There is an unlucky belief among many folks that doing well in the stockmarket ( and other markets, for what it's worth ) needs a great amount of work and tons of time. This is partially a result of those in the markets needing to make what they do appear complex, and thus exclusive. The unvarnished reality of the circumstances are that you do not have to devote your life to the markets to provide good results.
I will use myself as an example. In most years there are significant time periods during which my schedule of travel and other commitments prevents me being overly active in the markets. One particular year I added a six week trip between the end of May and the early part of July in to the mix as well. During the course of that year I did a total of about a dozen trades in the stock market. Want to know my return for that year? It was more than 200%.
Now you may be thinking this is an enigma. It is not.
Over about an eighteen month period between 2002 and 2003 I was able to double the value of my retirement account trading stocks ( I had to double it to make up for the thrashing the mutual funds I had been in previous to that had taken ) always using a way more conservative approach than in the example above. Again, that was done on a comparatively low number of trades. In actual fact I do not usually make that many trades in any particular year. If I am getting extremely far above 20 it's rather surprising.
Obviously , I am not a day trader. I don't get into and out of positions swiftly. My method is one I have formed over time which permits me to find stocks with good upside potential that I haven't got to constantly watch. The positions I put on are planned to be held for weeks, if not months. That is the timescale when the biggest moves happen, so that is the timescale I need to trade.
The strategy I use incorporates all three primary forms of market analysis - fundamental, technical, and quantitative. That said, however, I can go through the stock selection process in a couple of hours, at most. If there isn't anything worth really looking at, the whole thing can be done very quickly.
What's more, if I have active positions on I will probably not be looking to enter any fresh ones. If that is the case apart from a little checking up to find out how the stocks are trading and if there's any vital stories, there is very tiny to be done. I will literally trade my system in only a few hours a month.
Now you could be announcing that I have got a great system. Perhaps I do. It definitely works for me given the inhibitions I operate under with my list. I do not consider it any major secret, though. In reality I printed it in detail in my book, The Necessities of Trading, so you are free to take a glance at it for yourself.
The significant point here is that I was ready to develop a trading style and system that will work for me. Anybody can do that. It's a query of making a truthful self assessment and outlining an approach that fits in the parameters you've got for trading or making an investment in the markets. Perhaps you can day trade, or perhaps you are like me with little time to dedicate to finding good stocks to purchase.
Whatever the truth, you've got to do what does it for you and realize you can trade effectively with no regard for what kind of time you have got to put in to it.
I will use myself as an example. In most years there are significant time periods during which my schedule of travel and other commitments prevents me being overly active in the markets. One particular year I added a six week trip between the end of May and the early part of July in to the mix as well. During the course of that year I did a total of about a dozen trades in the stock market. Want to know my return for that year? It was more than 200%.
Now you may be thinking this is an enigma. It is not.
Over about an eighteen month period between 2002 and 2003 I was able to double the value of my retirement account trading stocks ( I had to double it to make up for the thrashing the mutual funds I had been in previous to that had taken ) always using a way more conservative approach than in the example above. Again, that was done on a comparatively low number of trades. In actual fact I do not usually make that many trades in any particular year. If I am getting extremely far above 20 it's rather surprising.
Obviously , I am not a day trader. I don't get into and out of positions swiftly. My method is one I have formed over time which permits me to find stocks with good upside potential that I haven't got to constantly watch. The positions I put on are planned to be held for weeks, if not months. That is the timescale when the biggest moves happen, so that is the timescale I need to trade.
The strategy I use incorporates all three primary forms of market analysis - fundamental, technical, and quantitative. That said, however, I can go through the stock selection process in a couple of hours, at most. If there isn't anything worth really looking at, the whole thing can be done very quickly.
What's more, if I have active positions on I will probably not be looking to enter any fresh ones. If that is the case apart from a little checking up to find out how the stocks are trading and if there's any vital stories, there is very tiny to be done. I will literally trade my system in only a few hours a month.
Now you could be announcing that I have got a great system. Perhaps I do. It definitely works for me given the inhibitions I operate under with my list. I do not consider it any major secret, though. In reality I printed it in detail in my book, The Necessities of Trading, so you are free to take a glance at it for yourself.
The significant point here is that I was ready to develop a trading style and system that will work for me. Anybody can do that. It's a query of making a truthful self assessment and outlining an approach that fits in the parameters you've got for trading or making an investment in the markets. Perhaps you can day trade, or perhaps you are like me with little time to dedicate to finding good stocks to purchase.
Whatever the truth, you've got to do what does it for you and realize you can trade effectively with no regard for what kind of time you have got to put in to it.
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