If you’re tired of being told that you can’t start trading properly until you have £10,000 ($16,500), then this one’s definitely for you. I started with just £50 and am now a profitable small account trader – with an unconventional view on trading. Over the last 2 years, I’ve developed five steps that are not like anything else you’ll read that, with correct application, will help you become a successful small account trader.
Continue reading “5 Steps You Can Take To Become a Successful Small Account Trader”
I started trading in March 2012 and within five months had managed to lose £2500 (£500 a month).
If this wasn’t a big enough kick in the teeth on its own, it was far worse when my wife got hold of our bank statements. Not only did I feel like a dick for wasting money trading instead of putting it away for our newborn son, I also felt like a total failure.
Continue reading “My Love Affair With High Risk Trading”
…the knowledge that things can’t really get any worse for you, can they? If this statement were actually true, there’d be a heck of a lot more people like you and me trading for a living. The reality for a trader seems to be that no matter how bad things are; they can always get worse.
Continue reading “The Only Good Thing About Losing All Your Capital In Your First 6 Weeks Trading Is…”
If you thought that yesterday’s losing extravaganza would be enough to make me trade better, youd be completely wrong. Today, I’ve managed to blow all my remaining profits and am literally back to where I started.
Continue reading “I’ve Blown All My Profits”
Here’s my explanation of when and why you should short Ocado if you want to make £100 profit. At least, it’s what I’m going to do make £100 profit on Ocado….
Continue reading “When Should You Short Ocado to Make £100 Profit”
Today was my son’s 1st birthday. We celebrated with a bit of a tea party with friends and family that started at about 5.30pm. But, before I could properly get into the mood, I had to check my sums for the day.
Continue reading “Mixed Bag of Results Today”
I’ve held CHW for a couple of weeks now and it’s had a high of £150 paper profit for me. Today the price dropped a few points and reduced my paper profit to £90. I decided to ‘double down’ at this point after reading p.165 chapter VII of ‘Reminiscences of a Stock Operator‘ last night. In the chapter, Jesse Livermore suggests somwthing he describes as ‘pyramiding’. The gist seemed to be that when you are in a positive swing in your direction, buy more, “stocks are never too high for you to begin buying or too low to begin selling”…
Continue reading “Taking Profits to Give Margin Room”
If you’ve been following my twitter account, you’ll notice I’m diarising all of my trades on there as I make them. You’ll also notice that yesterday I was taken over by Olympic Fever (big ups to Nicola Adams!) because I wanted to get in on some gold action too – and it proved very profitable, my most proftable day yet, actually.
Continue reading “Going for Gold Again Today”