Kahibah, Australia (PressExposure) January 27, 2012 -- Trading the stock market can be an emotional roller coaster and there are only a small percentage that really master it.
Stock market trader and best-selling author, Justine Pollard, said trading can be extremely stressful but it was possible to manage the stress and determine how demanding you wanted it to be.
Being a day trader for example, is very different to being a long term investor, said Mrs Pollard.
One of the keys is to incorporate trading into your life and create a trading style that suits you, otherwise it will just be another added stress, she said.
You cant day trade the markets if you have young kids at home or a full-time job.
It just is not possible to make money from day trading if youre in that situation.
You need to be realistic.
The best way to trade is work out the time-frame of trading that suits you and create space and a clear plan for it in your life.
Mrs Pollard said the five key ways to do this are:
Consider how much time during the day you have to devote to trading and create a style around this
Create a place to trade that is quiet and clear from distractions
Select an instrument that suits your personality and time frame of trading for example foreign exchange trading is very different to trading shares
Develop a trading plan so that you have a clear guide and set of rules to follow
Look after yourself, as you are the most important part of your trading. That means eat healthy and exercise.
Mrs Pollard said she had incorporated trading into her lifestyle.
I have two young children and spend less than half an hour a day trading the markets.
I have a system set-up that scans the market for me and creates a list of shares for me to choose from based on additional trading rules I use.
Once I select a share I have a calculator I designed that tells me how many shares I can buy.
Then it is just a matter of adding this trade to my spreadsheet and managing a stop loss on the trade, which is my exit point that I adjust as the trade moves my way.
It is a systematic approach and I developed a trading plan and style that suited my lifestyle and made space for it in my life, away from interruptions.
So whether you are a Mum or Dad, employed full-time or part-time, or possibly even retired, you too can develop a trading approach that suits your lifestyle.
Justine Pollard, mother of two, shares all her trading systems and strategies through http://www.smarttrading.com.au.
She bought her first shares when she was 18 and has been trading the stock markets full time for over a decade.
She is a sought-after trading mentor, speaker and best-selling author of the Top 10 Best Selling Finance book Smart Trading Plans.
She has mentored hundreds of traders over the last decade.
To get your top 10 tips to Smarter Trading visit http://www.smarttrading.com.au
High resolution images and interviews are available on request
Phone: 0421 314 446
More information: http://www.smarttrading.com.au