The Fluid Trader

This past year has been a strange year for me and I must admit that it has been somewhat of a struggle. I feel that I’m at a fork in the road where I have to decide what I need to do and which course of action sounds best for me and my family.

In all my working career, I felt that I could easily change careers into different sectors (ie. programming to business). As I grow older, I have realized that it is not as easy as it may have sounded.

I have been contemplating which direction to go, Grad School or CFA. Grad school will cost me a lot of money but will allow me to completely switch gears and dive right into the financial world. I do not know if that is a good idea right now as I’m not sure if its worth the money right now. I am also thinking of trying get the CFA charterholder honor. Both will take the same amount of time and I’ve found that CFAs are desired by big companies. One big difference is that there is less cost to become a CFA Charterholder.

I’m still debating and must come up with a solution soon. Any thoughts out there?

Thanks!

I am an individual who has been on a long journey towards trading success. I have been trading since 1998 and have had my ups and downs. The ups were the golden years of the dot coms. I would trade anything in the technology sector or biotech and I would make money. Because this was the beginning of my trading career, I took advice of anyone and did not do my due diligence. In 2001, I bought a few stocks that didn’t do too well and I did the typical hold and believed it would go back up. Why not? I kept making money until now, why would it not happen again? On a dip, I thought that it was a good idea to buy more because I was sure that it would go back up! To make a long story short, I blew out that account and lost over $10K.

That was a hard lesson to take in. I decided to learn more about technical analysis so that I can do a better job at doing my own due diligence. I started reading books upon books upon books and learned a lot about being a technician but I just couldn’t seem to put these concepts together! As I was studying and learning to put my “system” together, I fell into my first mistake, I took the advice of a friend and bought some oil stock which busted and lost over $10K once again.

Even after the expensive education that I received, I pressed forward and continued to study the markets. Many people ask me why I do this. The answer is simple, I have a passion for it. Many people would have stopped after the first account blowout but not me! I think I’m just a gluton for pain! (= I had the great opportunity to meet a a mentor who has helped me and is helping me to understand the markets and price patterns a lot better and he is helping me “put together and distill” all the information and data I learned in the past.

So this will be my journal about my journey to become a fluid trader. I picked this name because no matter what happens, I hope to become as fluid like liquid as possible and flow with the trends!

So sit back, relax, and enjoy.

I will be also writing about other subjects outside of the market.

Hello!

Welcome to the start of the Fluid Trader. I decided that I should build a web presence to connect with fellow traders to share ideas. Please bear with me as I start ramping this blog up. I will be writing about the general markets, technical analysis, and maybe some subjects outside of trading.

I hope you enjoy!