Friday, January 14, 2005

First Month of the New Year

Well I've decided to start this blog as a log for the small fund that I manage. It will list the trades I've made and how I felt about each trade on a day to day basis. This way I can reflect on what I've done and how I can improve my trading skills. Maybe someone out there in blog land can give me some advice. Also, since we're in the digital age, I thought it will be better to have a journal on line so I can access it anywhere and update it regularly. Well I've been trading on my own since May 1, 2004, and my performance has been ok. My fund's performance percentage wise is still above my initial capital. However, I still have a lot to learn. My trading style is mainly 80% technical with 20% fundamental analysis. I'm sort of a discretionary trader without any mechanical trading system. However, I do have a few trading rules/guidelines and a risk management system that I adhere to so I won't blow up.
Well since it is a long holiday coming up (MLK) there is no entry until Tuesday.

0 Comments:

Post a Comment

<< Home

Blog Buddies