NoDoji trading for a living

NoDoji
 06-29-13 08:33 PM

Trading for a living is very routine when you do it right.

I found that profitable trading for me involves going with the market, not "taking it on". Think of yourself as a remora latching on to a big powerful-looking shark that swims by in the direction you want to go, so you quickly latch onto it. If you find that the shark suddenly changes course and is taking you in the opposite direction you wanted to go, you let go and wait for the next big powerful-looking shark to swim your way.

A well-researched trading plan with advance directives for trade entry and exit, combined with proper leverage ensures you won't lose it all.

There may be times when the shark you're attached to suddenly breaks out into high gear and you end up cruising past where you want to go toward an island paradise beyond your wildest dreams.

All right, I admit it: When that happens, it's pretty thrilling for a moment or two.