I wanna be a day trader

by RustedBucket on April 30, 2010

It’s been several months since I was let go from my development job of thirteen years. I’ve spent most of that time trying to decide what I want to do now. Having taken a great deal of interest in our own personal finances and management my retirement fund after rolling my 401k into a Rollover IRA, I’ve decided to take a stab at day trading.

Having worked in the financial industry for the past 13 years with not even a “thank you” to show for it, I think it’s time to put some of that experience to use in a manner that can potentially provide an alternative to the daily grind of a “job”. Plus, who doesn’t like making money from the comfort of their own home?

I know, there’s probably easier ways to do it, like spending time at the video poker machine at the corner Gas & Go, or maybe taking a few trips to Vegas. But the way I look it luck and skill stand a better chance in the markets than on the losing side of a Blackjack table.

I’ll be chronicling this adventure here and while it will most likely be a total bust, you never know, stranger things could happen. As a disclaimer for anyone following this mis-adventure let me be clear, I am no expert. I am not an experienced trader, there are elements to this industry I do not understand but I am sure that is the case with many who partake in this journey. You have to start somewhere right? There are plenty of “Hot Stock Picks” site out there, and any number of “experts” one can turn to for money management, paper trading can only do you so much. There’s also plenty of people that will be willing to tell you “it’s too risky” and to not jeopardize your hard earned money. To them I say, you probably don’t want to read my blog then because it will be a waste of your time. For the rest of you that have the ambition and drive to pursue such avenues in order to make a profit I say, “tally ho” and “good luck”.

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