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How to Ditch Your Day Job & Trade Online For a Living
By Dave Cleary
To become a successful trader online, you need only a few tools which will enable you to give up your day job and make a decent income every month. Many people give up their day jobs and start a life of trading online which gives them the freedom which most of us are looking for. So, what do these people do which most of us miss and how are they so successful when most of us just give up our dream of trading online from home? Remember, you must realize that these people are just like you and me, they had no experience of trading the stock market but they’ve somehow being able to ditch their day job and successfully trade online for a living. Firstly, these people don’t dream, they have a real plan and they stick to it rigidly. Most of these smart traders will not take any real serious risk but they will make a series of planned small calculated risks which pay off in the end. They have a schedule which they use as a measure of their success during their trading year. So, for instance many of these will take a year out from work so that they can trade online but they know that they only have a year to make it and if they don’t they will need to go back to work. Once you make a plan and promise yourself that you’ll stick to it no matter what happens, then you’ll discover that you’ll make a real effort rather than a half baked attempt. These successful traders don’t enter the markets without experience to back them up, they won’t take a risk like that. They have invested in a good trading course which will give them the basics of the stock market. They then use this information in combination with a good stock picking tool which will give them the best stocks on any trading day. This is how many of these traders are successful, they let the guys who’ve been there before guide them and this is how you need to go about trading if you want to be a success. So, if you’re serious about making a living online at home by trading the markets, then make sure you start out with a good trading course and then pick a good stock picking tool which will give you a great head start. |
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Dave, I suppose you're right but... Yesterday I watched on TV how the stock market lost almost 1,000 points in 20 minutes, then eventually "stabilized". Not a good atmosphere for amateur traders. Ya gotta be careful here. Many of us, and even some pros can react emotionally to bad events. Volatile markets are not something to enter into unless you REALLY know what you're doing. And even then...
CONTRIBUTOR'S REPLY
Thats right, its very volatile out there at the moment. I think the best way to trade these days is short term swing trades. Plan the trade out in advance, enter your stop loss and stick to it no matter what & only trade when the markets are up. Also, another tip would be to avoid trading on Fridays altogether, looking back on old trades I discovered that I've never actually made any money trading Fridays as this day is always too volatile, so Fridays were a complete waste of time, i could have been at the beach for all those years :(
Thank you for sharing, Dave. I didn't realize that there was a trading course available. There has been some serious money made on the stock market in the last year. However, my understanding is that many people are just regaining their loses from two years ago.
Keep up the good work.
Best wishes.
Frederick
CONTRIBUTOR'S REPLY
Thats true Frederick. I think investing has become a short term game over the last few years.
Isn't "Discover How To Pick Winning Stock Trades" a lot about how NOT to pick losing stock trades?
The copyright for this content entitled "How to Ditch Your Day Job & Trade Online For a Living " has been specified by the contributor as:
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