Hi everyone,
I thought I would start a journal as of course, my experience trading is different from any other that I have ever read about, and I thought it may be of at least some interest to a few people here.
For a bit of background, im 21 and graduating from Durham University at the end of June. As with pretty much everyone else I have long considered a variety of career paths, influenced somewhat by the fact i'm the 6th generation in the family business. One thing I know for sure is that unlike a lot of graduates I really DONT want to live in London.
While I've been growing up my Dad has always kept me semi-interested in the markets, I remember him making me some sort of demo share portfolio on either iii or FT when I was about 10, and trying to get me to make some fake money.
Since then my own interests have grown, and for a long time I have enjoyed helping to advise him on his own investments (mainly swing trading within ISAs).
For myself, I have been demo and paper trading various things over various timescales, as well as teaching myself some technical analysis, for the last couple of years.
Around a year ago I decided to try and work out some sort of strategy for day-trading the FTSE, which suits my brain. So, I came up with a plan in conjunction with my past experience of swing-trading.
My girlfriend is also at Uni, doing a masters, and she doesnt finish until Ocotober. That gives me 3 months from 1 July (Graduation) to 1 October.
My plan consists of two things. First, to use my ISA allowance for 2011 to swing-trade FTSE 350 shares. Second, to day trade the FTSE 100 index via spread betting.
This level of investment is an acceptable level of risk considering my total capital etc etc etc.
So, 3 months of trading to decide whether I want to keep doing it. 3 months of trading to perhaps use as an aid in future job hunting.
All my money management systems have already been worked out, my basic strategies have been paper and demo traded, and my ISA swing-trading techniques have been used live successfully.
My plan from now is to refine my strategies, do my one exam i need to hopefully get a good degree, and prepare for that start date, July 1st.
I'll aim to keep this thread updated both as a record for myself, and hopefully just in case at least one person out there finds my experiences slightly interesting! I've gained a lot from T2W so hopefully I can give a little something back.
I thought I would start a journal as of course, my experience trading is different from any other that I have ever read about, and I thought it may be of at least some interest to a few people here.
For a bit of background, im 21 and graduating from Durham University at the end of June. As with pretty much everyone else I have long considered a variety of career paths, influenced somewhat by the fact i'm the 6th generation in the family business. One thing I know for sure is that unlike a lot of graduates I really DONT want to live in London.
While I've been growing up my Dad has always kept me semi-interested in the markets, I remember him making me some sort of demo share portfolio on either iii or FT when I was about 10, and trying to get me to make some fake money.
Since then my own interests have grown, and for a long time I have enjoyed helping to advise him on his own investments (mainly swing trading within ISAs).
For myself, I have been demo and paper trading various things over various timescales, as well as teaching myself some technical analysis, for the last couple of years.
Around a year ago I decided to try and work out some sort of strategy for day-trading the FTSE, which suits my brain. So, I came up with a plan in conjunction with my past experience of swing-trading.
My girlfriend is also at Uni, doing a masters, and she doesnt finish until Ocotober. That gives me 3 months from 1 July (Graduation) to 1 October.
My plan consists of two things. First, to use my ISA allowance for 2011 to swing-trade FTSE 350 shares. Second, to day trade the FTSE 100 index via spread betting.
This level of investment is an acceptable level of risk considering my total capital etc etc etc.
So, 3 months of trading to decide whether I want to keep doing it. 3 months of trading to perhaps use as an aid in future job hunting.
All my money management systems have already been worked out, my basic strategies have been paper and demo traded, and my ISA swing-trading techniques have been used live successfully.
My plan from now is to refine my strategies, do my one exam i need to hopefully get a good degree, and prepare for that start date, July 1st.
I'll aim to keep this thread updated both as a record for myself, and hopefully just in case at least one person out there finds my experiences slightly interesting! I've gained a lot from T2W so hopefully I can give a little something back.
