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Consistency and patience is the Key. But a decision to begin is the first step. Don't be scared to grab this opportunity.
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So you want to live the dream? Trade full-time, in a pool or on the beach, from anywhere in the world.
The desire for freedom and financial independence is why many of us start trading.
How wonderful it would be to tell your overbearing boss to sod off, sack the annoying client who calls you at 8 pm on a Sunday and say sayonara to that moronic trainee who won’t get their head out of their phone.
Just you, a laptop, and the charts.
Now that you’ve peered over the fence at my luscious green grass, let me educate you on what it’s really like (while I relax on my sun lounge, sipping an ice tea). There are thousands of us around the world right now. Trading for a living and making a real difference to our financial wellbeing and the lives of our family through the rewards and flexibility trading provides.
It is possible. You can trade full time and quit your day job. But it ain’t always easy…. Here’s how you do it.
It might sound obvious, but I know traders who took the plunge in the expectation that dedicating full-time effort would result in profitability. Don’t do this.
Build a profitable track record of 12+ months (preferably longer). Start trading as though your life depended on it today, and if you can make money over a 12 month period without a major error/loss, you might be ready.
Keep in mind that you’ll likely be tempting to take unnecessary risks and overexpose your account because you have your job to fall back on. But remember, as traders we’re always one poor decision away from disaster. Stick to your strategy, cut your losers and live to fight another day.
Don’t hold losing trades for more than 3 days. “The elements of good trading are (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota
27 22179:40 AM Nov 15, 2018
Tequila lunch 🥙
6 13410 hours ago
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