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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'm going to use myself as an example. In most years there are serious time periods during which my program of travel and other commitments stops me being excessively active in the markets. One particular year I added a 6 week trip between the end of May and the early part of July in to the mix also. In the course of that year I did a total of 12 trades in the market. Wish to know my return for that year? It was more than 200%.
Now you may be thinking this is an enigma. It isn't.
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.
Obviously , I am not a trader. I don't get into and out of positions speedily. My method is one I have formed over the years which lets me find stocks with good upside potential that I haven't got to consistently watch. The positions I put on are planned to be held for weeks, if not months. That is the time period when the biggest moves happen, so that is the timescale I would like 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 generally not be looking to enter any new ones. In that case, aside from a little bit of checking up to see how the stocks are trading and if there's any important news, there's very little to be done. I can literally trade my system in only a couple 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 important point here is that I was able to develop a trading style and methodology that works for me. Anyone can do that. It is a question of making an honest self -assessment and defining an approach that fits within the parameters you have for trading or investing in the markets. Maybe you can day trade, or maybe you're like me with limited time to dedicate to finding good stocks to buy.
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'm going to use myself as an example. In most years there are serious time periods during which my program of travel and other commitments stops me being excessively active in the markets. One particular year I added a 6 week trip between the end of May and the early part of July in to the mix also. In the course of that year I did a total of 12 trades in the market. Wish to know my return for that year? It was more than 200%.
Now you may be thinking this is an enigma. It isn't.
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.
Obviously , I am not a trader. I don't get into and out of positions speedily. My method is one I have formed over the years which lets me find stocks with good upside potential that I haven't got to consistently watch. The positions I put on are planned to be held for weeks, if not months. That is the time period when the biggest moves happen, so that is the timescale I would like 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 generally not be looking to enter any new ones. In that case, aside from a little bit of checking up to see how the stocks are trading and if there's any important news, there's very little to be done. I can literally trade my system in only a couple 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 important point here is that I was able to develop a trading style and methodology that works for me. Anyone can do that. It is a question of making an honest self -assessment and defining an approach that fits within the parameters you have for trading or investing in the markets. Maybe you can day trade, or maybe you're like me with limited time to dedicate to finding good stocks to buy.
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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