Learning to Let Go...

Applicable to so many things in life but with swing stocks there is little time to sit and feel remorse. Learn and move on. Cant make money watching from the sidelines. It appears trading is 99% psychology for moi.

Go StockCharts!

At last I have signed up for a subscription with StockCharts - So many options and possibilities - just working thru the maze.

Yes- It's Monday!

I love Mondays. It's always exciting to see what the markets will bring and see where my research from the weekend will take me. The challenge for me is organization. Having a 5 year old definitely has helped me get more organized but focusing on one thing in the morning prior to getting him off to school can be difficult. I hazard to say this is one of my new years resolutions bc so many resolutions fall on deaf ears, but it is a priority for me in 2014. Much of the action in the markets happens within the first couple hours and last couple hours of the day. Being I live on the west coast this means most of the morning market activity happens while trying to feed, dress and get a 5 year old ready. This emphasizes the need to be organized and do my research/ make a plan the night before. As I build trading into a business I find myself frustrated that things are not moving as quickly as I wanted, that I am learning too many lessons the hard way and just overwhelmed by how much there is too learn. I read a book a couple months ago that said investing is 80% psychology and 20% knowledge. So true! This has become a hot topic for me and one I plan to study in 2014.

On that note - Happy Trading!

New Year = New Opportunities

In light of my recent close to 2013 in which my account got hammered -70% on CA:ACN, I am scraping myself off the ground and taking the learnings forward. The wounds are still raw and it hurts to say I learned these lessons the hard way.

1. Stay humble. Stay Objective. Nobody can guarantee profits and I am not GOD.
2. Put in stop losses!
3. Take small wins - don't wait for the once in a lifetime chance to make thousands... Bottom line dollars = dollars.

1commit to not invest more than 10% of my total portfolio in one stock - depending on the size of the account. I was working with <$75K, now obviously significantly less.

So despite a very disappointing close to the year I am back in. This time a little smarter than before, better equipped and one day closer to my goal of $40,000 in profits this year.