Ignore pretty much everything below here ’cause it’s now irrelevant [13-08-15]
So here’s the current FAQ: Am I currently spending any time on trading at all?
No, not really
I could come up with any number of excuses at this point but ultimately it comes down to self belief, laziness and my current unwillingness to step out of my comfort zone.
Are you doing anything about it at all?
Yes, however I’m not blogging about it and I may end up ditching my interest/time spent on trading altogether. We shall see.
This was the original ‘about’ page and re-reading it now in 2015 it might as well be about an entirely different person.
‘Those who have knowledge don’t predict. Those who predict don’t have knowledge. ‘
Lao Tzu 6th Century BC
‘scared money can’t win‘
The Financial Spread Betting Handbook – Malcolm Pryor
Realistically I’m thinking it’ll take about 2 years to go from ‘base-camp’ to some level of repeatable competence. I’m happy to share thoughts and inspiration along my trading journey.
Right, so who am I and why should you care? [02-01-2011]
On a number of levels I’m a very ordinary person. Having become interested in technical trading through seeing some friends and colleagues either get owned or make some additional money I decided to take the plunge. The main reason for this is that while I very much enjoy my ‘j.o.b’ I’ve also realised that financial compensation isn’t merit driven when working for others…
Ultimately the goal is to trade my own account full time so the ‘training’ and experience necessary to be successful at this can be built around my (mostly) 9-5pm existence. I’m also currently single which helps enormously 😉 In fact I guess my only real ‘hobby’ is going to the gym so my time is pretty much my own.
In relation to trading I’m very interested in psychology – something I got into after getting divorced as a means of understanding myself and what went wrong. What I learned about myself wasn’t entirely flattering so taking on trading promises to be interesting (well, for me anyway).
Of course there’s the usual house, car, things motivation but to repeat the primary reason for me to succeed in this arena is to be independent from the pressures and foibles of organisations and individuals over which I have no direct influence. Seeing as I’m going to trade instruments and positions in markets over which I have no direct influence this may be quite an ironical position.
It may help to understand where I’m coming from… you’ll be able to relate if you’ve read any of the following: –
- Pema Chodron – When Things Fall Apart
- Eckhart Tolle – The Power of Now
- William Glasser – Choice Theory
- Neale Donald Walsch – Conversations with God
- Seth Godin – Linchpin
- T Harv Eker – Secrets of the Millionaire Mind
- Robert Kiyosaki – Rich Dad, Poor Dad
- Viktor Frankl – Man’s Search for Meaning
I get a lot of ideas and inspiration from books, although I also reckon listening to audio is very useful, especially while driving.
One final point – if you even come close to subscribing to the view ‘Life is a mirror’ then I suspect trading to be the ultimate feedback system. What do I mean by this? Since you’re trading your beliefs about the market (through the decisions made when taking a position) then the degree of success is bound to your beliefs about yourself. The challenge may simply be to get to a conscious place where you can grant yourself permission to be wildly successful at trading…
[05/07/11] Update on this last point…
While I do subscribe to the view that life is a mirror (in so much as you get out what you put in, your attitude determines what happens in a broad sense) I think the ‘mirror’ is basically in the process of telling me that I’m really taking the piss if I think I’m going to be successful trading while adopting the fairly cavalier attitude that I’ve had up till now… The jury is currently out on the last sentence above as this may indeed be bollocks 😉