As the title indicates, this is my first post in this blog, and probably my seventeenth attempt to start a blog. Unlike the blogs that I've started in the past, I don't expect anyone to read this one. This is just a way for me to keep track of what I'm doing, and since i'm too lazy to read through excel sheets or word files, I figure this would be the best way to document my meteoric rise from a rookie stock investor who knows nothing about the market and continually loses to a master daytrader who still knows nothing about the market but manages to make a good living at trading it.
A little info about me. After many half assed attempts at having a career, at the ripe old age of twenty six, I have found my true love, daytrading. Actually, it's basketball, but daytrading is a close third. Anyhow, I have one of those accounts where you deposit 3000 dollars, and get 100 to one leverage, a sure recipe for disaster. From the beginining of January 2006, I have managed to only lose half of that amount, which really came in the first month and the beginning of April. After top picking, scalping, not using stop losses, pretty much committing every rookie mistake possible, even after knowing i shouldn't, i have finally decided that it's probably best if i stick to following the trend on my daytrading positions. Of all the strategies I have tired I have found breakouts to be the best, so that's what I'll be doing . I'm tired as I write this, so I'll post up today's and tomorrow's trades tomorrow. Wish me luck on my journey.
October 21, 2006 at 6:26 pm
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best, D