For some time I have been deliberating about the next course of action. The last post relating to this was written on April 5th entitled ‘Exposing a larger surface area to increase opportunities‘.
I have managed to secure a basic I.T. contract working in the client’s office that allows me to pay the bills. This contract is a junior position and hence does not require me to be responsible other than to do the work at hand. The hours are 8am until 4pm which allows me to get back to me office before the working day ends. The money suits the position and wont get me rich but it does provide me a ’status quo’ on the cash flow situation enabled me not to slide into debt.
Now that outgoings are covered. I am focusing on winning business and building the company by following up on prospects that did not come to fruition due to the recession. I have noticed that since April the number of inquiries and opportunities have risen and I expect my company will have enough business for me to work full time on it very soon.
I am working on a proposal for a very large company at the moment and if that works out, we will be back in business.
I have been trading using a demo or practice account (see previous post). My trades are winning and losing and I have been bouncing around my start capitol so far. So no where near making a living from trading.
I am learning a lot about economics at the moment in particular about supply and demand and the maths behind the market. I can already see this shaping the way I think about the business world and changing the way I make decisions. I’ll write about this in a separate post.
So all in all, I have covered the downside, working on the upside and making sure I am exploring opportunities and learning.
Life is good.
April 21, 2009 at 1:18 am
Congrats! it does seem that life is good for you!
April 22, 2009 at 2:41 am
While I think economics is a worthwhile pusuits I reckon it will add little to your trading if anything. Economics is great for impressing people over a few beers but economists suck when it comes to being traders. The greatest gift for a trader is technical analysis so please dont get trading and economics mixed up.
If your gonna learn about economics please go for the Austrian school not the Keynesian one which is and always was a con for governments to rob the people through the inflation tax.
johnnyspreadbet
April 23, 2009 at 1:28 pm
I think of economics more in terms of my business. In particular supply and demand calculations and also in terms of savings with compund interest calculations.
Also in terms of a general understanding in the way that our society works as it is the basis of capitalism.
I can defiantely see trends in the IT world based upon supply and demand and this can be used to forecast levels of business.
I agree, it has little to do with spreadbetting or trading usng technical analysis.
I am more interested in the mathematics of it at the momment so I am not sure what you mean by the different schools but I will be sure to look it up.
I dont mind if the Government or banks or whomever are subscribing to an inflation rip off, to me i am only interested in what is actually happening rather than having an opinion. That way, i can make money. Having the opinion of general conspiracy I find is counter productive to business and life.
(Not saying that’s what you are saying, but it sounds like a friend of mine who is big on it and it doesnt make him happy!)
Let the truth set you free!
April 24, 2009 at 1:42 am
Yes I see your point on the conspiracy theory, that is not how it was meant to sound. As I am quite big on following the precious metals I too hear an abundance of conspiracy theories. What I meant to say is that defecit spending always leads to increased inflation. And it is deficit spending and living beyond your means which is a central tennet on Keynesian philosphy. Keep up the blogging.
April 25, 2009 at 9:54 am
Yes, fair enough, I agree with that.
Living beyond your means is just delaying hard work.
Branson says:
Income £100 out going £100.01 =
Income £100 out going £99.99 =
April 25, 2009 at 10:58 am
Just reading up on Keynesian philosophy and I can see what you mean. It was my previous ignorance at what you were talking about that led me on to conspiracy theories.
Thanks for the info. I am going to read more…