TraderJunkie

TraderJunkie

I am a broke college kid that is trading his way to financial freedom. I don't have much capital or an Ivy league education, but I have a dream of on day waking up and being able to trade as a full time trader. Watch and add your... [more]

I am a broke college kid that is trading his way to financial freedom. I don't have much capital or an Ivy league education, but I have a dream of on day waking up and being able to trade as a full time trader. Watch and add your comments as I have taken out a $2550 student loan on my quest to beat the markets.

TGIF: Rough first month!

Portfolio Value: $1556

I am completely out of all of my positions, I had to get out of EDEN because SOGO was going to sell off my positions if I didn't sell them myself by today (stupid SOGO rule: don't like if you short stocks under $5)

Anyway, my first month is officially over as of yesterday and what a wild ride I have been on. I started out good, had a couple of big losses, built the portfolio back up and again I am back below square one. It has been a huge wake up call, when I was paper trading I was consistently pulling in 20+% a month and now that I am trading real capital I can't seem to figure this market out. I am down almost 40% in my first month, terrible. I am optimistic that the future of my account is going to get back into the green. I am not going to do any trading at all today, I am going to take today and the weekend and re-gain my trading mentality. I will not quit in my pursuit to become a full time trader. I love the challenge of waking up every morning and trying to devise a scheme that I feel is very capable of beating the market. Playing the market is the most challenging and mentally exhausting thing I have ever done in my life. I can't get enough of the market. I am taking 18 credit hours this summer so I can take an investment class in the fall (it has nothing to do with my major and I had to beg the professor to let me take the class because it wasn't part of my major). I am fully committed to my trading and expect GREAT things to happen. *I AM GOING TO TRADE FULL-TIME*
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