It feels fantastic, knowing that I do not have to go to class anymore, but it would feel a lot better if I had a full-time job lined up! I will be liquidating a bunch of stocks tomorrow, I'm calling a market top! Not really, I will save the market calls for the weak, I happen to need cash to pay off a few credit cards and to help put a down payment on a new car.
Now that I have finished school, I will be trading differently. No more bets on earnings, no more speculative biotech stocks that will rip off my arms, and no more buying a stock because I'm bored--- I actually did this kind of stuff.
I no longer consider myself a beginner, now that I have 3 to 4 years of experience trading stocks as well as a college degree under my belt. I want to trade smarter, have a well organized plan, focus more on not losing money rather than making it. Don't get me wrong, I will still take risks, just not riverboat gaming risks.
In the last weeks of the month, I will be putting together a new strategy, liquidating a portion of my portfolio, and taking some time off. June 2007 will mark the start of a new beginning for me. I plan to keep a detailed report of my trades and an accurate measure of my performance. Enjoy the journey with me.
Sunday, May 13, 2007
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5 comments:
bored or board. other than that keep up the good work
There was somebody in the Market Wizards series that said that quote, but it was worded a tad better.
Oops, it must be the blue label on sipping on. Thanks for the correction.
Woody,
I think you are right, nonetheless I will give Ducati the spot light.
G'luck my friend.
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