Since our last post back in July a lot has happened since, and alas I have realised that trading is NOT for me!!… Join me on INSTAGRAM 🙂
… THE END…
Only kidding!! I’ve been so busy testing things out with virtual money and working at my day job for Waitrose that I’ve become lazy at publishing my experiences with what I’ve discovered works in the stock market, so here goes…
I came up with the slogan above after watching the movie “In the Heart Of The Sea” which is based on the writings of Herman Melville which is that of the Moby Dick story.
It is all so easy to get greedy to want more and more after you’ve got a taste of something you want, but if you persist to go after big fish or ie make X amount of money, you will likely perish! Remember that money is NOT the root of all evil, GREED is!
SO LETS CRACK ON WITH THE DELAYED LATE SHOW!…
Okay so while trading with real money is far more fun and realistic, the best/safest way to learn is with virtual money, and so that is exactly what I’ve been doing with the markets while i build up a steak to trade with.
Here’s What I’ve Discovered Works Best
While I’ve been testing out many many different strategies along with various tools, overlays and the understanding of technical analysis I have discovered many awesome things that work and those that don’t! I am not going to share in this post my exact formula as it would become a monster size post to go into depth about it all, but beside my unique formula these are the MOST IMPORTANT ingredients that you need in order to trade ANY one give stock…
All You Need Is:
- Your OWN Unique strategy that works and that you understand how it works!
Without liquidity in any one given stock, the movement of price in either direction is usually very slow or non existent!
I have read many great books and continue to learn from traders that are at the top of their game, such as Timothy Sykes and Mathew Owens(Triforce Trader).
For me to show everyone my strategy and explain how I go about picking particular stocks would take up many pages of examples and diagrams. In good time I will publish a book on my work.
I have to be honest though, while not trading with real money it is challenging to write about my findings especially when the results are not with real money. However, while testing out and fine tuning my strategy I am very happy to trade with real money confidently while knowing exactly what to look for now.
So What’s Next?
So while I find a way to get a steak to trade with, whether it be a from an investor or I take out a loan, I am going to continue on my plan B option at the moment which is to build an affiliate website on a certain niche.
I have also decided against trading the forex market for now and binary options also, as although I have had some great success there as well, overall the volatility is too crazy for my liking and yes you can make mega money on the foreign exchange market, but it just isn’t my trading style. Also with binary options I’ve yet to identify an awesome broker. Binary.com was great, but they have changed a few things which makes it harder to trade with and it also involves using forex again, so that is why I am avoiding that path now and sticking with easy to spot low float stocks.
My ideal instruments that I will trade are going to be low float stocks under $30 I’ve decided, as these are the most predictable stocks to trade on days with high volume.
Oh I am also using Stockcharts.com as my new favourite tool to read charts with. It’s not perfect and neither is any software or program, but this is by far my favourite charting tool to date.
In Other News Donald Trump Becomes President!
Well I’m sure I wasn’t the only one that was surprised to see Donald Trump get elected as the next President of the United States Of America, and it just goes to show that you should NEVER EVER listen to the media hype! I did hear in the news that one person put a £200K bet on Trump winning though! Why you would do that is beyond me, as there is no real measurable way to gauge the winning direction other than peoples opinions. The reason why I enjoy speculating stock prices, is because you can use signals to tell you what is going to happen next. Some people call it gambling, and for sure nothing is ever certain in the stock market, but at least you can measure it!
Interestingly a lot of the media said that the stock market would go into turmoil, but funnily enough it has not! For what ever reason though the shipping industry sector has gone ballistic since Trump got elected! If I had real money to trade with I could have made a killing with so many stocks spiking. Don’t believe me, then look up these low float stocks with high volume that all spike on the very same day!…
Yes This Is A Short Post!
So as i continue on my trading quest and affiliate website thingy for not just financial freedom, but for complete freedom to be my own boss I will finish this post with a short inspiring story… The reason why I am sharing this story below is because it is why I am doing what I am doing with becoming a super successful stock trader… enjoy 🙂
A man came home from work late, tired and irritated, to find his 5-year old son waiting for him at the door.
Son: Daddy, may I ask you a question?
Dad: Yeah sure, what it is? replied the man…
Son: Daddy, how much do you make an hour?
Dad: That’s none of your business. Why do you ask such a thing? the man said angrily.
Son: I just want to know. Please tell me, how much do you make an hour?
Dad: If you must know, I make $50 an hour.
Son: Oh, the little boy replied, with his head down.
Son: Daddy, may I please borrow $25?
The father was furious, “If the only reason you asked that is so you can borrow some money to buy a silly toy or some other nonsense, then you march yourself straight to your room and go to bed. Think about why you are being so selfish. I don’t work hard every day for such childish frivolities.”
The little boy quietly went to his room and shut the door.
The man sat down and started to get even angrier about the little boy’s questions. How dare he ask such questions only to get some money?
After about an hour or so, the man had calmed down, and started to think:
Maybe there was something he really needed to buy with that $25.00 and he really didn’t ask for money very often. The man went to the door of the little boy’s room and opened the door.
“Are you asleep, son?” He asked.
“No daddy, I’m awake,” replied the boy.
“I’ve been thinking, maybe I was too hard on you earlier,” said the man. “It’s been a long day and I took out my aggravation on you. Here’s the $25 you asked for…”
The little boy sat straight up, smiling. “Oh, thank you, daddy!” he yelled. Then, reaching under his pillow he pulled out some crumpled up bills.
The man saw that the boy already had money, started to get angry again.
The little boy slowly counted out his money and then looked up at his father.
“Why do you want more money if you already have some?” the father grumbled.
“Because I didn’t have enough, but now I do,” the little boy replied.
“Daddy, I have $50 now. Can I buy an hour of your time? Please come home early tomorrow. I would like to have dinner with you.”
The father was crushed. He put his arms around his little son, and he begged for his forgiveness.