A subscriber asks:
“Is it possible to make a living from trading?”
This is a question I get quite often . . . here’s my response:
Yes it is possible, but this is not what you should set out to achieve straight off the bat.
The key to becoming a full time trader is patience and emotionless trading, so start out by aiming to make a small profit.
That is all.
Just a small profit from month to month, trading amounts that you can afford to lose.
By trying to make a living you are going to be pushing your finances to the limit and this is when emotion creeps in and destroys your ability to think clearly.
You see, trading should be reasoned investment. Emotionless.
If you have too much emotion tied up in the trades it becomes very difficult not to adopt a gambling mentality (staying in a trade that you should have exited because you want to make more money, doubling up to recoup losses, etc.)
It is best to imagine yourself employed to look after this money. You get no bonuses on profit but you could lose your job if you lose money. Then you will take quicker profits.
In the long term, after you have been successful at this for a while your trading fund will be considerably larger than when you started and you can think about taking bigger risks and bigger profits.
It all has to happen one step at a time.
I can’t promise it’ll all be plain sailing, but through education you can become successful and its a system that is PROVEN to work.
Eventually, You will get where you need to be.
“If you take enough steps, in the end you’ll make it.”- Børge Ousland (while trekking to the north pole)
I am here to help, I can only do my best to help people achieve the goals they set for themselves, I try keep it simple as possible.
I want to help you become a successful trader, but you have to make the first move.