To begin, I want to say, I am very excited to start my first stock trading blog. I hope that one day, this blog can be a forum of discussion for everyone, from the young trader to the seasoned professionals, interested in trading stocks.
My plan for this blog is to post ideas as they come to me. Most of them will be quick blurbs about items in the news/blogs that will likely move on hype. These picks, I intend to trade on for very short periods of time.
Once a week, I will post a feature pick, profiling a company to buy or short. These picks will be the reports on a relatively extensive level of research. I have a few ideas to feature for the next few weeks, but I will probably need to start taking requests for industries/technologies to profile. I envision taking a request for an industry of interest from YOU, and returning with a detailed report 1 week later with a stock pick for that industry.
So what’s the point? This is not necessarily advice for trading, more than a medium to record my general progression in trading. Over time, you should see the reports will begin to use more technical analysis and less theory.
I have a background in economics and psychology. My brain is wired to see problems in markets that need to be corrected. I always phrase this as, “I find solutions to the problems others don’t know they have.”
Professionally, I have used various analytic tools of my own design for fortune 500 companies to substantially reduce operating costs, principally in the supply chain field. Currently, I work for one of the world’s premier research and advisory firms which benefits me greatly in investigating a company for investment purposes.
I’m not a trader or stock analyst by profession but I have been trading on and off since 2006. That being said, I have been very successful at making good investments. Only a few years after I started playing around in the market, I tripled my net worth. I made risky plays by trading off volatility and smart plays like buying $AAPL at $89.
I am studying right now to be CFA certified (chartered financial analyst). My more recent successes in trading have prompted many of my friends and coworkers to request that I become their money manager. This is really why I have started this blog. As much as I would love to establish myself as a professional money manager, I don’t believe that I am anywhere near the level that I would feel comfortable trading a friend’s money. That being said, I have established this blog, as well as a Twitter account (@DayTrada) to allow my colleagues to gain insights into my ideas and trade on them if they choose to with proper research.
This blog is a repository for my ideas. It is NOT investment advice and shouldn’t be taken as such without your own proper research.