I realize after my first post that not everyone is starting from the very beginning, many have a base knowledge of investing, stocks, charts and options. So forget the starting line, choose your path based on your current knowledge of trading. And for me, this blog is intended to document and share my adventures in income generation through trading, primarily stock options. So with that said, here I go...
So my financial journey started with the reading of Rich Dad, Poor Dad by Robert Kiyosaki. This was like a light in a very dark place for me, the beginning of peeling back the layer of my thinking to see the world of finances. I then jumped to Rule #1 by Phil Town which really greased the gears of my financial thinking engine. I then did what I'm sure many, if not most "would be" investors would do, Google "how to trade for a living", which resulted in no less than a lifetime supply of material, training offers, opinions and the like to completely spin a person's head around no less than a dozen rotations. But I had to start somewhere so I tried a trading recommendation service (which will remain nameless) but didn't provide the results or contributed to my foundational knowledge of investing so I dropped the service after 90 days. Then, from recommendation of a co-worker, I tried a service called Phils Gang. Phil, while diffenent style of teacher, I non the less learned a lot recarding reading stock charts and just some basic concepts of trading. I'm no longer a subscriber of Phils Gang, but I would recommend it to anyone that would like learn a fair amount about the Markets and trading. I believe the service is $49 a month, but it might have gone up since I was a last a member.
Now I find myself inventorying my trading knowledge and puting it to the test in a paper trading acount with OptionsHouse. I highly recommend you look at open a paper trading account so you can begint to test ideas and establish a solid trading technique(s) that will work with your financial goals, risk tolerance and overall confidence. In a few days I'll be sharing some of my recent paper trades that I've made and discuss their current outlook, i.e. profit, loss etc.
Check back later in the week for an update.

No comments:
Post a Comment