Cut your losses & let your profits run....Sounds easy doesn't it? Except it isn't until you have developed confidence in your trading & trading method. In this podcast I'll be exploring this whole concept & reassuring you that confidence isn't something you are likely to have as soon as you commence trading.

Confidence in trading is something that has to be worked at & developed just like any skill or competence until you reach the part of trading where you can truly let your profits run & cut your losses short.

During the week, I have some trading buddies pop round for coffee & it should come as no surprise that during this time away from the screens i get asked some brilliant questions which often get answered & then we are on our way.

This time round I decided it would be a great idea to capture some of these questions & then answer them during a podcast episode so relax, & listen whilst I answer a number of excellent trading questions.

Understanding the reasons behind our quest for trading success is a very important area. From your early beginnings in trading where your reasons may be as simplistic as paying off a few bills towards looking at the future when trading takes on a more important role in your life in respect of the freedom it offers in addition to the experiences you can offer others outside of trading.

In this episode I'll be exploring this area with some key insights into my own journey.

Also today will be a question from the mailbag.

Many people have heard of the 80/20 principle especially in the area of business & sales but how does that relate to your trading?

In this podcast episode I'll be looking a the ways in which psychology/ self development interact with trading method & how the balance can change during your trading career. Being aware of this balance can help you focus during the early stages as well as the later ones too.

Also, in todays podcast we'll be looking at a question from the mailbag & today it is the question of "How long does it take to go full time as a trader?"