Either I do not clearly understand the rules of my trading system or I am not adhering to the rules. I will have to figure that out.
Friday, January 27, 2012
Bummed
Either I do not clearly understand the rules of my trading system or I am not adhering to the rules. I will have to figure that out.
Monday, January 23, 2012
Need a plan
Two years ago, my husband and I were driving home from a friend's house and discussing our financial situation. We were, and still are both gainfully employed, nurse and engineer, and have 3 children. We had gotten tired of living essentially paycheck to paycheck and both felt that we needed a third income but weren't sure how to squeeze another job on top of the jobs we had and still be present for our children.
I had attempted a few years ago to sell Pampered Chef products, but quickly realized that I am not a sales type of person. In fact, I do not consider myself a "people person" at all, so adding a career in direct sales to my nursing career was doomed to failure. (How many people can I deal with on any given day?) On the bright side, I did end up with some nice kitchen gadgets!
So my husband, who is always thinking, came up with a plan...trade stocks. Initially I was skeptical. I know NOTHING about the market. But, since it was a 2 hour car ride, he was able to convince me and by the time we got home, I was sold.
We spent a lot of time learning and researching and he found us a system that had nice, clear, rules. I am a rules follower so it seems like a good fit.
When the time came to finally pull the trigger and buy some stocks, we bought and the stocks promptly went down. Luckily the system doesn't let you lose all of your money...so we plan to keep trying. Apparently, we chose to enter the market during a VERY volatile time, not easy for learning or making money!
I realize I need a "trading journal" of sorts to keep track of what I am doing, and I would love some feedback on what I am doing right and wrong. It would be nice to have someone to talk to as I try to figure out how to make my fortune as a stock trader!
I had attempted a few years ago to sell Pampered Chef products, but quickly realized that I am not a sales type of person. In fact, I do not consider myself a "people person" at all, so adding a career in direct sales to my nursing career was doomed to failure. (How many people can I deal with on any given day?) On the bright side, I did end up with some nice kitchen gadgets!
So my husband, who is always thinking, came up with a plan...trade stocks. Initially I was skeptical. I know NOTHING about the market. But, since it was a 2 hour car ride, he was able to convince me and by the time we got home, I was sold.
We spent a lot of time learning and researching and he found us a system that had nice, clear, rules. I am a rules follower so it seems like a good fit.
When the time came to finally pull the trigger and buy some stocks, we bought and the stocks promptly went down. Luckily the system doesn't let you lose all of your money...so we plan to keep trying. Apparently, we chose to enter the market during a VERY volatile time, not easy for learning or making money!
I realize I need a "trading journal" of sorts to keep track of what I am doing, and I would love some feedback on what I am doing right and wrong. It would be nice to have someone to talk to as I try to figure out how to make my fortune as a stock trader!
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