There is an unfortunate belief among many people that doing well in the stock market (and other markets, for that matter) requires a great deal of work and loads of time. This is partly a function of those in the markets wanting to make what they do seem complicated, and therefore exclusive. The reality of the situation is that you do not need to dedicate your life to the markets to produce 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 ready to double the value of my retirement account trading stocks ( I had to double it to make up for the thrashing the retirement funds I had been in before 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.v in actual fact I do not typically make that many trades in any specified year. If I am getting terribly far above twenty it's rather strange.
Clearly, I'm not a day trader. I do not get in and out of positions rapidly. My strategy is one I have formed over the years which allows me to find stocks with good upside potential that I don't have to constantly watch. The positions I put on are intended to be held for weeks, if not months. That's the timeframe when the largest moves happen, so that's the timeframe I want to trade.
The method I use incorporates all 3 primary kinds of market research elemental, technical, and quantitative. Having said that, nevertheless I'll go thru the stock selection process in one or two hours, at most. If there is not anything worth actually having a look at, all of it can be done extremely swiftly.
What's more, if I have active positions on I can often not be looking to enter any fresh ones. If so, except for a pinch of checking up to find out how the stocks are trading and if there's any significant stories, there is very small to be done. I'm able to literally trade my system in only a couple of 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 crucial point here is that I was in a position to develop a trading style and system that will work for me. Any person can do that. It's a query of making a fair self assessment and outlining an approach that fits in the parameters you have 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 reality, you've got to do what does it for you and realize you can trade effectively irrespective of how much 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 ready to double the value of my retirement account trading stocks ( I had to double it to make up for the thrashing the retirement funds I had been in before 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.v in actual fact I do not typically make that many trades in any specified year. If I am getting terribly far above twenty it's rather strange.
Clearly, I'm not a day trader. I do not get in and out of positions rapidly. My strategy is one I have formed over the years which allows me to find stocks with good upside potential that I don't have to constantly watch. The positions I put on are intended to be held for weeks, if not months. That's the timeframe when the largest moves happen, so that's the timeframe I want to trade.
The method I use incorporates all 3 primary kinds of market research elemental, technical, and quantitative. Having said that, nevertheless I'll go thru the stock selection process in one or two hours, at most. If there is not anything worth actually having a look at, all of it can be done extremely swiftly.
What's more, if I have active positions on I can often not be looking to enter any fresh ones. If so, except for a pinch of checking up to find out how the stocks are trading and if there's any significant stories, there is very small to be done. I'm able to literally trade my system in only a couple of 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 crucial point here is that I was in a position to develop a trading style and system that will work for me. Any person can do that. It's a query of making a fair self assessment and outlining an approach that fits in the parameters you have 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 reality, you've got to do what does it for you and realize you can trade effectively irrespective of how much time you have got to put in to it.
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