Get a life - Do you know why you trade?

The fact is that trading has to be about one thing - making a profit.

For some traders it is an escape.
They hate the world around them, their boss, their job, everything.

Live a balanced life. Meet people, get out.
You won´t start making money from one day to another.
There is a big learning curve.
So to avoid mistakes made by pressure, have also other cool stuff to do.

Believe me, it works because all your hapiness will not be dependent on your results. You will not quick so quickly. And long term learning is really the key.
You will not get a depression because of a bad day, and you will want to achieve long term learning and profiting.
If not, you will operate from emotion, instead of cold mechanical thinking that´s the hallmark of a good trader.
"The most important factor is not the set of rules of use, but your discipline."

So, getting a life with other cool stuff will help you getting better at trading.


Cheers,


What do you think? Comment.

The profit of not commiting mistakes. Solid Fundations

Hi traders,

Today was the day where i started sorting a lot of things to prepare to trade in bet angel.
It is very important for you to open a bank account specifically for betfair, so if you lose all your money, it only from the betfair money.
If you choose to allocate that account to a paypal account you do not to pay comissions fees.
Another internet connection is extremely important.
2 internet connections if you don´t wanna fait because of internet connection problems. :)
If you are backing and laying with minutes left, you don´t have time to wait until net is again available.
I had a portable internet connection which i was not using and since i have 100 mbgs each month if my usual internet connection goes down, i will have already the other net ready.
Don´t forget this money and stress saving advice.
And finally, buy a good mice, you are going to use it a lot. My latest buy was this beauty: Microsoft Wireless Notebook 3000.

Wish everyone good trades,

As anyone had problems and lost money because of internet connections failed?
Post Comment.

Hello Everyone.

Hello Everyone,

I´m a 25 years old university student, that invests time and money in learning to trade in the Pre-Race Horse Racing using betfair and bet angel pro.

Understanding the market and seeing so much potencial drives my will.
I will begin with about 100 euros and then growing all to the famous 1000 euros, and then establishing new objectives.
Along the way i will say everything i learned and help other people, (exactly like you) trying to understand more good things about trading.
Horse Trading is similar to stock trading, using the same kind of anaylsis.
I will use manly the scalping and swing trading.
Dedication and patience will be needed.

My objectives:
1 Week - Make the first bet using Bet angel Pro
1 Month -(End February) - Don´t lose any of the 100 euros, and learn a lot from using bet angel.
2 Months(End March) - Put more 100 € into the account, and win 100 € until end of march.
Summer: (July/August) - 500 euros profit each month!

Main goal: Learn how to trade like the big boys...100K objective in 2010.
Countdown before beginning: 7 months=210 days...and counting.

Next moves:(this week)
- Open an independent bank account.
- Create a paypal accout.
- Buy Betangel for 1 or 2 months, to begin with.

All the best,