Lazy Trader client results for Mark Huntley have been magnificent, netting him 66 percent on his account. He lets us in on his (not so) secret methods for success, and why he feels that he can simply ‘set and forget’ any trades he makes.
It is possible to trade successfully using 'set and forget'
Discipline and consistency are required attributes for any trader
Learn to say no to a trade if it is not there
A hands-off approach can work for some
Trading is hard - be prepared to put the work in
Mark Huntley is a long-term Lazy Trader and an active member of the Lazy Trader online community. Even though Mark works full time as a manager at Tesco, he still manages to do extremely well at trading. He is living proof that it can be done spending very little time actually trading, and not having to use too much of your free time. He has made an impressive 66 percent on his account, which is far better than many hedge funds! Mark is rightly proud of his success, and puts his Lazy Trader client results down initially to a couple of ‘golden nugget’ trades that worked out well for him.
Mark did risk a little more than one or two percent on his account, mainly because it was a small account and he felt happy to do so. In order to work on risk management somewhat and get some great Lazy Trader client results, he did only place one trade at a time, a strategy that has paid off handsomely as it turns out.
Mark puts his Lazy Trader client results down to being disciplined in his trading and being consistent each week whilst watching out for opportunities that might work for him. If there was more than one opportunity to look at, the skill in choosing the best one was also highly important.
Mark’s style of trading is what he calls ‘hands off’. He has been following The Lazy Trader principles for a little while now, and this hands off approach certainly works out well. With the pressures of everyday life including a 9 to 5 job, being able to ‘set and forget’ his trades is the ideal situation.
To be able to make money from just a little time spent on a Sunday afternoon looking at opportunities to trade might be out there is perfect. It is actually quite relaxing. This way of working means that Mark only trades the weeklies to get his fantastic Lazy Trader client results.
Mark also feels that it was the limited funds in his account that meant he chose some great, positive trades. Because he had to really think about every penny spent, he did research that others may not have carried out. This gave him a greater insight into each and every trade he took. The gold trade last winter was an example of this; he caught it just at the right time.
Despite his current Lazy Trader client results, Mark hasn’t always found trading easy. It was his discipline that really represented a major turning point. Sitting down each Sunday without fail over the last 12 months, poring over the possible trades he could take, taking his time to find the best ones… it all adds up to success.
Mark attributes his success to actually doing less than might be expected. If he did any more, he might overthink it and then make a mistake, or not trade at all.
To anyone just starting out, Mark offers some tips so that they can have excellent Lazy Trader client results too. Firstly, you’ve got to want it, and you need to be consistent. If not, and you keep going back to it after a long time, you won’t get any better at spotting the right trades to take.
It’s also important to take your time so that you pick only the very best opportunities out there. If you can’t trade one week, don’t trade – never trade just for the sake of it.
Make it part of your daily or weekly routine. Follow the rules and be disciplined and consistent and it all becomes second nature. Remember, it’s not an overnight thing, but if you keep going the results will come over time.