The H&R mission is to provide a simple and mechanical way to make a living trading stocks. We strive to find stocks that are poised for a move in a profitable direction and to cycle profits from the market to your pocket as the stock moves.
This isn't theory for me - I walk the walk and developed these strategies out of necessity.
The H&R Goal - To take this journey together to 'Trade for Profit.'
Trading for a Living is not as simple as it sounds. There is a significant learning curve and numerous gurus to sell you the 'Holy Grail.' You must learn to become comfortable with taking small losses; it's the cost of doing business. Like any business, trading for a living involves continued education and money management. Failure to invest in your education can have dire consequences. I encourage you to view this like any other business. It is important to budget business expenses for continued education and stay up to date on all tax consequences. Paper trading is strongly recommended to protect your trading capital until you have gained the confidence and have a proven profit record for your selected trading strategy.
Strangely enough, when faced with what is most assuredly an important decision toward securing our financial future, the majority of individuals easily pass this along to total strangers. In my option, this is either one: 1) A false sense of security in feeling our finances are best handled by a professional, or 2) A conscious decision to not accept responsibility for any potential loss to our portfolio. So far the evidence to support 'professionally managed accounts are less risky' is not there. No one will care as much about the health of your portfolio than you. I welcome you to join me and other like-minded individuals to take control of your own financial destiny. Feel free to contact us at any time: Rick@RickSaddler.com
Rick Saddler - My Personal Journey
I am living the dream! 8 years ago my dream was to quit my day job and trade for a living.
I felt I was ready and getting close to replacing my income from my current job. This didn't happen overnight; I've been trading since 1993.
Ive been an employee and a business owner. Both placed a lot of money in someone else's pocket. Whether it was the company or the tax man, it seemed to be a lot of headache for little return.
I had a dream to quit my day job and learn to trade the stock market and so my journey began. Around 1989, I began dabbling in the market. Make a little money; lose a little money. Rinse and repeat. You get the picture. Bottom line, it was fun and had the thrill of gambling, but not profitable. Still, I enjoyed this process for the next six to eight months expecting to find that one strategy that would hit a home run. At this point, I was no further ahead financially and pretty much breaking even.
I had about $8,000 in start-up capital and worked to develop my own simple, low-risk trading strategies. In a year's time, I turned that $8K into $28K. That was a pretty impressive return until a bad trade lost me $6,500. I quickly took the remaining cash and went house hunting.
While I continued to dabble with my trading strategies, it wasn't until May of 2002 that I became serious about my trading future. I decided to invest in myself and took private training classes from Stephen Bigalow on how to trade with Japanese Candlesticks. This training paid off, and I was back to making profits. Until I began looking for that home run play that would make me a killing, I was tweaking my simple strategies by adding the latest tips shared by the 'gurus.'
Finally I came to my senses and went back to the techniques that made me money. They were easy-to-spot patterns with clear entry and exit points. I could see the same pattern developing in hundreds of charts. More importantly, I could enter with low risk on a short-term trade, grab my profits and sleep well at night.
Today, trading for a living has afforded my family with luxuries that I would not otherwise be able to afford. I trade every day and never forget how fortunate I am. I enjoy traveling and teaching clinics to others who are looking to take that next step to transition to Trading for a Living.