Comments on: Your Ideal Life as a Trader http://www.nobsinvest.com/your-ideal-life-as-a-trader/ An Investment Publication Fri, 12 Mar 2010 17:27:36 +0000 http://wordpress.org/?v=2.2.2 By: Jude http://www.nobsinvest.com/your-ideal-life-as-a-trader/#comment-316 Jude Mon, 14 Jan 2008 00:44:48 +0000 http://www.nobsinvest.com/your-ideal-life-as-a-trader/#comment-316 Thank you for sharing. Appreciate it for expressing your views! Thank you for sharing. Appreciate it for expressing your views!

]]> By: Max http://www.nobsinvest.com/your-ideal-life-as-a-trader/#comment-315 Max Sun, 13 Jan 2008 15:10:00 +0000 http://www.nobsinvest.com/your-ideal-life-as-a-trader/#comment-315 I check it more often when I am at home in the evening but during the day it's not possible. Yes if you decide that "I am going to be a trader" you are making a mental decision and a commitment to change your life over to what you want to be. This requires an interest, a passion and an enthusiasm for what you are trying to get into. Otherwise how do you expect to ever become an expert in what you do? Just like any subject at school you must do some serious study and take courses to become proficient in it. Trading is no different. The more hands on experience the better. Even when I do become a full time trader, I will still only trade the 4hr and daily time frames. You will make more money and waste less time in front of the computer that way. The 4hr time frame creates 6 candles in a 24hr period. Would you like to sit for 12 hours at your computer to watch 3 candles form? It would be like watching paint dry, but to the person who doesn't have the time because of day job commitments, it is a good solution to the time problem while they trade part time. I check it more often when I am at home in the evening but during the day it’s not possible.

Yes if you decide that “I am going to be a trader” you are making a mental decision and a commitment to change your life over to what you want to be. This requires an interest, a passion and an enthusiasm for what you are trying to get into.

Otherwise how do you expect to ever become an expert in what you do?

Just like any subject at school you must do some serious study and take courses to become proficient in it. Trading is no different. The more hands on experience the better.

Even when I do become a full time trader, I will still only trade the 4hr and daily time frames. You will make more money and waste less time in front of the computer that way.

The 4hr time frame creates 6 candles in a 24hr period. Would you like to sit for 12 hours at your computer to watch 3 candles form? It would be like watching paint dry, but to the person who doesn’t have the time because of day job commitments, it is a good solution to the time problem while they trade part time.

]]> By: Jude http://www.nobsinvest.com/your-ideal-life-as-a-trader/#comment-312 Jude Sat, 12 Jan 2008 23:27:36 +0000 http://www.nobsinvest.com/your-ideal-life-as-a-trader/#comment-312 While it's argumentative Max, I'll agree that it really depends on the individual's trading style. I respect you having such a trading methodology and to be honest, I like your trading style! But how far apart are you setting your SL and TP in this manner? You use trailing stop too? You'll need to have alot of discipline to do just to check your positions with only 3 times a day, not many people can do that (pending on how big the positions are). Also, since I'm saying trading as a full time trader, what I really meant is a person just doing trading for a career. You're a different multitasking talented person. I bet you have the passion for it that's why it works. Correct me if I'm wrong. While it’s argumentative Max, I’ll agree that it really depends on the individual’s trading style. I respect you having such a trading methodology and to be honest, I like your trading style!

But how far apart are you setting your SL and TP in this manner? You use trailing stop too?

You’ll need to have alot of discipline to do just to check your positions with only 3 times a day, not many people can do that (pending on how big the positions are). Also, since I’m saying trading as a full time trader, what I really meant is a person just doing trading for a career. You’re a different multitasking talented person. I bet you have the passion for it that’s why it works. Correct me if I’m wrong.

]]> By: Max http://www.nobsinvest.com/your-ideal-life-as-a-trader/#comment-310 Max Sat, 12 Jan 2008 22:14:17 +0000 http://www.nobsinvest.com/your-ideal-life-as-a-trader/#comment-310 "If you need to work for someone full-time you won’t have the time." I disagree with this statement. I work full time and trade forex full time too. How? By trading the 4hr and daily time frames. As long as I am in a trend, I can get on with my day job. I check my positions once in the morning before i leave for work. I check them once during my dinner break and I check them again when I get home. Only a full time day trader that sits in front of his / her computer can afford to trade on the smaller time frames as they need to be there to get out if the market whips up or down. These people as I like to say, trade the price movement within a 4hr candle, where as I trade the movement of 4 hr candles themselves, as I do not have the time to be there all day and sit in front of my computer. And besides, who would want to? If you feel you don't have the time, try the higher time frames instead. You will be surprised. “If you need to work for someone full-time you won’t have the time.”

I disagree with this statement. I work full time and trade forex full time too. How? By trading the 4hr and daily time frames. As long as I am in a trend, I can get on with my day job. I check my positions once in the morning before i leave for work. I check them once during my dinner break and I check them again when I get home.

Only a full time day trader that sits in front of his / her computer can afford to trade on the smaller time frames as they need to be there to get out if the market whips up or down. These people as I like to say, trade the price movement within a 4hr candle, where as I trade the movement of 4 hr candles themselves, as I do not have the time to be there all day and sit in front of my computer. And besides, who would want to?

If you feel you don’t have the time, try the higher time frames instead. You will be surprised.

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