i_rabbit

AKA - Trading my way to financial freedom.

So what does one do when one comes into some money? The ’safe’ thing to do would be to invest it. The ’smart’ thing to do would be to use it to make more money. This is what separates an investor from a trader. Right now I am playing it both ways by putting my money in the hands of a competent investor who also is a competent trader and mentor. He is showing me the ropes and showing me how I too can learn to trade my way to financial freedom. By the way, that is the title of my first ‘textbook’ on the subject; Van Tharp’s “Trade Your Way to Financial Freedom“. Great read so far and I also highly recommend  Curtis Faith’s  “The Way of the Turtle“, which I liked so much I cribbed the title for a new category.

I haven’t made any trades yet, nor do I plan to for a while, but I am watching the moves of my mentor, studying theory, and contemplating the pros and cons of various systems used by traders.

One thing that I have heard in common from all these sources is that trading is mostly simple to understand and difficult to execute. This is because most good traders will tell you that it is psychology that separates the successful from the broke.

My mentor tells me that my software testing background, combined with my philosophical and spiritual views, should take me a long way toward actually achieving my goals of financial independence.

I plan to share all my own experiences along the way in this new category; “Way of the Turtle.”