Recently, I’ve gotten lots of emails from my loyal readers asking me what kind of trader workstation do I have set up in my trading office. So what I did is take a picture of my computer setup. I am not even going to go into details about the technical specifications of my computer because [...]
We’ve all read and heard the marketing pitches of how you can be wealthy beyond your wildest dreams and become a millionaire trading the stock market. For some people, it’s a dream but for one of my students, Andy, it is a reality.You may remember me talking about him in May of this year when [...]
Welcome back traders. I hope everyone had an awesome summer. I know I had a heck of a busy summer with lots of things going on personally and professionally in my life. Now that the leaves are starting to fall and the temperature gets colder (depending on where you are), it’s time to get serious [...]
Continuing from yesterday’s post, living expenses such as rent or mortgage is the number 1 expense in everyone’s budget and it can be as high as 50% of your total budget each month especially for those who live in an expensive city. No wonder some traders can’t take the plunge and go into trading full-time [...]
Many of you go into trading with the hopes of quitting your job and trading full-time for a living right away. That’s the ultimate dream right? Making millions in the comfort of your home with a few clicks of a button. Then reality sets in as you calculate how much you need to make every [...]
Continuing in our 5 part series, there will be days where a day trader faces obstacles in making money. It won’t necessarily be about the markets or the lack of opportunities in the markets. You can’t blame the markets for your losses so who do you blame? Of course, yourself. When I find myself not [...]
These few weeks, I’m just in the trading frame of mind and thought I would continue sharing my life experiences as a trader. As some of you know, trading for a living can offer so many advantages. You can work whenever you want. You are the boss and if you don’t feel like working today [...]
Continuing from last week, the opening bell has just rung and the action starts. I sit back in my chair and watch the numbers fly across the screen. The first 30 minutes of the trading day usually start off wildly as buyers and sellers from the previous day line up to buy or sell stock. [...]
Continuing from my last post… When I prepare for the trading day, I’d make a small breakfast so I would be energized for the morning. Sometimes a bowl of rice krispies cereal hits the spot. I’d turn on the tv in the living room to CNBC, the popular business news channel so I could catch [...]
Many people wonder what the life of a Trader must be like. Is it like what you see in the movie, Wall Street? After that movie came out, everyone wanted to be Gordon Gecko, the big shot trader who made millions in profits. I know I did. But is that a realistic depiction of what [...]
