Trading Success
Well it has been awhile. Time has a way of passing more rapidly as we mature. I just wanted to make an update. I am happy (no ecstatic) to announce that I have found success in trading. As mentioned before, I have tried many avenues and strategies without consistent success. More like consistent losing. I heard somewhere that trading is a process. You start out losing a lot, then losing a little, then winning a little and losing a little, then winning a little consistently and then winning a lot.
I have finally managed to get to the winning a little (or maybe a lot if you go by percentage). With a new mentor I have managed to achieve a 77% increase in my capital since January 1, 2015. That averages out to just over 10% per month. It is an incredible feeling to finally be making progress. Trading has been a dream of mine for several years now, at least a decade. I was sure it could be profitable for me if I could just figure it out.
The formula is at least 5 fold. Number 1: have the right mindset; Number 2: no big losses; Number 3: small trade size; Number 4: keep taking profits; Number 5: a winning strategy
Notice that I mentioned the strategy last. That is because there are many, many winning strategies and the other points are more important. I feel that taking Rob Booker’s ‘Millionaire Mindset’ course was the major turn around point for me. I am indebted to him for his teaching and generosity to me and to traders all around the world.
I hope to start posting quite often and include some of the trades I am making. I currently do very short term trades but am planning on expanding to longer term. When I get a handle on the longer term I will post the trades as I enter and exit them.
Looking forward to a prosperous future doing something I really enjoy.
Jenny Wren