Lifestyle Of A Trader
Who Says A Trader’s Life Is Boring?
By Marek W. Stupka | August 1, 2008
Who says that life of a trader is just the same boring I’m-watching-the-charts-again stuff? Lately, I’ve been to a wonderful trip around Florida, first visiting my friends in Melbourne, FL, and then continuing to Daytona Beach (famous rally), St. Augustine (the most ancient US city), Orlando, Tampa, Clearwater, Venice, Miami. Oh, and I managed to buy a new ride there, too…
WOOOOOOOOOOHA! To all of you who sent me personal well wishes - thanks. I’ve really had a blast in Florida! The place was cool. The car is a 25th Anniversary Silver Edition Nissan 350Z with 300hp, and I already drove it all around the Sunny State to check out its real charms. It drives like a beast!
However, a little but very annoying trouble occured when shipping the car to Europe. There have been shipment delays in the port of Miami and it seems it takes these guys forever to ship a single car across the Atlantic and have it cleared through German customs! I had to wait for 4 FULL WEEKS to actually get the news that my new ride has finally left the Miami port. At the moment, the shipment is on the water, and I’m awaiting its arrival to Bremerhaven, Germany. So please pray the car gets on the European soil and safely joins my BMW. Thanks guys. And happy trading, by the way…
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What Do TRADERS Want? (4)
By Marek W. Stupka | July 4, 2008
In the past, I published a successful series of blog articles titled the same as today’s one. The readers response has been amazing …
…since, as it seems, once a trader gets the clear vision of what he or she can achieve by trading, the motivation and enthusiasm to trade the markets better rises high. And fast !!
Today, I do not want to repeat the same basic principles I mentioned in my previous posts when describing the way to achieve lasting profitability from trading. Please comb through the blog archives to read the related articles and capture the few simple, yet very important, rules of thumb.
Instead, I decided to make publically available another one of my educational ebooks (selected from a high number of textual, audio, and video training materials available to my 1-on-1 students). It is titled “The Sound Money Management Principles” and describes the essential money management issues every trader has to deal with when trying to trade responsibly and conservatively. The ebook is yours free. You can download it here. Enjoy.
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What Do TRADERS Want? (3)
By Marek W. Stupka | February 3, 2008
In November 2007, I wrote two short articles on what traders really desire. The response has been amazing! Today, I’ve got new things to share…
As I already mentioned in the November posting, depiction of what you can buy for the trading proceeds has instant stimulating effect on all traders. >>> Wait a minute! We’re in the world’s largest market !! Ours is the legitimate right to plan on buying these things !!!
However - and I believe you agree with me here - it is equally necessary to realize trading is NOT AN EASY JOB (although it might look like one at the first glance)! In the 2-nd article in this series I mentioned that trading means working hard, dedicating yourself to trading, and requires patience and skill…
Today, I’d like to share with you few additional comments on the subject. As a FOREX mentor, I am constantly bombarded with questions (mostly by the novice students) on how fast can a newcomer reach profit from trading and become “filthy” rich.
If you have the same question to ask, let me answer it for you right here, right now. Successful trading, as any other serious money-making activity under the sun, was not “implanted into you” on the day when you were born! Trading skill has to be acquired, learned. It has been the same case with EVERY SINGLE trader I know of, me including. You can’t expect yourself to be a successful trader after just a few weeks of demo trading, having a “surefire” indicator system depicted on one screen and a 10-point list of “bulletproof” advice from a third-class trading guru on another…
The trading know-how has to be learned from the pros. There’s tons of information on trading out there! Analysis, indicators, systems, techniques… And I guarantee you that >90% of that is trash. You have to be able to distinguish trash from the real thing. That’s why I am here for. I do not train others for a living - I TRADE for a living! And I offer my trading advice to selected students for a symbolic price in order to keep in touch with other traders around the world, and share my trading ideas with them. The market is big enough to not get distorted by such common trading practices. I enjoy the connection! And I’m happy to see my students grow into successful traders. > visit GI to know more…
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Trade-free Christmas & HNY!
By Marek W. Stupka | December 23, 2007
Till January 6, 2008 I am not going to be available to you as FX advisor. I will also temporarily stop posting blog updates and render trade signals…
In case you wonder what I WILL be doing: I will finally be taking some time off, doing some skiing, partying, celebrating, and going nuts. Please do not try to IM me. Any email you send from now on will only be answered on Monday, January 7, the soonest.
Have yourself a wonderful Christmas. Don’t forget what this Holiday really is all about. And who. Have a splendid happy New Year 2008! Stay trade-free. Forget about your notebook for a while. Enjoy life! And get some sleep too…
MERRY CHRISTMAS AND HAPPY NEW YEAR 2008 !!
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What Do TRADERS Want? (2)
By Marek W. Stupka | November 28, 2007
It seems that the end product of trading activities is what attracts traders the most. I received a number of replies to the equally titled post below…
Having depicted what you can buy for the trading profits seem to motivate people to actually devote themselves to give the prospect a serious thought. Yes, it is true. We are in the world’s largest market! And ours is the legitimate right to plan on buying these things !!
However, as I already mentioned, it is necessary to realise that trading is NOT AN EASY JOB (although it might look like one at the first glance)! In fact, it means working hard, dedicating yourself to trading, and requires patience and skill. If you want to be successful at FOREX in the long term, and even support yourself and your family on your trading proceeds, get ready to sweat and to drill…
But the benefits are amazing. Once you master the trading with consistent profits, you can literally live and make your money anywhere on the planet you want. You can make your secret dreams come true. Obviously, it will take time to get to this level of expertise (usually it takes 3-6 months). But it is posible. Read my free ebooks to know more…
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What Do TRADERS Want?
By Marek W. Stupka | November 14, 2007
People think of different things when they first get into trading - from buying super fast cars, through launching gigacorporations, to helping others…
I’ve heard a whole range of prospects traders intend to do with the money they are to make on trading (usually, however, it is the money they still don’t have) – from buying own islands, through purchasing holiday villas, to helping defeat poverty in the Third World.
It is absolutely normal to have dreams like these. The market we’re in has unlimited potential. Plus, there are people in this market who really DO live their dreams.
However, it is equally necessary to realize that, in order to reach your goals, you will have to work, and work hard. There is no easy money to be made on FOREX, in the long-term. Sure, you can win random profit once or twice (even without knowing what you’re doing), but so you can in any casino in Monte Carlo, or Las Vegas.
If you want to trade with consistent profits, it will take commitment. Commitment to learn as much as you can, to act professionally, to never stop working on improving your trading strategies, and to not get discouraged by occasional failures. Commitment to dig deep. To activate your every braincell in order to achieve the promise land: Trade with consistent profits.
But don’t get discouraged. Many traders have been able to reach the promise land. Now, will you be the next one of them..? The answer is up to you right now.
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Workers With Probability
By Marek W. Stupka | October 20, 2007
People always wonder what it is like to be a currency trader. How do we actually make our money? How do we tell perfect trades from the crappy ones?
First thing I do when I approach such a curious investigator is to remind him what FOREX trading - or trading any other instrument of the Financial Markets for that matter - is really all about. Trading = working with probability. A strategy game. Like chess, for instance…
I love comparing FX to strategy games, since strategic planning is at trading’s very core. There’s no such thing like a perfect trade, or a 100% winning sequence of moves. Each and every trading move depends on the ones already taken (usually by the major players). And on the ones to come. On the other hand, every trader has own set of tools he or she deploys in trading. The scope of the tools is so wide nowadays that it becomes confusing.
The point is to have the same tools as the pros do. And to know the game well enough to make money on it over the long haul. And believe me - I’m saying this from my own experience - you can’t make it on your own. I too had to learn from experienced traders in order to get where I am now. Every trader needs to grow. Acquiring quality education is absolutely crucial for all of us - if we are to win!
The 1-on-1 Training is designed to give you the best education I know of.
NOTA BENE: Look at the daily chart for EURUSD below. Compare it with my older posts. As predicted, Euro bulls really prevailed in here. Hope you’ve made $$$ on the move.
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Happy New Year 2007!
By Marek W. Stupka | January 9, 2007
Traders LOVE to entertain, and be entertained. It’s sort of an unwritten rule with 99% of traders I’ve met. We just like to party - since we cherish freedom!!
Champaigne, celebrations, and lots of FUN… If, during the NYE holiday, you too have found yourself indulged in these (and probably many more) “earthly pleasures”, there’s no need to worry. You have just shown symptoms of a typical trader.
Yes, it is true, most of the traders I ever talked to gave gotten into trading because they wanted more freedom. Now, I don’t know how about you, but when we analyze our charts and talk about taking our trades at Gepard Investments, Inc., we activate our every braincell, and every damn bit of our attention goes to the trading stuff…
And so, you see, we trade our way out to our freedom. But it’s not always as easy as it might seem. Here’s a good one - you have to hear it: lately, I’ve got a phonecall from an old friend who’s been out of the country for 9 long years. When he returned, he was told that along with a team of traders I’ve been trading currencies professionaly for many years now. He was quite excited about the news, and so he quickly searched for my number and asked me over the phone if trading really is what he’d heard back in Florida (where he just came from) - t.m. playing wild computer games, and get even wilder paychecks!
“Yes, my old friend”, I said to him, “that’s exactly what it’s about. There’s only two catchers to the issue: #1. You have know HOW to play first, and #2. You can’t get your fingers OFF THE JOYSTICK while you play.
In other words, we just can’t afford taking A SINGLE TRADE without making a proper prep work first. We have to stay responsible for our trading, that is if we want to stay responsible for our money ( and the money we manage for others).
And so, along with other active traders around the world, anytime we at GI get a chance to have a break from trading, we just enjoy the moments the best we can.
Hope you’ve had yourself a happy New Year’s jag time…
Anyways, get ready! The new trading year is here! And it seems that 2007 has a LOT in store for currency traders. We will definitely not have time to get bored.
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