Rock Star Trading

About Me

As with most people involved in the market, I began with a little money in mutual funds. Buy, hold and hope. I bought a Series 7 course and thought that I was ready to become a licensed broker but that idea lasted about as long as my first trading account. I took a job and my co-workers said that we had a good retirement plan. The plan maxed out in 30 years and most retirees were getting a lump sum of about $400,000. I guess that’s not too bad but I wanted more. After 6 years in the plan, I had a whopping $7,000 in my account. Time for a change. I changed jobs and now have a much better plan and am able to contribute more to it but I am limited to 5 funds to invest in. I made the decision to learn everything I could about trading. I read books and spent hours on the internet reading, watching chat rooms and trying systems. When I thought I was smart enough, I funded a trading account and went to work. This was July 2008.

I managed to just about blow out my account by the end of September. Selling winners too soon and letting loosers run way to long. “Lord, just let me get back to even and I’ll get out happy” was my bedtime prayer. I was going to trade them all; stocks, options, futures, forex. I was destined to be a money making machine, or so I thought. Well, I traded them all and gave them all my money. I managed to save the account and now I’m in the slow process of recovery. Follow along and see what works………

P.S….For clarification……I have a retirement account with my employer, a Roth IRA and a separate trading account. Most of the trades I will discuss here are from the trading account…..