Hi,
my name is Jan and I'm from Munich Germany and here in this forum for the first time. I spent all morning, up until now browsing and reading the various topics and I must say I'm totally baffled.
The main reason for wanting to "inform" myself about trading is that I would like to structure my trading methodology. I am an absolute amateur, know very little, if anything at all about trading, structure, styles and methodologies.
I have however been trading for over 15 months now shaving started at the "depressive" end of 2008 I initially invested invested $14.6K into a range of companies I was familiar with, all tech stocks. AAPL, GOOG, ORCL, HPX, IBM and JAVA and continued trading these on a daily basis through 2009. I bought and sold according to hearsay, rumors and information on the internet I traded these stocks on the basis of Google Charts and Yahoo Finance. I must of bought and sold GOOG, AAPL and ORCL 30 times each over 2009, JAVA I bought at the first rumor of being acquired by ORCL.
To cut a long story short I made a small fortune and netted over $185K during 2009, all this without spending to much time and energy, most of which I made on the JAVA - ORCL deal.
I understand 2009 was a "special" year and that 2010 will be different, therefore would of liked to make use a "method" or style.
Anyway I will start of with $35K initial investment and focus on a maximum of 12 stocks, all companies I know about and have experience with as a basis, in these I shall roughly invest 20K continuously. the other 15K will be invested into, well what I see as possible interesting stocks, short term, possibly on a day to day basis, possibly 8-10
My main objective is a minimum average profit of $100 a day with which I will be more than happy, this will be my main indicator for the first quarter.
Up until today, January 18th and from January 1st I have been able to achieve that easily and although I do see possibilities for higher profits at this point in time I first need to "formalize" a system and get familiar with it, once done I will see if I can raise my daily average to a higher point.
I have read through a lot of system and methods and like I said I'm a bit baffled.
so recapping;
Portfolio of 12 "main funds" ORCL MSFT GOOG AAPL CSCO BMC HPQ AMZN EMC STX WDC SYNA AMD INTC
and a further 8-10 of which the following have been identified; F C RIMM BAX SUSQ (more will be added)
Stock trades only; no options, futures, Forex etc.
I have setup an account with IB
Having sold my share in my company I am now a "man of leisure" and have all the time in the world
I enjoy the "vibe" of trading very much
I realize that GREED is the straightest path to failure and loss
I have all the Hardware in place as well as 2 internet connections in a perfectly comfortable environment.
Any pointers here?
Ps. English is not my main-, or even secondary language so sorry for form-,spelling and grammatical mistakes.
Many thanks in advance
Greetings
Jan
my name is Jan and I'm from Munich Germany and here in this forum for the first time. I spent all morning, up until now browsing and reading the various topics and I must say I'm totally baffled.
The main reason for wanting to "inform" myself about trading is that I would like to structure my trading methodology. I am an absolute amateur, know very little, if anything at all about trading, structure, styles and methodologies.
I have however been trading for over 15 months now shaving started at the "depressive" end of 2008 I initially invested invested $14.6K into a range of companies I was familiar with, all tech stocks. AAPL, GOOG, ORCL, HPX, IBM and JAVA and continued trading these on a daily basis through 2009. I bought and sold according to hearsay, rumors and information on the internet I traded these stocks on the basis of Google Charts and Yahoo Finance. I must of bought and sold GOOG, AAPL and ORCL 30 times each over 2009, JAVA I bought at the first rumor of being acquired by ORCL.
To cut a long story short I made a small fortune and netted over $185K during 2009, all this without spending to much time and energy, most of which I made on the JAVA - ORCL deal.
I understand 2009 was a "special" year and that 2010 will be different, therefore would of liked to make use a "method" or style.
Anyway I will start of with $35K initial investment and focus on a maximum of 12 stocks, all companies I know about and have experience with as a basis, in these I shall roughly invest 20K continuously. the other 15K will be invested into, well what I see as possible interesting stocks, short term, possibly on a day to day basis, possibly 8-10
My main objective is a minimum average profit of $100 a day with which I will be more than happy, this will be my main indicator for the first quarter.
Up until today, January 18th and from January 1st I have been able to achieve that easily and although I do see possibilities for higher profits at this point in time I first need to "formalize" a system and get familiar with it, once done I will see if I can raise my daily average to a higher point.
I have read through a lot of system and methods and like I said I'm a bit baffled.
so recapping;
Portfolio of 12 "main funds" ORCL MSFT GOOG AAPL CSCO BMC HPQ AMZN EMC STX WDC SYNA AMD INTC
and a further 8-10 of which the following have been identified; F C RIMM BAX SUSQ (more will be added)
Stock trades only; no options, futures, Forex etc.
I have setup an account with IB
Having sold my share in my company I am now a "man of leisure" and have all the time in the world
I enjoy the "vibe" of trading very much
I realize that GREED is the straightest path to failure and loss
I have all the Hardware in place as well as 2 internet connections in a perfectly comfortable environment.
Any pointers here?
Ps. English is not my main-, or even secondary language so sorry for form-,spelling and grammatical mistakes.
Many thanks in advance
Greetings
Jan
