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.