Trade The Journey

Trade The Journey

Weekly Progress: Little by Little Progress is made!

Hello to All! This past week was a bit smoother compared to the week before. Last week was a bit of a blur. With all that’s happening, this past week was a time for reflection. A time to reflect on the purpose you envision your life to hold. Life is short, too short not to be pursuing what you want in life.

Better Financial times was created to document a journey towards financial freedom. It is my unique journey towards financial freedom. That is what I envision my purpose to be. To share what I have learned so that others may benefit and increase their value.

Sharing not only the good habits I have cultivated but the bad habits as well have proven to be therapeutic. I have developed a clearer understanding of what works for me and what doesn’t.

Little by little I am learning the technical details of price and market structure which make up a market. I’m also learning that the root of the market is supply and demand.

I’m finding that the sentiment among the participants of the market often influences the price more than the actual business. I’m beginning to understand the value of simplicity. Simplicity in your outlook and strategy takes time to develop. Because in order to make things simpler you have to have an understanding of details.

However, if you shift to saving, simplicity is the only way to understand it. Save more than you spend. Each time you think of a purchase consider the future and if this will purchase will continue to maintain its value in the future. These are basic ideas.

The difficulty of applying the basic ideas is in actually doing it. That’s it. Markets are a bit different. Just doing it, can cause you to lose a lot of money. You have to be able to think and do while attempting to keep it simple enough to implement and understand. Although the weeks may sound the same I can assure you the thought process is not.

There is no sweeter joy than revisiting old ideas with the proper understanding.

With that being said, nothing new was created to make this upcoming week go smoother. I also totaled my income and expenses from the previous month which were not too encouraging. A lot of splurging was done last month.

I’ll give myself a “C” for this week.

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