Ok, we are going to use this blog predominantly as a trading blog. There are fantastic opportunities for traders presently due to the violent swings we are experiencing daily. Please see the my “modus operandi” for trading in the tab above. Trading requires time and patience and you must keep your emotions under control. There are many different trading “systems” out there and I believe that none of them are perfect. Some use stop losses, some don’t, some trade options on volatility, some don’t. Some are swing traders (hold positions for weeks), some don’t. Some are long term “old turkey” while others are day traders..
From my experience none are perfect as all experience losses and drawdowns. I have been subscribed to newsletters where the newsletter said a stock was a long term buy “Legacy stock – for your grandkids” and another said it was a dead stock – sell straight away.. The thing is neither of these newsletters were wrong. Its just that their expectations were different. One newsletter saw this particular stock dropping 30% in 12 months while the other one recommended holding this stock forever..
Nevertheless, in todays environment I think all traders/investors want to see returns now, not next week or next year. Moreover, investors now with limited capital don’t have the stomach to hold onto losses especially when their trading account is going to fund their retirement.
This is why this blog is going to concentrate on strategies that will give you money now. Yes there will be losses but many more gains…
My goal is a 20% return which will give a profit of $200,000 for the year
Onwards and upwards..!