As most of you know, I trade for capital growth only as the currency markets give
us the opportunity to make fantastic returns on our capital. Being in the
opportunity flow end of day only gives us the opportunity to do this from as
little as 20 minutes a day as opposed to being hunched over a screen trying to
chase 'x' amount of pips for a 'daily target'! After all, you're reaping the best rewards Vs time spent in from of the screen compared to those poor intra-day traders.
What do daily targets do? Put you under undue duress to trade so
that invariable, boredom, anger and frustration trades manifest themselves and
all goes Pete Tong... I know...have been there.
So I have my way of doing things – but also a tremendous amount of
freetime!
So what the hell do I do for income? Automated trading, yes. But also
non-performance based income streams are very important as they have
uncorrelated returns...so that no matter what the markets are doing - you can
still have a form of income from elsewhere.
Being a freelance journo I discovered self digital publishing and
realised than unlike before where I was getting paid per word...I could get
paid for one piece of work TIME AND AGAIN. But this was not just confined to me
- anyone could do this. It was a major breakthrough personally and, after much
research and application, I am now sharing my method to people on how exactly
they can gain decent, recurring income streams from quite literally writing about
what they want, when they want and how they want. Even if they have never been
published before: www.words2riches.com
Check this out and see how you can potentially turn your interests,
vocation, profession or passions into recurring income streams... but you don’t
have to. It’s just an idea for you to keep you away from the charts
over-trading.
Hi Rob,
ReplyDeleteyou mentioned you do Automated trading. Does this include K2A's Income Generator? And if so would you recommend this?
Hey Nick, by all means do the ATM - It's a great introduction although I have decided that I want to be completely discretionary or not at all...I have a deep mistrust of simply programming a computer to trade on autopilot and I want to be accountable to my self rather than at the mercy of a computer, lol.
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