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Trading Full time with just a funded account is like launching an outdoor business in UK, you always hope for the weather to be good, but you know it sucks most of the time.
For anyone wishing to make it in Trading and aspiring to be a “Trader”
Trading Full time means that you will FREE up 90% of your day.
Most attempting trading full time get lost in that extra time, become lazy, lose a routine, don’t develop habits and lose the plot.
Start overtrading, change the strategy and eventually give up.
So How do you start trading Full time?
First, Make sure you have an actual strategy! Tested over a significant period of time min 6months of solid data.
Secondly, think of Trading as leverage. How are you going to leverage it? Figure it out beforehand.
Want to launch a business? It’s the perfect time to do so.
Launching a new venture requires something you are going to have in abundance: Time.
Third, how much resources do you have to last? Answer is not enough. So as much as you don’t like the idea, keep a part time or juggle around some jobs you can be in and out.
Remember 90% your time will be free, the last time it was, you were on a beak between school holiday and you were doing f* all.
This will keep you active, and can solve 50% of most traders biggest hurdle, the financial pressure.
Finally, your job now is going to run a company. Your Life is the company, becoming a trader will force you to become efficient with your time.
So prepare for it, cut out anyone wasting your time like they waste your money because they are. You run a business that cannot afford to waste it s capital.
Learn how to be the Boss and employee, why?
The boss is here to give clear direction, the employee to follow simple instructions.
If you can’t create one or follow the other you will get stuck, the company will move slow or not move at all.
Trading will then suffer.
One more note on routine, you re not doing all of it to gain free time and be a prisoner of it (doing nothing like a zombie)
A healthy routine is Not being a prisoner, Not being able to have one or create one is.
Consider, a physical activity Gym, walk, run.
To sum it up as a Trader it’s best to have these in your Trading life.
- Routine
- Daily Physical activity
- A business (running)
- A business (to set up)
- A trading strategy with 6months data
- Capital (50K min) or Funded accounts
Also a Big one that can change everything, a circle of people you can exchange with on a similar level!
Forget about the BS, wake up, place a trade and be done with the day.. This is the Miami dream.
Good luck
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