Last week I decided to get myself a new hobby, collecting stamps seemed a little dull and it’s too cold for gardening so I figured I’d have a crack at becoming a day trader. I set up an online trading account, put $2000 in and instantly knew that within six months I’d be able to retire. Unfortunatly the gods have conspired against me and two trades latter I find myself down $500.
Where did I go wrong? Well, to be honest I’m not sure. But what I do know is I’m not ready to give up, so from here on in I will be logging my trades, my thoughts as to which companies I’m thinking about having a dip at and analysing where I have gone wrong, hopefully there won’t be too much of that though.
At the moment I’m holding 4700 VBA shares, I bought them fror $0.34 and they are currently worth $0.32. I am going to hold them for the next couple of days and if they don’t do much I’ll dump them and have a go at somthing a bit more volatile.
Feel free to comment on my trades and thoughts as I need all the help I can get.
Cheers Craig.
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