Each year the ASX announces their trading calendar or, more specifically, the days the ASX will be closed.
In 2017 the ASX will be closed on the following dates:
New Year's Day Monday 2 January 2017 Australia Day Thursday 26 January 2917 Good Friday Friday 14 April 2017 Easter Monday Tuesday 25 April 2017 Queen's Birthday Monday 12 June 2017 Christmas Day Monday 25 December 2017 Boxing Day Tuesday 26 December 2017
These dates may be altered so it is always best to check the ASX website for confirmation.
Trading for a living is a lonely career and I believe most people are better off keeping their day job, earning a regular income and trading or investing on the side. You probably didn’t want to hear that if you have just told your boss where to go and followed the advice of an ‘investment guru’ who says you can not only trade for a living but you will be driving a Ferrari in 6 months’ time.
Losers make the best winners – something new parents should teach their children instead of giving everyone a prize just for showing up. It’s no different in the stock market. Learn to lose, or more importantly, how to manage losses and you will be the winner.
Stock trading is a game of mathematics. Your goal is to make the maths work in your favour.
You can be a highly profitable trader and lose more often than not – indeed, some of the world's top traders lose more often than they win. My current winning percentage of trades is just 43% for my Growth Portfolio with an average non-compounded return of 9.32% per annum versus the benchmark of 3.17% .
What's the difference between an amateur and a professional stock trader?
Professional Traders don't try to avoid losses. They minimize losses but do not avoid them. Amateur traders believe they can outwit the market and are constantly searching for trading strategies with a high win-rate.