Saturday, September 24, 2005

Why write about investing

I have finally decided that for me to be successful in trading stocks I need to write a log of what I am doing. I have decided to make my log public by publishing it as a blog. I am doing this for 2 reasons. One to get feedback and the other is to share ideas.

My inspiration has come from a man known as BlackTruck. He as an avid technical investor. He is passionate about ElliotWave. As he says, even in his dreams people are candlesticks. The good guys white and the bad ones black.

Hopefully by writing about stocks, trades, risk anaylsis, etc I will become more aware of what I am doing and become more analytical in my trades. The most important thing is to come up with a framework (e.g. a set of guidelines) that make me feel comfortable when I trade a stock.

Rule #1 - Learn from other people, but apply there knowledge with what I feel comfortable with. Analyzing a stock is as simple or complex as you want to make.

So hopefully this will be the start of a profitable journey that I will be able to have the staminia and fortitude to continue for a long period of time.

1 Comments:

Blogger davea33 said...

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8:34 AM  

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