As of late I have seen some new traders here and some of the regular ones too.
With todays modern way of living and trading done at the click of a mouse it is easy to get locked into this business.
Personally speaking, i tend to trade 2-3 times per week and time this after sudden movements on index's with a view of trading a retracement.
It is on these days I make 80% of my income through trading.
We do not have to start trading at a certain time every day and finish at a certain time like we did in the real world to become profitable.
So look out for the best times to trade, get in and get out fast, with draw 70% of any gains and enjoy. If there are losses do not attempt to get them back on that day, turn comp of and walk away.
Education is key, so out of 5 week days occasionally I have one or two free days , thisis when I go to a leisure club have work out swim, Jacuzzi etc and relax reading the new papers.
Monthly i look out for educational material so i can keep up with whats going on, new chats packages etc and do some review of business plans etc.
Over trading will ruin any trader, I speak from experience.
We do this to have a life style that is different to others, so use this time to capitalize on other opportunities be it dinner with friends, taking the wife shopping, doing other friendly tasks.
Last night i was watching a program where all bankrupt items were sold with no reserve, example a £80,000 Porsche 4X4 was sold for £10,000 indeed that is a business linked to trading in its self.So get the days of the week scheduled or penciled in have a strategy of what your going to do on that day IE bias is down so sell rallies on xxxxxxxx .
Life is too short for sitting at a screen plus its seriously un healthy in many ways.
I hope this has been useful, spend time with loved ones and use our knowledge/skills to make things happen financially, but never never forget what is important in life.
Regards TOMTOM
P.S. Have any of you guys ever started trading with out having a clear head ?
Best days are had when ones head is clear and one See's and reacts if your not mentally fit or up to the job on that day , do the sensible thing and do nothing as you wish you had if things go wrong remember this is a game of skills that one has to be mentally fit .
With todays modern way of living and trading done at the click of a mouse it is easy to get locked into this business.
Personally speaking, i tend to trade 2-3 times per week and time this after sudden movements on index's with a view of trading a retracement.
It is on these days I make 80% of my income through trading.
We do not have to start trading at a certain time every day and finish at a certain time like we did in the real world to become profitable.
So look out for the best times to trade, get in and get out fast, with draw 70% of any gains and enjoy. If there are losses do not attempt to get them back on that day, turn comp of and walk away.
Education is key, so out of 5 week days occasionally I have one or two free days , thisis when I go to a leisure club have work out swim, Jacuzzi etc and relax reading the new papers.
Monthly i look out for educational material so i can keep up with whats going on, new chats packages etc and do some review of business plans etc.
Over trading will ruin any trader, I speak from experience.
We do this to have a life style that is different to others, so use this time to capitalize on other opportunities be it dinner with friends, taking the wife shopping, doing other friendly tasks.
Last night i was watching a program where all bankrupt items were sold with no reserve, example a £80,000 Porsche 4X4 was sold for £10,000 indeed that is a business linked to trading in its self.So get the days of the week scheduled or penciled in have a strategy of what your going to do on that day IE bias is down so sell rallies on xxxxxxxx .
Life is too short for sitting at a screen plus its seriously un healthy in many ways.
I hope this has been useful, spend time with loved ones and use our knowledge/skills to make things happen financially, but never never forget what is important in life.
Regards TOMTOM
P.S. Have any of you guys ever started trading with out having a clear head ?
Best days are had when ones head is clear and one See's and reacts if your not mentally fit or up to the job on that day , do the sensible thing and do nothing as you wish you had if things go wrong remember this is a game of skills that one has to be mentally fit .
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New_trader nice one 
