If only I knew then what I know now!

Over the next number of weeks I will be releasing a series of blogs entitled the 6 things I wish I knew when I started trading.  These are just my own thoughts and opinions to date relating to financial market success.  It doesn’t make me right or wrong, it’s just my perspective, I hope you enjoy the series.

To begin with, trading is like no other profession, it will bring out the best and the worst in us and our emotions.  From the disappointments that become a personal attack on ourselves and our own self-worth to the heights of euphoria when we take on a hunch and see it soar making us a lot of money.

It has been quite the journey for me.  The ups, the downs, the sideways moves, the confusion over what trading technique to follow from which master trader, or which book to trade from.  The list goes on…sound familiar anyone?

One thing is for sure, like all roads to success and prosperity in all fields of endeavour, persistence is key.  It is said that 90% of traders fail, but I have also heard it said that the 90% don’t fail, they simply give up, which statement do you agree with?

Therefore, even though there will be speed bumps along the way (don’t talk to me about my first sortie into the world of options, that speed bump was a lesson I’d sooner forget!)

It is imperative that we always try and improve both our psychology and techniques, like all great engineering excellence, it is not what you can add to make it better, it’s what can you take away without the loss of performance.

I have tried to keep things as simple as possible when trading, I use very few indicators.  All is driven by the price which leads me to believe that my system will be successful in any market.  All my analysis over the years has been channeled into coming up with a consistent replicable system for approaching the markets that is too good not to be shared.

I hope you enjoy the series, part one will be released next week.

May today be a profitable day for all of us…

John