Showing posts with label background. Show all posts
Showing posts with label background. Show all posts

Monday, November 20, 2006

My background

My fascination with the markets began in my sophomore year of college, which coincided perfectly with the now famous Tech Bubble. I had 10k that I received from my grandparents for graduation and proceeded to put all of it into INTC on a tip from my uncle. A few months later, I was sitting on 30k. I felt like I was on top of the world, but I was about to learn the lesson of a lifetime. Easy come, easy go...

Ever since that time I have been hooked on the markets.

I have chosen technical analysis as my weapon of choice. This is because there are tons of genius Harvard fund managers and analysts that can run numbers like nobody else, but who can't even beat the S&P on a year to year basis. Technical analysis and intuition are powerful weapons when handled correctly. I currently find myself in the beginning stages of mastering this type of trading.

From July 05 to April 06, I worked as a private trader spending my days trading from home. The comforts of home was one of many things that drew my attention away from trading. These also included having a lot of free time to meet up with friends, go surfing, hang with the girlfriend, etc. By the end my focus had evaporated along with most of my trading account (had lost about 30k in that short period of time).

This stage could be best summed up as an emotional roller coaster going "from the heights of euphoria to the depths of despair."

Now I am working at a full time job where I can trade periodically throughout the day.

My trading account will be going towards my wedding which is coming up towards the end of this coming year.