So, that’s it. Yet another blow – two actually – to add to my trading journey. My broker informed me that they’re closing down.
Around the time I was slowly getting into stock trading a friend asked me why I don’t consider property development instead. She’s had some experience with it and found it rewarding.
But property is boring, working with builders is frustrating and dealing with tenants is tedious! Right?
“I could kick myself!”
I don’t know how often I have said this to myself in the last few months.
Lately I’ve been busy with other things. So, trading took a backseat. I have been trying to keep a hand in, though, and that might have been a mistake.
I mentioned recently that I have finally started trading Bitcoin. There are two great aspects about this new endeavour:
- Trading is free.
- Bitcoin’s price rise compensates for my losses.
Thus, for me Bitcoin trading is essentially a safer playground compared to my stock trading account; a bit like a soft play park for toddlers.
This is the second time in these first few months of trading that I am forcing myself to take a break. OK, it’s generally time to unwind. It’s summer – time to kick back a little and go for a wee holiday.
They say, you shouldn’t trade when your head is not in the right place. I have closed out almost all of my real and paper trades; just so that I can stay away from it all with a peaceful mind.
And then what?
As far as I can tell, most experienced traders recommend paper trading as a way to test a strategy and learn about market behaviour before risking any hard-earned cash. They also advise to study hard and read loads of books before doing anything. Obviously, that’s all very sensible.
However, is it right for me?