Trading : Take it seriously

While most of us trade, speculate or punt in stocks ... in and out ... losses more than profits ... and many more dont know what to do with many of their sinking stocks, there are some of us taking trading as a serious business. Yes, I do take my learning to trade seriously. I am so stern and standing strongly to my principles in trading. I could not accept those punting habits and lack of understanding in out own trades. In short, taking trading seriously ... and learning from each trades.

While we are trying to increase our knowledge in trading, taking steps to analyse our mistakes and improve in our trading systems ... we certainly want to check if our systems work in different environments and instruments. We will like to analyse(do not overly doing it) our trades ... and believing that there is always rooms to improve.

Can one be a full-time trader? As much as many wanted to leave their full-time job, trading is certainly NOT for most of us. I could not accept the RISK of not getting my full-time pay by end of the month, for example. I have been employee for 20+ years now, and the employee-mentality sticked with me. Yes, I am in my own comfort-zone ... and taking trading as part-time path of gaining some profits.

If we are trading full-time and with huge financial commitments, the STRESS could be too huge for many to that. I am certainly doing better now ... with my full-time job and tuitions to cover most of my expenses or commitments.

We have the 'extra' pressure to perform and that could be 'bad' for trading.

This is in my mind ... as I might seriously to consider to trade in full-time basis, having a flexibility at home and doing what I do best. I do need to be consistent and by staying at home, I could continue with my e-learning and stock-watch ... I could still be giving Math tuition while my tratle's group meeting will be continued. There are much more freedom for me to monitor markets ... and take advantage when opportunities arise.

So, I will want to channel my focus in improving in my e-learning, my trading and sharing ... I need to improve in my marketing(haha) and will need a supportive trading group(my tratles) to work together for everyone's benefit.

It is a year to go ... or rather 11 months left. I will report my profits in quarterly basis my profit-loss. Yes, in investment or trading, the bottom line is still profit-loss.

Can I achieve the target 10% profits by end of this year? We shall watch ...

Trading Plan and Trading Journal

Well, I am going to have a template ... to let others in my tratles group to 'follow'. Yes, it will be needed to track out trades and making decisions due to plans. As for business, we need a business plan. If I am taking trading seriously, I do need a trading plan, right?

A trading journal will be a good way of reflecting on our trades(good or bad) and by such, we could review our mistakes and critically improve ourselves. Trading journal is also a place where we could write about how we feel about certain trades. We are not allowed our emotions to be in play, so ... a trading journal is a place we could voice out our frustrations or other emotions.

Looking back into the previous 4 years, I have improved(tho slow). I am in no hurry ... I just need more time to learn, to plan and ... yes ... to share and teach.

cohort-5 : This is for those in Klang Valley and wish to be in my tratles group. I do have BASIC trading with technical charts. The next class will start in mid FEB.

e-learning : This is still open to ALL those wish to learn simple BASIC of trading through online.

stock-watch : This is open to ALL those interested to know what stock I am checking, stalking and trading in weekly basis.

Am I good in my marketing? Hmm ... not really as I only write it in my own blog!! I will learn how to market my 'products'(LOL) online!! Haha ... well, few of my tratles are bringing in their friends to join our trading group. That is a positive sign for the group to grow?! Anway, if the products are good, words will spread. That is my belief.

Well, take trading seriously ... then you will understand how I could be so motivated to continue to learn and share.

Good Dragon Year ahead.

TEH