Monday, 30 November 2015

Into December We March


Reading Time - 3 Minutes

Tomorrow marks the beginning of December and the run up to the Christmas holidays. I can’t believe it’s December again; this year has gone past so quickly!

December is known as a ‘tricky’ period to trade by a large portion of traders. The FTSE 100 is also known for its ‘Santa Rally’, which is just a name given to the higher probability of the FTSE 100 having a positive month for December rather than a negative one.

It’s important to note that during December there will be days marked by very little trading activity. There will also be days when things seem to go haywire and the markets go into overdrive. If you’ve traded the majority of 2015, then hopefully you’re sitting nicely in the positive and your goal should be to keep it that way. As such, just be careful. If the market is rolling along at a snails pace, just close up shop for the day and be thankful for an impromptu day off. If it goes into overdrive and you’re not comfortable with it, again, just pour yourself a cup of tea (I’m showing my Britishness here!) and paper trade. Or better yet, go do something else entirely. Get away from the screen and enjoy the freedom that trading offers you. Can you imagine sitting in an office and turning to your boss and saying, ‘I don’t feel comfortable working today. I think I’m going to go home and sit with a good book and a cup of tea’? I think your boss would have something to say about that, none of it good! But in trading, that is exactly what you can and should do.
 
It really is very important to be able to walk away from the markets when you’re not comfortable. Your main aim should be to preserve capital and hopefully this blog has helped you to understand that over the past year. No capital = no trading career.

Anyway, I’ve come across so many great people this year, all of them aspiring traders who hopefully I have been able to help. The goal for next year is more of the same! I’ve had a couple of practice sessions on the Jedi Live Room now and everything is working as it should be in readiness for 2016.

I hope you have a great trading week!





4 comments:

  1. Just wanted to say thank you so much James for all of your help in 2015. I have been trading for only 6 months now and my aim in that period was not to make profit of course, but it was rather to make sure I don't blow away my account! And you helped me with just that, so THANK YOU! I Wish you and your partner a wonderful Christmas.

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    1. Thank you very much. I hope you also have a fantastic Christmas

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  2. Thanks james. Good reading and informative . Waiting for Live room .

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    1. Thanks J Al. I'll message everyone information in January and then also a link to sign up.

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