very nature of the markets for you to buy, someone else had to sell to you. No one forced them to sell, just like no one forced you to buy. You both bought and sold because the timing and the price was right for you. No one directly loses from that transaction but you get the price you want, you both win.

For many of us traders, we love this scenario, constantly trying to outwit other market participants and turn a profit in an extremely competitive and demanding environment. It's not easy and that's exactly why we love it!

Advertisement
Advertise with NZME.

The worst thing that can happen in my opinion is that potential traders and investors get put off entering the markets simply because of what they hear about it from the uneducated minority.

I myself was slightly put off for a minute or two by the comments mentioned above but you know what? Those same people, who comment on the markets and seemingly know everything about them while hiding behind a pseudonym on the internet, also know everything about sport, politics, business, crime, education and even weather patterns. Have you ever met a know-it-all? Most of us have. Ever liked one?

The second worst thing is that they start trading but are doomed from the outset as they are looking for an investment or trade where everyone agrees, all the big guns are buying it, the press is bullish, etc. Such a scenario does not exist. There is no certainty in the markets.

The best of the best could not care less what anyone else thinks. They know what they think and that is what matters. They have accepted that no matter what path they take, someone is going to disagree. You will never please everyone no matter what you do. The best traders think independently and do what they think is right. You might want to consider this too.

Nick McDonald is a New Zealander teaching everyday people how to trade the worlds markets via his company Trade With Precision.
Save

    Share this article

Latest from Personal Finance

Premium
Business|personal finance

‘Rip-off’: App developer and Consumer say fees will stifle open banking

08 May 11:00 PM
Premium
Business|companies

Govt warned it'll be lumped with bigger bill than insurers if disaster strikes

06 May 04:16 AM
Premium
Business|personal finance

Nearly 500k people behind on loan payments, mortgage arrears hit eight-year high

05 May 05:00 PM

One tiny baby’s fight to survive

sponsored
Advertisement
Advertise with NZME.

Latest from Personal Finance

Premium
‘Rip-off’: App developer and Consumer say fees will stifle open banking

‘Rip-off’: App developer and Consumer say fees will stifle open banking

08 May 11:00 PM

Government, banks respond.

Premium
Govt warned it'll be lumped with bigger bill than insurers if disaster strikes

Govt warned it'll be lumped with bigger bill than insurers if disaster strikes

06 May 04:16 AM
Premium
Nearly 500k people behind on loan payments, mortgage arrears hit eight-year high

Nearly 500k people behind on loan payments, mortgage arrears hit eight-year high

05 May 05:00 PM
Premium
Floating rate fad helps Westpac's profit grow 10%

Floating rate fad helps Westpac's profit grow 10%

05 May 04:37 AM
Connected workers are safer workers 
sponsored

Connected workers are safer workers 

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • What the Actual
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven CarGuide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP