chart, page-55

I have been full time since 2007 and it doesn't feel like I go to work any more because I enjoy it so much. When I started I worried about making enough money for about 18 months but after that I stopped worrying. Here are some other tips:

Have a strategy for your business

Set goals (Target profit/week, capital growth % per month)

Monitor your performance against targets daily

Set up a spreadsheet which records every trade(My
spreadsheet has one page for each stock which feeds into a summary worksheet

During quiet times review your performance

Always work on ways to improve your performance


I used to make 1% per dollar of turnover and wasn't happy with this level. I took a 6 week break a couple of years ago and realised I was overtrading and wasn't backing my judgement enough on investment choices (particularly medium and longer term stocks ie selling too early). When I came back from holidays I changed my behaviour and ever since my profit margin has been above 10%. Turnover declined by 50% initially but it is now almost back to the same level it was. This business has the potential to be very lucrative but it takes time to get the model right.