Financial freedom

Financial freedom is obtained when your income from your assets exceeds your expenses. In order to be financially free in the stock market you must be making CONSISTANT gains. You must also be able to repeat these gains. You cannot simply quit your day job because you made $10,000 your first month. There are a number of rules that you should follow to determine if you are ready to retire. These are my guidelines.

1) You have been trading the stock market successfully for 6 months. You must be able to trade the stock market successfully for 6 months learning to trade in Bearish and Bullish times. If by the end of the 6 months you have not consistantly increased your profit do not attempt to be a professional trader.

2) When you can make money in the stock market when it is Bullish, Bearish or sideways trending. This is a little controversial. There are many hard core bullish traders out there who believe that bullish trades are always present. However, the market will have times when it just crashes. If you only trade bullish stocks you have to just wait out the downtrend.

3) When you can make enough profit off your trades to supplement your annual expenses in 3 months. Why 3 months? Because, the market is unpredictable, making money 1 month does not guarantee that you will make money the next. Be cautious.

4) Finally when you have your own set of strict rules that you follow. Follow them closely and remember NEVER to over position.

These are just a few rules to follow. Only you can tell if you are truly ready to quit your job and have financial freedom. You must learn the techniques, gain skills and have the mind set of a Profitable Professional Trader that you are!

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