Weekend Aftermarket Lounge 10th - 13th July, page-115

  1. 14,837 Posts.
    lightbulb Created with Sketch. 286
    Should you wish to take it up at some later date, having a job should make you quite a bit better at trading. This is because there's less pressure to provide $ on schedule to pay bills. Less pressure usually means less fear, so you see things more clearly. Clarity = profits.

    Having a system might be a good option for you. Set conditional orders each night (can be done quickly), and just let things play out while you're busy at work. Having a system means no decision making. The system decides and you just follow along. The real decision making was done in the development of the system, which can take years. Understand draw downs happen,and that you will need to push on when they happen. Know what to expect in terms of income each week.

    Some of your pattern set ups were good ones. 'Contracting volume, ROC and range into a reversal' for eg. Maybe get someone to code that for you. Or buy a proven system from Radge or one of the other reputable developers. Profitable trading need not take more than a few minutes a day.
    Last edited by float^: 14/07/15
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.