Well it's been a while since I last posted anything on here and you may be wondering where I have been and more importantly how my spread betting has been going. Well about average as far as the spread betting is concerned. I've been really busy (and still am) with my personal life and unfortunately my spread betting has had to take a back seat for a few months. Still that time has almost passed and it's time to get serious about my trading once again.

If you have read anything about me you will know that for the moment full time trading is something of a pipe dream that I will one day make a reality. I think that the vast majority of traders ( or at least the beginners)also only trade part time and it's important to note that you need to make time for trading if you are ever going to make money doing it.

Take my past few months as an example. I went on holiday for 10 days and I did not close out my positions. This was a calculated risk and I decided that the open positions had further potential and I did not want to cut them short. This turned out fine however, when I got back from Holiday one of our cats went missing and all hell broke loose. I spent hours in the morning and evening searching and flyering trying to find her which meant no time for trading what so ever. As soon as she went missing I should've closed my positions as I had no time to monitor them and needless to say they lost me money as a result.

So what is the moral of the story? Make sure you have the time to trade. If you don't it will surely cost you money and it may even put you off from further trades. If you are doing it part time I would suggest a minimum of 30 minutes a day or longer if possible. You will also need to allow time for your on going trading education. In my opinion trading education is never-ending, if you get to a point where you think you know it all beware, over confidence is as bad as no confidence at all. The markets are kind to no one and they will take away as easily as they give.