Welcome to Trading In Retirement.
Trading tips and strategies for retired people wanting to preserve and grow capital
Are you close to retirement or retired? Do you wonder if you could trade the market yourself and do better than average? Then perhaps this site will help.
If you are trading now, I hope to offer fresh ideas having learned a thing or two (some the hard way) over the years.
Note: Everything you ever needed to know about trading is available for free on the Internet. There is nothing new. Trading has gone on for centuries. Basic principals have remained the same. So yeah.. I might be rehashing well know observations here but adding my own use of them. You might see a few things that should work but don’t. Trading should be fun and reasonable simple. The important thing is preserving capital while making a profit. Like any business. If you treat it like a mini-business and enjoy it, it will be worth it.
Should I Trade After Retirement?
That depends on a lot of things. Mostly financial. Do you have some capital you can afford to lose if the worst should happen? Do you have the skills needed? Would you be able to trade using proven strategies and leave the emotions out? Trading can be very profitable. A reasonable good trader can easily return 20+% on his capital annually. And by compounding, it can grow faster.
Also you need to determine your reasons for wanting to trade. Is it because it is exciting thing to do and a challenge? To earn income from your capital, or maybe just to grow your nest egg. Those are the things you need to consider.
How Much Can I Make Trading in Retirement?
This is a complicated question but here are some thoughts: It depends on a couple of things:
- Your available capital
- The margins you get from your broker
- Your knowledge of the market and trading strategies
- Your discipline to treat trading as a business
Given a reasonable positive answer to those questions – there is no reason one cannot return 5-8% of capital a month. Trading is a very fluid animal. And yes, of course it is risky. A good trader will try to reduce risk as much as possible. And increase the probability of a trade as much as possible with the information available.
It also depends on your needs. If you need to take profits out of the trades – that is ok of course but then you cannot expect to increase your capital. If you trade to increase capital – then you will enjoy the exponential growth because the higher the capital the more you can put in per trade.
Who am I?
My name is Ingvar Grimsmo. Born and raised in Norway – now living in Ontario, Canada. My purpose for this site is to share one of my great passions. Trading.
I have been fascinated by trading since about 1993 when I looked into futures trading. I remember getting paper charts in the mail weekly and made decisions on a weekly basis.
Just to be clear.. I have not made a fortune. No Ferrari in the garage. All I wish to do is to share some knowledge gathered during the past 25 years or so. And my current research and experiences. In the hope that you can trade a little better – and safer. I love research. I dig into things that are my passions. I re-started this site December 12, 2017 after ignoring it for a couple of years.
I do NOT claim to be a guru by any stretch of the imagination – but I am retired (=no job) and actively trading.
Here’s the big lesson I have learned in the past 12 months: I am a little better stock trader that FOREX. I have grown my modest account well into the double digits by percentage this year. How? Luck, sure. Yes, the market has been positive. But I partly credit this result with a couple of things I have learned – research, chart reading and money management. I will share these thoughts with you. The future is anybody’s guess. But with some knowledge and strategies I plan to at least return in the double digits in the future. If I don’t, trading is a waste of time.
What is the purpose of this site?
To filter out the clutter and provide down to earth trading information and advice as it relates to after retirement traders.
This site is NOT for people wanting to score big day trading. It is for people like me clinging to my capital, trying for a reasonable growth and trade because it is very interesting and challenging.
I also want to review and recommend trading tools and brokers. Over the years I have been with several brokers and used a number of trading tools and software. There is so much crap out there it is no wonder day trading has a bit of a bad reputation.
You will find articles that cover the basics of trading and more advanced material.
Trading After Retirement | Should you Trade after Retirement?
Investment options after retirement | Retirement Investing
Daytrade in retirement
Disclaimer: The information in this website is for educational and informational purposes only. The content is not presented by a professional, and therefore the information here should not be considered a substitute for professional advice. Always seek the advice of someone qualified in this field for any questions you may have.