Trading For A Living - Part 2
In part 1 of this article I started to look at the financial implications of giving up the day job to instead start trading full time for a living. There are more than just monetary considerations as we will see later, but for now, there are some more costs to ponder.
Types of Investment
The word 'investments' is one that most of us are familiar with hearing in financial context. For many of us, it may make us thing of big business and vasts sums of money, but there's much to the world of investments than multi-million dollar deals.
Building The Foundation For Wealth
You wouldn't build your home on anything less than a solid foundation.
Similarly, you can't build wealth and financial independence without first having sound foundational principles to build upon.
The Perfect Mutual Fund
The Perfect Mutual Fund is the one you build yourself!The perfect Mutual Fund you build should have the objective of owning no more than 12 to 15 companies; owning shares in 12 companies would allow the diversity needed to sleep well at night and would provide a cash dividend every week of the year.The 12 companies (with staggered dividend payout dates) in your
perfect Mutual Fund should not only provide a cash dividend every week of the year, the companies should also have a
historical record of raising their dividends every year for at least the past 8 years (to eliminate risk).
Copy Cat or How to Use a Successful Trading System
How many books have you read about successful traders? How they did this or that and made a fortune and are still doing it. You say to yourself, "I'm going to follow his method and get rich".
A Secret Revealed: Why Most (Day) Traders Fail
The following perspective on (day) trading comes from my many years of experience of active day trading or being the moderator of one of the largest day trading chat rooms on the Internet.One of the biggest problems I see with new traders (and even some old ones) has nothing to do with the software or the broker they are using.
Trading Systems
A trading system consists of a set of rules for viewing markets and making trades. The advantages of trading systems can be hidden when they become associated with trading platforms involving trade order submission and processing.
Selecting Rules for Investing and Trading
There are three important differences between investing and trading. Overlooking them can lead to confusion.
High Volatility Investments
Penny stocks and options are high volatility investments that attract both the trader and the long term investor because of the small amount of capital required to make substantial gains as compared with less volatile higher priced stocks. The long term investor buys a stock believing that a company's value will increase over time and the stock price along with it.
Maniac Investment
Let's first understand what maniac
means. According to Webster a maniac is "mad;
raging with madness; raging with disordered
intellect".
Short Selling for Investors
Shorts. Let's see.
Just Say NO to Your Stock Broker
We have all heard that slogan that started back when Nancy Reagan was in Washington. It was all about drugs.
Moving Average Convergence Divergence ( MACD ) Charts
The Moving Average Convergence Divergence charts, or MACD charts for short, are a technical indicator that is derived from the more simple moving average.The MACD charts are oscillating indicators, meaning that they move above and below a centerline or zero point.
Do You Need A Financial Planner?
No matter how much money you make, it pays to keep on top of money coming in and going out. Even if you do a good job of that, there are important times in your life when talking with a professional adviser makes sense.
Stock Market Leaders and Laggards
Leaders are stocks that breakout immediately when the market confirms a new rally. In the first several weeks, strong stocks with leadership ability will breakout on volume above their 50-day average.
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