It's a scary world out there without your Bloomberg, Reuters or any other expensive toys you have grown used to over the years in the cushy investment banking world. Live prices are easy enough to find courtesy of most brokers but finding live (preferably free) News links of similar quality is another story. For the time being my first major modification was to change my trading horizon from intra day to slightly longer term while I adjusted to my altered view of the market and many disctractions that Freedom has to offer.
Instead of intra day price indicators for trading signals I am refocussing on identifying short to medium term thematics occurring in the market. As they say the trend is your friend and this saying has never been more relevant for me than it is now.
Another challenge of being "alone" for the first time is the SILENCE no yelling and screaming, no big tickets, no pulse to put your finger on. Forums have been a saviour, InvestorWeb and CrazyJimSmith are my top two picks so far, but they all have their day.
I have also found my attention is drifting from the leaders to smaller stocks that have bigger percentage moves, mind you playing around in CFD world negates this leverage somewhat.
As for the sunshine and the distractions that freedom has to offer, I am still working on a cure for that, it is summer after all.........
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