Started trading in mid 90's whilst in my 20's and went fult time late 90's...lost it all by 2001 and not from dot com or biotech but gold stock warrants.
Took 6 months off trading and worked as hard as possible to save up again whilst thinking where I went wrong.
Have read most the books and gave them all away to my old brokerage firm,have also read everything i could both on the net in the AFR huntleys II rivkin, you name i read it,brokers reports annual reports, frequenting AGM's etc etc, I dont do any of thta anymore.
An idea popped into my head that was basically the opposite of what I was doing so I started trading again.I threw out FA and went purely TA.
Went full time for a while again and found I
over traded so went back to work and used phone alerts and brokers to keep me on the ball.
Then changed profession to a stockbroker thinking I could get a wage doing what I liked aswell as keeping an eye on the market. Quit soon after as it wasnt what I thought it would be.
Started with 2 grand in 2001, now have my own company whose sole purpose is trading.
I also work full time, my trading earns me 4x my wage on average over the last 3-4 years.
I am in the black again this financial year and on track for my second best year.
My money in the bank that I've earnt through trading earns me enough interest it nearly matches my 100k wage.
I only trade stocks, I only use TA, I dont read shares magazine or the AFR or anything else.
Why come to hotcopper, Ive been coming here since 1998, its an old habit.
I will look at part time work or something that gives
back to the community in the next few years hopefully, to make sure Im not in front of the screen all day trying to make trades that aren't there and b to feel like life is a bit more fulfilling.
Hotcopper has little in the way of posters who discuss anything worthwhile in regards to making and not losing money, its basically just a place for spruikers with the occassional piece of useful info.
Most here are novices, so many come and go and everyone thinks they will be a winner.
My guess is 1 in 100 make it to being succesful traders although 100 in 100 obviously think they will.
You need to work hard and be dedicated, nothing comes easy.
The rewards are more money and a feeling you have beaten something, other than that its a pretty hollow game.
I am a game player and stategist by nature
and I like to win so trading suits me.
2 rules, the trend is your friend and always use a stop loss and you will stay in the game longer than most.
Ciao for now
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