Trading regularly can help small profits mount up

Wednesday, 9th September 2009 13:30 - by Boredmum

Well, I haven’t been trading much of late. There have been a couple of reasons - one being my beloved laptop is now well and truly dead. It seems the motherboard is ‘fried’; a lesson to one and all to make sure you are using a surge protector. It seems you get little portable ones that are great for laptops. I guess the power surge is also the most likely cause for my house alarm going off in the middle of the night as well. Now, the other reason for not trading much is that I have been pulling investments out. Not that I wouldn’t like to keep them all, but I am having my loft converted so funds are needed. I am just waiting for a few more shares to come to fruition and that will be me. Many are waiting on news, so hopefully when that news comes, I shall be getting out on the upwards movement. The interesting point here is that I am in the process of having my loft converted. It didn’t seem like it was that long ago (9 months to be precise) when I had lost a fortune in the markets. I then made it my priority to first get my losses back and then I could look towards the things that I wanted to get from profits. All of my losses and now well and truly made up, I have moved into profit (although the loft will not be paid from entirely with profits) and have moved ahead. I have learned that flexibility is good and there is nothing wrong with adapting our plans. So how did I get here? Simply by using a ‘little but often’ method. For some reason my outlook changed in January and, rather than wait for huge profits, I decided just to take whatever profit came my way. Sometimes that was only £40 or £50 after dealing costs, with a few good ones closer to £500. The point is that I was pleasantly surprised by taking small profits regularly, which were all adding up nicely. With the exception of some trades recently that have ran in to thousands of pounds, I can safely say that little and often is what has worked for me.