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If you haven’t read Part One of this little two part series, this won’t make a ton of sense. Read it here.
So, yes, this is a marketing blog but bear with me…
Here’s the deal with trading stocks profitably:
- You have to play by the RULES or you lose.
- You do get to make up the RULES.
- However, you don’t get to make them up as you go along.
What I mean here is that there are a million ways to make money trading. Even if you confine yourself to one asset class (ie. stocks) or even a segment (tech stocks), there are endless strategies or ’styles’ that will work.
Really. [click to continue...]
Note: This is a recent post from the previous home of this blog, reprinted here because it’s important background stuff. And because part two is coming this week. If you’ve already read it.. sorry for the dup.
As some of you may know, my first ‘real’ career was as a securities trader on Wall Street.
At age 25, before the dot-com bubble began in earnest, I could see that something big was afoot. I’d read about the ’soaring’ Cisco stock price in the SF Chronicle… and Yahoo, which had just gone through IPO. I hadn’t been ‘online’ yet (apart from BBS’s when i was a kid - remember those?), and didn’t yet have an email address. But I remember feeling that a renaissance was beginning and that I wanted to be a part of it.
Unfortunately for me, I had no MBA. I didn’t even graduate from college. I’d been more interested in traveling the world with my beautiful new girlfriend.
But I needed a way to get involved in what I was reading about each day. Soon, my dad discovered - in Inc. magazine - what would soon become known as ‘day trading’. Over the next couple months, I did my research and packed my bags. I moved to New York and got a seat at [click to continue...]