Back in 2008 I took to swing trading as a part time job to supplement income with the intention of building enough capital for a full time income within three years. So over the last few months I've been working towards that end and thought it might be fun to share trades and the thoughts behind them.
For those who know me I have a propensity for blogging and building websites for fun and educational purposes such as Integral Skin Care and Photizo my personal page and blog. There are others one of which is rated number one on the internet in it's category by Alexa.com. but this gives you an idea.
These "hobbies" require endless hours of research and though they are fun to do, they bring no profit. So this last year I decided to focus my attention and resources to something that actually makes money and investing seemed to be the right fit. It requires research, the ability to gather and aggregate many forms of data, earnings, news etc. and the knack for reading the rhythm of the markets or a particular stock. All of which I find a great challenge. So this year I started an account with an online brokerage firm and started with $325. Every month I would add anywhere from $500 to a $1000 and began trading almost daily. Now I have three different accounts and move about $40,000 between the three for short term trading after the this years profits and additional money added. So this blog will be an attempt to share what I have done and what I am currently doing hopefully on a daily basis to log all returns and losses for everyone to see.
I also recently joined up on The Lion as DELTA which you can see in the Portfolio section where I recently won 2nd place in their April Portfolio Contest with a 325% gain in 30 days. So stay tuned to see where this goes as the goal is to generate $250,000 in 3 years or less (Hopefully less :-) with $10,000 in working capital. Sound crazy? Well I just made $7500 last week when I took a week off to trade FT. So having to Trade PT may not result in such a high returns but a return is what we are after!
I’m an individual investor who trades part time. I consider myself a swing trader of momentum stocks with a holding period of anywhere from a few minutes to a day to a month based on technical analysis and MOMO.
I soon discovered how easy it was to make money so I easily became addicted to the rush of making a few thousand dollars in a matter of minutes. But then the market crashed and I then discovered how easy it was to lose money. However I survived and came back stronger having learned invaluable lessons.
"The graveyard of past traders is littered with those who couldn't get the needle out of their arms. Markets can destroy you emotionally, physically and financially. You must keep perspective."
I have since found that my trading style has changed to take what the market gives me knowing that 10,000 others are trying to do the same. So I am on a journey of mastering the markets and learning from the daily lessons of real time experience. Only real market trades can hone your skills, all else is just playing.
Personal Interests
Writing, Researching, Building Websites, Tennis, Personal Development, Meditation, Scuba Diving and Motorcycles.
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