I have been trading for about 3 years now and have moved back and forth between fundamentals and technicals, trying to decide which suits my character better. I have looked at systems that are based heavily on indiors, to news trading egies to taking longer duration systems in a bid to not only remain profitable but generate enough of a profit to allow me to give up the day job and achieve common aim of living solely from my trading income.
What I have discovered is that there are a lot of progr out there that can make money in the long term, the issue is that most traders appear to over leverage their accounts and consequently cannot maintain the ineveitable losses that each trader experiences. This shows me that there's a critical lack of fundamental understanding on what is necessary to become consistently profitable. Your primary concern as a trader should be to safeguard your funds, if you are able to do so then the profits will follow.
Within this diary I plan to share my experiences of what it's taken to get to a stage of profitability. I will provide details on the trades I have taken as well as ones I did not (I think this is important too). I invite anyone who is curious to also add their comments on some of my articles and generally get involved:--RRB-
I hope this becomes a favorable diary where everybody has a opportunity to contribute, learn and even teach others. In the end of the day nobody is perfect ? So lets all try to help and learn from each other in a bid to makes those dre a reality.