Saturday, 20 June 2015

How to become the best Daddy Trader?

To all the Daddy Traders out there, Happy Father's Day. "Mabuhay po kayo".

I was greeted by my wife a Happy Father's day, though my 2 months old baby will not be able to say it, she wave her little hands and continue with her sleep.

My Little Angel, Baby Athena
I took the challenge of being a Newbie Mentor but the truth there is a another side of me as a Position trader and known as the PAM Master (https://www.youtube.com/watch?v=uUtYxIZpMMU) . I trade for a living and manage different investment portfolios.

Today, as we celebrate Father's day, I would like to give few tips that will help you understand the life of a Daddy trader;

First, Cash flows from passive and active income.

Build different sources of income or money machines. Don't rely on one source only. You need a bigger capital, if you want to be a hardline trader, having only 5 digits of capital will not be enough and it will only be a waste of time if you don't have enough volume.

If you made a mistake on your trades, you will be suffering from a dilemma of selling at a loss but if you know that other sources will flow at the month end, it will lessen your worry of not having enough. Related link on creating passive income http://www.newbie.ph/2015/03/how-to-create-another-source-of-passive.html.

Second, Plan every trades.

Planning will be a part of every buy button. Setting your cut loss point and exit point should be part of the plans. 


Third, Separate long term stocks.

As a Daddy trader, I also plan for long term meaning I buy stocks that will be sold after 5 or 10 years from now especially for my Baby daughter's education. 

I have a separate broker's account for my wife and baby. There is no mix up on my portfolio and I don't usually open it every month except I will add a buying power and accumulate my chosen stocks.

Fourth, I invest on my education.

I  read a lot of books and attend webinars online. I subscribed in different newsletters, I keep myself aware of every groups potential move but I don't follow the recommendations without validation process.

I recently enrolled on binary trading program. Aside from online education, I learn everyday from my mistakes, and I try to minimize it on my next trades.

Fifth, Don't be greedy.

The biggest mistakes of every traders is to be greedy. "Tataas pa yan, wait ka lang". If I trade with 7 digits, I don't wait for more than 20% gains sometimes one trade is enough for 3 months expenses.

Last tip, I share my knowledge and I learn to give back, you can subscribe on my you tube newbie channel for free.

Sincerely yours,

Jonathan Ruiz
Daddy Trader

P.S. If you want your knowledge to move on a higher level, this course might be for you ; http://www.newbie.ph/p/newbie-intensive-trading-course.html


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