TalkingTrading

Chris Tate sets out the reality of full time trading and what sets his financial thermostat and Louise Bedford shares how to handle a windfall profit.Chris TateFULL TIME TRADING is an easy thing to say but a difficult transition to make. And whilst full time traders are internally directed there are a couple of things to watch out for before taking the leap.1.Under capitizationThere is an old Wall Street saying “Scared Money Never Wins.’If you are dependent on the next trade to put food onto the table you are going to generate a host of errors along the way.2. StructureHow do you structure you time, your day, your finances? How do you pay yourself?Boring things like this have to be worked beforehand because once you have made the move - it is too late.Chris’ advice:  Have big goals with money – and with good grace of hard work and all your ducks lining up you will achieve them.How does Chris set his wealth thermostat?The markets are the facilitator of the life he wishes to lead and his inspiration comes from