Catch up

May 10, 2008

I started trading stocks with $300 and with a little luck and absolutely no skill I made it to $500 in one trade. After that I found the TheMarketKid and TimothySykes websites and started to learn their strategy. At first I made some stupid trades and lost $50, but now I have my strategy set and will continue to improve it as time goes on. I currently have 150 shares of MESA. I bought 100 shares at $1.19 and then another 50 shares at $.96. Mesa ended today at $.74 or $.10 down on the day. There is no resistance until around the $.50 range so I will continue to hold until it hits that or begins to show signs of a turn around. Look out for my weekend post as I will outline the stocks I will be looking at for next week.


First Post

May 10, 2008

This is the first post in my new venture to make some money in the stock market. The goal of this blog is to be a successful trader and document every step of the way. I know it is supposed to be very hard with very little money but what choice do some of us have. I will be continuously adding money to my account as I receive it but I will publish every trade as well as the stocks I am watching. If you would like to know more about me please visit the about me page. I am using thinkorswim as my online broker and religiously follow themarketkid.blogspot.com as well as timothysykes.com. These two websites follow the same strategy that I will be using to trade stocks. Both of these two guys are amazing at picking stocks and you can really learn a lot about stocks from them as well as this site.