New TA/Charting, page-12205

Let's break this down into 2 crucial parts as I would love to delve deeper with you on this if you have time as my psychology studies come to the fore.

1.thanks for vote of confidence, I need it lately, I have had a period of seriously considering another line of work.

Welcome the the world you have chosen.

• Trading/investing is quite a solitary career as there is just you and the computer.
• Successful day trading usually requires a lot of hard work to develop the necessary skills.
• Many day traders have some natural traits to get started but will have to work at others.
• Successful traders develop discipline, patience, adaptability, mental toughness, independence, and forward thinking.
• One of the most destructive habits a trader can have is ignoring the rules of their own trading plan about when to enter and exit a trade. Breaking this bad habit means critically examining how you view the success or failure of any single trade.
• The most difficult job in trading isn't stock selection, market timing or making entries. The most difficult task is setting stop-loss points. At what point do you give up on a trade and take your loss?
• Some will argue that one should never enter a trade without a predetermined stop loss.
• You will need to develop whether your investments are going to be based in either TA or FA, or a combination.
• You should keep a journal for each potential or taken trade.

• 2.Trading is too much fun... ah dear me I hope this was you being somewhat flippant !!!

Yes one should enjoy a career but also one needs to be deeply invested in becoming proficient and indeed profitable, if one is to eek out a living.
I also encourage all the traders I work with to discuss their journey with a spouse as it is a lonely vocation as there is no one to chat with over the coffee each day. It may be that your partner is not interested in trading but at least you have offered to give them an insight into your career. One should also take them through your trading plan and show them your portfolio and if they seem engaged as if they want to see how you arrive at a trade and possibly charts....anything is possible if you ascertain that they are interested.

Do you still want to pursue this career path??

V