The Demo Site

Here in Bolton for a few days for a conference and not been here before and I must say the people are friendly and the Reebok stadium looks great.

OK so this is my second part of my blog and I have had a few questions emailed to me and I will reply to those as soon as I can, in a way its encouraging that people are reading my blog.

Also found out that WTF doesn't mean Why The Face? I have been messaging that to my colleagues, no wonder why I haven't been invited out by them any more! Need to go explain myself... Funny when you think about it now really lol...

Firstly we need to know what type of person you are or will be as a trader so I will cover this over the next few articles on my blog.

Obviously, you want to make money but there are plenty of sad stories, you don't have to look far just check on any of the financial bulletin boards. Some traders even hid the loses from their close ones and effecting their relationships and lives.

Remember NUMBER ONE RULE:
Can you afford to Trade shares? Ask yourself can you take the risk with the money you trade with? Don't lie to yourself, if the answer is no just wait till you have the funds and just play with a virtual trading platform (will touch on this in my blog in the near future)

Also ask yourself the following questions:

1. Can I honestly risk afford to lost a lot of the money I trade with?

2. If I do lose the money can I quickly get that or make that amount of money?

3. Is it money that I have already have and not used from other people, on overdraft or credit cards and etc..

4. And What should I have for lunch? :)

Ok be honest to yourself and see what category you fit in. By answering this you can stop yourself doing any damages to yourself financially and to your lively hood.

Even if you haven't the cash flow just open a virtual play money trading account and gain some experience and just wait till you have the cash flow.

Ok that's enough wednesdays update for people to contemplate and think about till my next update on Friday.

Let's get some market update from me. I am very keen in Nighthawk Energy (HAWK) at the moment reason being as they have started to successfully drilling and have many wells in their project work streams to drill for oil and gas. They also managed to get funding for around £43m and with increased production also reducing debt by cutting operational cost by around 42 per cent. (Please check Nighthawk Energys website for full details)

Another one for this week is Phytopharm (PYM), they are settling down around 20p this week due to the good news of the results of the clinical trial of the Parkinson's antidote last week where it peaked to 36p. They also have other projects running and if successful they will be in a market where £4billion is spent annually.

REMEMBER always do your own research.

Ok remember this blog is starting right from the beginning life of a trader, so look forward to my updates every Wednesday and Friday afternoon.

Alternatively I'm available on email at iamninjatrader@gmail.com to answer any of your questions.
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