A lot of you know that, before my current job as a daytrader, I was climbing up the corporate ladder at an engineering firm. Like most big companies, we had plaques and cards with grandiose mission statements on them. Something like: “We will provide exceptional value to our customers via superior technical solutions [...]
“I need a drink.” And I didn’t mean water… Breathing quick and shallow breaths, I made futile attempts to massage out the tension in my neck and shoulders. My shoulder muscles in particular were burning from the prolonged strain. My fingers were tapping nervously on the table almost as fast as [...]
“Ok, you wanna go up? Fine! Let’s go up!” It was December 29th, 2005, and I covered a losing short on Energy Conversion Devices, Inc. (Nasdaq: ENER) for a loss of $166. I had other losing trades in motion on Alkermes, Inc. (Nasdaq: ALKS) and Under Armour Inc. (Nasdaq: UARM), and the [...]
“I am a genius!” I was salivating over all the money I was about to make. This was the first trading idea I had put together on my own. Didn’t see it in a book. Didn’t see it in a magazine. Nope. This one was mine!
You are now reading [...]
I’m going to start writing a series of articles that I call Evolution of a Trader. In it, I’m going to dredge up some boneheaded thought process I used to employ, tell you how it worked out (I’ll give you one guess since I just told you it was boneheaded), and tell you what [...]