Greencubetrader's Blog

July 15, 2009

Trading=Freedom+Independence+Income

Filed under: Uncategorized — Craig Galea @ 8:10 pm

Although you should enjoy trading, it is not a hobby. The lone goal of trading is to make money: there is no other objective. Therefore trading must be treated like any other business.
All of the important ingredients that go into creating a successful business are relevant to the trader. Mundane tasks such as bookkeeping, recordkeeping, accounting, organization, discipline, hard work and focus are all important.
The first 3 month period (30 days, 60 days, 90 days) in any business are challenging, and tasks that will seem simple in future months will be time consuming at first. These must be made “second nature” as quickly as possible, and this is the purpose of the Quick Start Guide. Using this simple plan for the first 30 days of trading, you will be able to master the fundamentals of successful trading in your first month.
One of the key objectives of trading is the preservation of capital, and this is especially critical in the first months of trading. Therefore (as you will see below) you will be trading only 1 contract the first month. Mistakes are going to be made (that is almost certain) but mistakes will be limited to small amounts of money when trading only 1 contract. If you can successfully manage 1 contract, you will soon be trading 10 and generating significant revenue.

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