Anyone need any help?

FXX

Experienced member
1,140 195
The dream of first class, are you on the south western line? I currently commute on that and the stupidity of how busy it is infuriates me. I luckily live near one of the stations before people have to stand to London... Luckily I just bought a flat in SE1 so my commute will be no more when i move!
Essex, Greater anglia. Similar situation to yours

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NVP

Legendary member
36,749 1,878
trading part time alongside full time jobs is a very very demanding schedule.....i did it for many years

However - all i would say to anyone considering moving to full time trading and casting off those chains of employment is this

you are exchanging one stressful an demanding lifestyle for one that is far more testing and brutal......and no guarantees on any positive income at all

i dont care how hard that daily work drudgery is or the travelling and hours ....its a bloody day out at Disney compared to trading for a living and having to make consistent money .....

but you guys are aware of that ...this is just for the others reading the thread :)

N
 
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Lary

Junior member
14 2
Hi Piphoe,

First of all, don't be confused. Now here's the hard and somewhat controversial part. A trade is always set before you place the trade. The most important part is exit, not entry. Contrary to popular belief. If the entry is wrong or a mistake has been made, chop the trade and take the hit. Now here's the fun part: when you make a trade, stick by it. Do or die attitude. Don't listen to reports, news, your friends or anything else that may sway you. F**k em all. More importantly, don't listen to yourself. You make the trade (your bed), lay in it till the end. In other words, follow your plan through. If it doesn't work, evaluate after the event not during.

Lee
This is deadly do or die attitude. But in very positive side. You might have come from long way. How about your time for loved ones: spouse, kids? Do you manage time for them?
 

Lee Shepherd

Senior member
2,164 570
This is deadly do or die attitude. But in very positive side. You might have come from long way. How about your time for loved ones: spouse, kids? Do you manage time for them?
Hi Lary,

Your question is personal to me and irrelevant to you. Do you have a question relating directly to trading that I might be able to help you with?

Lee
 

Lary

Junior member
14 2
Hi Lary,

Your question is personal to me and irrelevant to you. Do you have a question relating directly to trading that I might be able to help you with?

Lee
I'm sorry for being direct. And it may not be irrelevant. I asked such questions because I'm finding hard time to spend good quality time with loved ones when I've been busy for trading and work. I just wanted to do right with family, especially kids who need daddy to raise them up. I think you may have solution to offer in this.
Thanks.
 

Lee Shepherd

Senior member
2,164 570
I'm sorry for being direct. And it may not be irrelevant. I asked such questions because I'm finding hard time to spend good quality time with loved ones when I've been busy for trading and work. I just wanted to do right with family, especially kids who need daddy to raise them up. I think you may have solution to offer in this.
Thanks.
Hi Lary,

I don't have a solution to the sacrifices you believe you should or shouldn't make. They are always personal to the individual. Whenever I've tried helping people in this way, they will always shoot me down with excuses - well, I say shoot me down, I don't give a f**k. Its their life, they will do as they please. A lot of people listen but very few act.

I will however say this about my own personal situation though: I have made many sacrifices along the way, including working some dog sh1t hours and eating basic food and drinking water. This helped prevent me from spending money and I had no choice but to save, and save hard - It also concentrated the mind. I also sacrificed a lot of time with loved ones and friends and I have been known to shut myself away for lengthy periods of time. I can still do that today and am used to solitary conditions - I just need a laptop, my phone, internet and a very small room to operate from. However, this has allowed me to now have the freedom and time to do as I wish, and of course the money which in turn allows me to spend quality time but also fun times with those I choose.

It's important to note that one does not need money to have a great time, but I will say this. It bl00dy well helps. We're in the 21st century, not the jungle. money makes things happen, buys good healthy food, gets swift medical attention and much attractions and shopping as one can fit in as well as not being tied to a 9-5 working for others for over half our waking life.

Let me know if you have anything trading related I can help with.

Lee
 

MrsMac

Newbie
6 0
Hi Lee,

I need trading related help - or rather pre-trading related help. Swing trading US stocks is my style, which I did in a small but regular way perhaps 10 years ago, then I got busy with work, family etc. I've got my time back now and though I have no wish to trade full-time, I want to hone my trading skills, and make some additional income doing something I enjoy and that really interests me to supplement what I have already.

I like to do my research over the weekends so I can take my time without the markets being a voice in my head, and I understand the value of planning the trade and sticking to the plan. What I'm having difficulty with is finding really easy to understand sites that I can use to do my fundamentals research. I used to use smartmoney.com and from there I could see earnings Q by Q, insider deals, in-sector comparisons as well as the usual breakdown of financials. Smartmoney seems to have been subsumed into MarketWatch and I find their info takes a lot more time to interrogate and digest. Do you have any suggestions for sites I could use?
 

Dicko34

Newbie
1 0
Small World!

I reside between Portsmouth and Waterlooville. City life for the madness then Waterlooville (Denmead to be precise) for the quietness. About 20-30 minute drive out the city. I get to London about once a month and usually stay overnight to hit up the nightlife and meet up with others. Let me know if you can make the next meetup. By my judgement of your posts, you seem a decent guy. Shame there aren’t more like you around these parts.

Lee
Hello Lee,

Small world eh, I lived for 20-odd years in Clanfield so know your neck of the woods very well. Used to love being halfway between the scenery of the Southdowns yet still close to the South Coast/Portsmouth.

Just joined this forum as I initially found it via this thread whilst trying to clarify the whole tax from spread-betting situation and saw your take on it all. I really enjoyed reading this thread as well as your inspirational trading diary which has shown that it's entirely possible - kudos to you!

Dicko
 

May Li

Newbie
3 0
Need advice please

Hi Lee
My name is May and i am living in Wales
I have been leaning and trading since 2014,
my problem is, i know become a consistent winning traders holy grail ,but when i come to the real trade i do not follow it,......
Many thanks
May
 

tbone1

Newbie
3 1
Hi Lee,

Very interesting thread. Was wondering, what sort of risk:reward ratio do you look for in trades? Im sure its more nuanced than a fixed rate. But are you generally tight stop and wide target approach or a little less ambitious on the upside? Also, does this change once in a position or do you tend to set and let it run to stop or target?

Thanks
 

NVP

Legendary member
36,749 1,878
I'm sorry for being direct. And it may not be irrelevant. I asked such questions because I'm finding hard time to spend good quality time with loved ones when I've been busy for trading and work. I just wanted to do right with family, especially kids who need daddy to raise them up. I think you may have solution to offer in this.
Thanks.
hey Lary.....

who said life was easy ? ......personally i suggest forget business ventures like trading and spend time with those kids ...........this is a thankless and brutal path

N
 

NVP

Legendary member
36,749 1,878
Hi Lee,

Very interesting thread. Was wondering, what sort of risk:reward ratio do you look for in trades? Im sure its more nuanced than a fixed rate. But are you generally tight stop and wide target approach or a little less ambitious on the upside? Also, does this change once in a position or do you tend to set and let it run to stop or target?

Thanks
good question......interesting to see what Lee says (I wont butt in as not my thread) but if you can crack this one you are well advanced ahead of most traders
 

tomorton

Legendary member
7,317 982
Does anybody use/recommend Alpesh Patel's pips predator?

I respect Alpesh Patel and have seen him go from strength to strength since about 15 years ago. Always went for rational simple practical approaches. Nice that he came from private retail investing too, not the corporate career track. Saw him deliver a concise presentation on his fund's strategy earlier in the year - its trend-following with MA's and pyramiding. Its worth millions.

As for pips predator, I'm certain he never even mentioned it, take from that what you will. Certainly though, he is a guy who proves that the old saying - those who can't trade, teach - is utterly unreliable.
 

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