Well traders, we are now taking things to the next level! As you may have noticed, we've put Samurai Trading Academy and our day trading blog through a bit of an upgrade recently to improve the experience of our regular readers and members alike. Like the Six Million Dollar Man, we've been rebuilt - better, stronger, faster. It's an exciting time and I'm looking forward to sharing lots of exceptional content with all of you as we move forward.
Day Trading for Work, or for Freedom?
One of my main goals when starting Samurai Trading Academy and our day trading blog was not just to focus on the handful of traders in the STA Training Program, but to put together a high quality resource for everyone with interest in day trading for a living and the freedom it provides. While some people jump straight into the big trading firms, this isn't really the audience I'm focused on. There are certainly some advantages in terms of the size you can trade and the trading costs involved, but is it really worth working 14 hour days at a desk in an extremely high pressure environment? That's certainly not the reason I got into trading, and I'm confident that many of you feel the same way.
No, for me it's all about freedom. Freedom to trade from where I want and when I want to, simply for the enjoyment I get from it.
I have a passion for trading and I do it because it's what I love to do, not because it's my job where I need to grind out hours. Then if I don't feel like trading longer than an hour in the morning, or I want to take a four day weekend? Just do it. Want to travel from country to country for a few months and trade along the way? No problem.
That sort of flexibility is something that has immeasurable value to me and there are many people out there that I know value it as well. It's for that reason that I wanted to put together a site where those who hold a similar passion for the markets and the lifestyle it can provide could come together and build their trading skills. In the coming months I will most likely be doing a fair bit of travel, so there will definitely be some blog focus on the lifestyle of being a travelling trader along with some of the difficult issues you can run into as well.
Taking the Trading Business Seriously
Even though there some great advantages to being a full time trader, I also think it's important that we are honest about day trading and what it involves. Unfortunately, as anyone can tell you who has been around the day trading game for a while, the state of education in the industry is rather poor and it sometimes seems few are honest about what it really involves. Trading isn't easy, there's no "Holy Grail" out there with 99.9% wins and no risk, and because trading is a skill like any other it can take some time to develop.
I believe that it's best to just give the hard truth about day trading because it very quickly tells you who is serious about this business. If someone isn't willing to put at least a solid effort towards their trading goals then they'll never achieve them, so if those people get scared away by a bit of truth then it just saves time for the rest who are committed to being successful day traders. If you're one of those people, then STA was built with you in mind.
The Future of the STA Day Trading Blog
Moving forward, I greatly encourage you to join in what we are doing here at Samurai Trading Academy. Leave feedback here or on our Facebook page, join the STA Newsletter (in the right sidebar of this page) for the exclusive (and free) education and training videos I will be sending out, and if there's content you are interested in seeing on our blog then by all means suggest it! This is a day trading blog for traders, by traders, so it's all about providing you the kind of content that will help you reach your trading goals.
To help accomplish this, in the coming months I plan to put extra focus on some of the extremely important aspects of our business that so many aspiring traders ignore, like money management, dealing with risk, the emotions of trading, and much more. These trading topics are what being a consistently profitable day trader is all about. far more than indicators, systems, or charts full of fancy lines and colors. I'll be happy to share with you whatever experience I can to help you get where you want to be as a day trader.
Growth of Our Trading Community
Meanwhile, things continue to move ahead in the STA Training Program and it's a very exciting time. We have new traders coming into the ranks this month and it will be great to see where their development takes them. At STA, we all have our own goals and trading ambitions, but it's also about community. It's about working with other like-minded people who share you passions and collaborating with one another so we can all improve.
The wonderful thing about trading is that even when we follow the same general approach with our systems, we all see the market with a unique perspective. Small things that may not be noticeable to some are glaring signals to others. Even the newest traders can teach someone with dozens of years of experience, because their fresh vision of the markets isn't weighed down by years of following systems, rules, and ingrained patterns of behavior. This is probably the most exciting part of new traders coming into the program - they will no doubt teach us all a few things and help us fine-tune our methods even further.
Great times are ahead and I thank all readers of this day trading blog for being along for the ride!