Monday, September 21, 2009

Number one!

Not much in the way of that "I am number one", although I would love to believe that, this is the first post of my blog!  I think I will spend some time to go over the whys, the whats, and certainly the wtf's of this blog.  As I mentioned my profile I am 25 years old.  I don't have any background in finance or economics, I do however have a B.A. in Journalism, however this focus was more so on the television journalism rather than the typed stuff, so I will be learning quite a bit here in all respects.  I do work in finance however, and have my series 7 and 66 licenses.  While I have always had a deep down itch and curiosity about the stock market and trading, it never became fully realized until I was immersed in it.

My plan for this blog number one to be flexible.  After all, I do have a vague journalistic background and however things develop, I want to report things as straightforward as possible.  I want to post my trades, gains, losses and thoughts on them afterwards.  I don't have the time or skill to try to pretend to be an economist so I will try to keep the market commentery to a minimum.  This is more going to be a record of my journey.  Speaking of my journey...this is what I have decided to do:

I recently took out a loan against my 401k, which had somewhere in the ballpark of 14k for five thousand dollars.  I will be using this 5 thousand dollars as the jump start to my trading.  I will report my account and progress, positive or negative, through the blog.  My strategy will be to look for short term trends, swing trades, and momentum trading opportunities, and I will not short any stocks (however I my utilize the double/triple short trading ETFs).  I also plan to do a fair share of reading as well, and probably provide some type of reviews as I finish them, in addition to my daily usual blog reading.

My hope is that in a few years from now this blog experience could serve as inspiration for those on the sidelines asking "what if", or another horror story of getting wiped out.  More simply however... it will be the results of one amateur who decided to "put my money where my mouth is" and go for it.  Fuck it, its just money, after all.

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