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Great advice. Thankyou. Believe me I've looked at a number of markets to try and get a good routine to trade with. I found that given my somewhat disjointed working routine it was a difficulty. I went through John Grady's training material and webinar and so I've spent a lot of effort on that way of thinking. I found that that was where I was seeing progress so every time I changed to a new market or studied a new market behaviour, I felt that I was giving up and method hunting again.
I also hear what you say about trading in general being "the" chosen method of earning extra income. I've actually written somewhat on this topic through other avenues and find it quite fascinating. I've often asked myself that if I found another way to generate extra sources of income would I still pursue trading. Ultimately it comes full circle and I realise that it means more to me than just the financial benefits at this point. Sure, I have the other issue that I have no idea how else to general an alternative source of income to the day job, but I also think that if I achieved the goal of doing so I'd inevitably look to utilise it's proceeds towards making progress with trading, it's a bug that bites hard I guess!
Great insights, thanks again.
Can you help answer these questions from other members on NexusFi?
I must admit it feels like going back to square one considering moving markets, which I know isn't really a defensible viewpoint but it's a good recommendation for UK hours, I'll check it out thanks.
Great advice thanks. I've never really gotten on with paper trading I must admit. My discipline has always been much better live and I've typically not really got much from the exercise, that's just me though.
I've been intrigued by options many times in the past. I was in a trade group once where I saw them worked to great success. No doubt (like anything) those that know how to trade them do great with them. They've always appeared quite complicated to me and to be honest deadly in the wrong hands!
I've always viewed options as something I might get into down the line after proving some success initially. I've been put off both by the fact that I didn't want to throw in the towel on the skills I've already learned and hop to something new just because I've not found success so far, and also because of the stories I've heard about getting options wrong.
I'd be interested to hear your take on them though?
Cheers.
Yeah TST is something I've looked at, I've done their demo but haven't stumped up cash for their combine as yet. I think it's a pretty good opportunity for those who can make it work. I think their risk controls are (naturally) very tight so a lot of unsuccessful stories end up getting passed off as them being overly restrictive it seems. I might look at doing a combine down the line when I get back into things. Thanks for the advice.
