Monday, 2 November 2009
Another quiet month for me! Ideas, time out, planning and evolving my sense of self has been high up there on my what I've done list. One thing that I discussed with a fellow Bet Angel user (aka my landlord!) was that once you've learnt how to trade an make money from it, the general skill and ability won't disappear - it just needs refreshing. Many people will want to learn trading as a skill to be able to do to earn some extra side money - this is absolutely feasible, however, you need to have got to a certain skill level to be able to do that. If I were to work once a week, I would quite simply be rusty whenever I trade, but because I have learnt the skills I should always be able to profit from - but only a percentage of my full capability. I'd say it lies somewhere between 25 and 60 percent. Another thing to mention if you are learning - you really need to have worked full-time for at least 4 months at it to acquire these skills! Going half-hearted at something will seldom get you anywhere to being able to compete in the markets. This is because markets can subtly change, and you need to be in the change while it's going on. However, market movements are still fairly predictable, even with the noise of money you see.
October I worked 9 days averaging approximately £1000 a day, which is not good for me, but it was because of the on and off trading I was doing. Not to mention coming back from holiday and a long weekend course, I went on to find volatile, low liquid markets. A few big backers also changing the shape of the markets from what I was dealing with in September!