Thinking of becoming a trader?

If you cant spot the market direction in the first 1 hr in the arena – YOUR IN THE WRONG CAREER!
When trading, you trade for a living, its like any other job. As a trader you don’t gamble – YOU GRIND IT OUT!!
Your goal is to make one big pip move in an hr maybe two maybe the day!  AND THAT’S IT!
Get your money in when you see your signal –  protect it, baby sit it –  and when you don’t see your trade or signal you sit on your hand or go for a run /gym even go to the fucking Forrest go look at a deer or something.

Have you thought of what indicators you will be using? There are many – to name a few –

Bollinger bands

Ichimoku Cloud

KAMA

Keltner channels

Moving averages

Parabolic sar

Pivot points

Price channels

VWAP

ATR

MACD

OBV

Will use be using Japanese candle stick? or Heikin Ashi ? Or both*:-? thinking

What time frame will you use?

 30minutes -1hr – 4hrs – 8hrs – weekly – daily – monthly

Keep up to date with economic events – how will this effect what you are trading?

And which brokerage firm will you use? There are many of those to –  some will rob you others will make you!

Will you be a “swing trader” or maybe a “Day trader” or you may consider “Investor” or a “Scalper”
Will you trade “Forex”  “Indices”  “Commodity’s”
Will you be a “bull” or a “Bear” or BOTH?

Will you trade the British markets? or the Asian? or the US? or ALL?

How will you handle a Loss? How would you handle a Win?

Can you think when in the arena of how much you can lose on a trade RATHER THAN HOW MUCH YOU CAN LOSE?

YOU DON’T HEAR MUCH ABOUT MEN AND WOMEN traders WHO BLEW THERE ACCOUNT BIG TIME!!… You know what happened to them?

They thought they could take on MR. Market*L-) loser – They thought they could take on the big banks and institutions*:(( crying

Mr. Market:

You can buy from him or sell from him 364 times a year  – BUT He is CRAZY! and PSYCHOTIC! And does have unpredictable moves.

“He is there to SERVE YOU – and not to INSTRUCT YOU.”

Every day he gives you an offer – and when he is wrong YOU take  advantage of it.

Sometimes his price is to high or to low – and this gives you the chance to make money.

Do you want to trade because it is your PASSION? Or trade just for the MONEY?

Are you willing to commit –

“Commitment – To carry into action deliberately, (WHATEVER THE CIRCUMSTANCES –  Commit means to make it happen no matter what,then life changes for you. Most people don,t keep there commitments to there commitments, that,s why they live lives of poverty, and misery, lives on unhappiness. Socrates said –

(The uncommitted life isn’t worth living)
Me personally – I learn t how to win a little at a time BUT the biggest thing I have learn t trading the markets is –

“If you are too careful your whole life can become a fucking grind”

“If you are not willing to risk you cannot grow, and if you cannot grow you cannot become your best, and if you cannot become your best, you cannot be happy, and if you cannot be happy, then what else is there?”
Would you start a coffee shop with 500 pounds?
Would you start  any business with 150/200 pounds?

Lets face the facts – why do most business fail? Em DA!!!… Maybe they are under capitalized!!!!!! –  Could this be a reason?

So why would you start your trading business with 500 pounds? In the words of Victor Mildew – “I DON’T BELIEVE IT”

STILL THINKING OF BECOMING A PROFESSIONAL TRADER?

 

LEVERAGE MY FRIENDS FUCKING LEVERAGE – Start with 8,000 – 15,000 – 25,000 50,000 – 100,000 pounds and be –

CONSISTENT! have DISCIPLINE! be fucking PATIENT! Have a PLAN! think POSITIVE! know your RISK! use a STOP LOSS!, don’t be GREEDY!

The truth is you will always find trades – My question is will you be-able to MAINTAIN CONSISTENCY EVERY HOUR EVERY DAY EVERY MONTH?….

WITHOUT LOSING YOUR HEAD – *[-( not talking.

There is no other business where fortunes can be MADE and LOST from day to day!

Most traders will barley remember how they built there bank roll – but they wont be-able to stop thinking on how they lost it!

MULTIPLY THIS BY INFINITY AND TAKE IT TO THE DEPTHS OF FOREVER AND YOU WILL STILL BARLEY HAVE A GLIMPSE OF WHAT AM TALKING ABOUT!!

Still thinking of becoming a trader?

First ask yourself:

What is the worst that can happen? Then prepare to accept it. Then proceed to improve on the worst.

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One thought on “Thinking of becoming a trader?

  1. Pingback: Thinking of becoming a trader? | Focus on Process (NOT) the Event

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