In the middle 1990's I began to seriously study the stock market. I had always wanted to do serious market trading but was not sure how to start. I began by buying all kinds of how to books on the subject. I was sure there had to be a better way than just buying a stock and holding on to it forever and hopeing someday it would be worth more than I paid for the original investment. My searches soon found me reading books on "day tradeing", and I knew I had found my nitch.
In 1997 I had to retire from my job in law enforcement due to a health problem. I owned at that time two businesses in addition to my regular employment. One of those businesses was an "Office Coffee Service." I began to seriously work this business and soon it grew to a profitable point and was worth more to my competitors than it was to me. The company was debt free, so I sold the busin
ess in September 1998. I had already opened an online stock market account with Etrade and had put a small amount of money in the account. In October 1998 when I received my second installment check for my Coffee Service business I put $20,000 into my account and began serious tradeing. By January 1999 I had over $300,000 worth of stock in my portfolio. I was off to the races.
During the next year I learned many valuable lessons, some of which you need to be aware of if you are going to become a serious market trader. That is what this blog will be about. In it I will also mention from time to time equities I have an interest in. Don't let the word "interest" deceive you, it may not necessairily mean I own the equity, but may indicate I have begun serious study of the equity for future possible acquisition either in the equity itself or an option. Further, the option interest may be either a "call option," or a "put option." Keep watching as I progress with my blog.
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Sunday, November 25, 2007
Posted by
Kermit Robertson
at
1:42 PM
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