Treating Your Trading Business Seriously

There is a Psychology to taking your part time business seriously. Are you running a trading business or is this just a VERY expensive hobby? I personally challenge you to REALLY answer this question and be HONEST with yourself. All too often I speak with other traders who have a full time job and try to trade and what I hear is astounding. The bottom line of what I hear is that there is no plan, no set method, no trading rules and sometimes no clue as to what they are trying to accomplish or where they are going with their trading. This IS a recipe for disaster and it seldom if ever will ever work out. Who ever heard of ANY business succeeding that did not have a solid plan in place? Challenge number 1. Time! Let’s face it, if you are trying to work full time, manage a family and manage a life, this can be difficult but not impossible. I suggest picking a few days a week that come rain or shine, is the time you devote to your trading business. If you set out to trade for three hour
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