This blog is my trade journal. I have started with an original balance of $1,000. Zecco is having a commission free month during october due to bad economy. They said it was their way of helping. So far 5-6 trades later, I have saved almost 30 bucks or so (at 4.50 a trade and .50 per options contract).
As I trade, I will try to catalog the experience as best as possible. I will also try to have some trade ideas outlined and detailed here to help me stay on course and to help any readers who might be interested in reading.
Goals:
- Not to lose the original investment. This maybe be easy sounding but it is very difficult. Many traders lose their original investments many times before they become successful traders. This is why many stock market veterans recommend paper trading, reading, development a trading strategy, developing a money management plan, etc. before starting. I have not done that in a literal sense on paper yet. But I have practiced with practice accounts and felt the excitement and the disappointment of trades going my way or their own way. I have realized the importance of having money left over to play another day.
- To make this $1,000 into $2,000. Not a big goal. Very conservative considering many people have goals such as $1,000 to $1,000,000. My goal is not overload myself with the burden of having to stay in the trade longer to make more per trade to get to a big goal. Just to learn to be consistent and shoot for small trades. Hopefully, keeping a trade journal will also help me in keeping track of when to stay in longer and when to get out faster. When to make the original investment back and keep free securities for playing longer.
- To learn as much as possible about different investment and trading styles.
So begins the journey!