Wednesday, October 15, 2008

My first post

This blog will focus on the dual goals of discussing daytrading in the current market environment, and incorporating daytrading as a means of generating income while living, and eventually retiring, in another country. I will talk about ways to make a living while seeing the world, and to do so with a relatively conservative approach to both topics.

Let's face it.....daytrading conjures up images of fast profits, and even faster losses. But the fact is that if you can make consistent 1% or better returns on your trades while minimizing your losses to .3% - .5%, you can earn a decent, if not above average, living without risking your capital. And preserving capital is crucial to using trading to finance your world travelling lifestyle. If you can't minimize the damage of a bad trade, you will never make a living trading, and if you can't do that, you need to find another way to generate consistent income.

So, join me in a lively discussion! I'll have input on conservative but consistent trading strategies. I'll also be talking about the different countries in the world that I feel are the best places to retire affordably, but comfortably, and how to combine your daytrading with an international living lifestyle.

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