Showing posts with label KC Insights. Show all posts
Showing posts with label KC Insights. Show all posts
,

3 Rules for Stock Trading

Sunday, June 7, 2009 0 comments


I've got a lot of my own personal rules in trading, but I think there are three important ones I've learned over the last year:

1) It's my money, and only I pull the trigger. I can't blame anyone or any organization for my decision to buy a stock.

2) It's my patience (or lack of it) that usually gets me into trouble. I recently lost tremendous gains in AXL, OSCI, CTIC due to my lack of patience.

3) It's my risk factor, and only I know what I can afford to lose. If you are in hysterics all the time, you need to find a new hobby or job.

I think we all have to understand that this is summertime, which is historically the worst time for stocks. We can possibly take smaller gains and be happy, or wait for larger gains and wait awhile (and sometimes it will be a long while). I have a goal, and I will achieve it, despite my frustration at times. Read the full story

 

,

Becoming a Full-Time Trader

Thursday, May 28, 2009 3 comments


Have you ever dreamt of staying at home to work? Dreading that drive to the job? Tired of the boss, and all the office politics? How about the minimal two weeks of vacation and maybe you get some personal time? Sound good? It does to me to.

Fortunately, I have the ability to multi-task, and am able to trade at work. Don't know how long that will last, but I'm thankful for the time I am able to research and study the market trends, the blogosphere, and all the tidbits on what is happening in the world of finance. I have often wondered what I would need to trade full-time, and be able to free myself from the daily routine and restraints that a public job have. So here's my "to-do" list before I decide to walk off the job:

1) Have enough funds to pay off all debt. This one is a biggy. You do not want the restraints of a mortgage payments, car payments, and credit card payments if your income is uncertain.

2) Save enough for two years of your salary. This would be untouchable funds. In a savings account or something with minimal return. This is essential if you have a family, and you are the sole provider. If you are single, you could bring it down to a year.

3) An office or designated place for trading. This would enable to you to focus and keep concentrated on the markets and all the trading activity. You won't successful being a full-time babysitter and stock trader. You'll miss good opportunities.

4) Don't forget health & dental insurance. I haven't researched this out, but this would be an essential must-have, and will be expensive.

5) Don't forget about taxes. Yes, Obama is ready to take your profits. Nice guy, but he & his predessor have led/are leading our country into bankruptcy.

6) A Disciplined Strategy. You must have a defined strategy. Mine is 25% unless the trend is in my favor. And you must execute with a disciplined frame of mind.

So in a nutshell, here's my formula:

Stock Cash minus (Debt + 2 Yrs Salary + Insurance + Taxes) = Stay at home fulltime
Read the full story

 

Every Average Stock Trader's Dream

Sunday, April 26, 2009 0 comments


Been a little behind this week - started taking some classes (non-stock market related), so my schedule is abundantly full.  But I am committed to laying out my path of success, and hopefully this will enable those that haven't been actively involved with the stock market that there are true financial gains that can be achieved, and everyone can benefit.  

I'll be adding a Twitter widget, so you may be able to see my most current moves, and be able to act accordingly.   Covestor is typically a day or two behind, but yes, my account is up 393% since March 17, but even more so, I made many gains since the beginning of March that are not inclusive here.   I've started with a small balance, $600, and transformed it in less than two months to $18,000.  I'm not a get-rich-quick scheme.  I'm just a middle-class young investor and I have many ambitions, and working for someone else my whole life is not one of them.  I want to enjoy my life without the restraints of a 40-hr week, two weeks of mediocre vacation days, and office politics that exhaust you of your plans and goals. 

I don't have all the answers, and I don't profit from anyone reading or posting on my site.  My sponsors are free banners and widgets that just enable traffic to the site, and possible interest to a vareity of alternative opinions.  I want us all to succeed, and hope you can help as well.  If you have good insight or opinion on a particular topic, feel free to send it and I'll post and reference it. Hope this week will be a good one for you and me. 

Read the full story

 

WALL STREET SURVIVOR

Wednesday, April 8, 2009 1 comments

Please check out the link here for Wall Street Survivor.  It has a great beginner's game that even I like to play.  It gives you $100k and although it's not real money, it helps you trade as if it was.  I wish found this before I traded real money.  Read the full story