“Transparency is the key to prosperity…”
That’s what Kudlow would say, sort of. Anyways, a quick update since I’ve been gone practically a week. If you’re currently in the college circuit, you’ll know that it’s that time again for finals. Even as a PhD student, finals week always seems to suck time and energy out of my life. Couple that with issues at work and I’m sure you can figure out how things have been somewhat rough as of late. But anyways, a couple of points to note.
First, in an effort to be more transparent, and in doing so having a virtual trading journal, I’ll be posting my daily trades here. Mind you, I’m more of a swing trader than a day trader so while daily updates may not have actual trades, at the very least it’ll have my thought processes as to why no trades were made. Weekly recaps will be just that. I’ll have weekly totals as well as the best and worst trade (or non-trade) for that week. I think by being more transparent, in the long run it should help out my trading career if for the simple fact that I’ll be able to share more of my ideas and (hopefully) get instant feedback. Won’t be easy, but if folks can do it (see Virtual Office for example), I should be able to as well.
I have one final exam on Thursday so my time around here may be sparse, especially with the improvements I’ve made in my trading the past couple of weeks. While no earth shattering profits are being made (come on, I run with less than $1,000!), the main goal was to stop the bleeding. If you can stop the bleeding in a bear market, I can only imagine how things may work in a bull market. But the last thing anyone should be is cocky when trading. The market will humble you, be sure about that.





Leave a Reply