Strategic Resources, LTD.(fka SGCR)

[Hilander]

JOURNALING:

NOTES FROM MY JOURNAL:

VERBAL CONTRACT:

One professor + one semester + one daily journal = passing grade.

That was the deal. Every student who kept a daily journal for one entire semester received a passing grade. If we didn’t then we failed.

Pretty tough stuff for a small framed 5’- 1” tall technical writing teacher. I can still see her in my minds eye giving us her opinion on how important she felt journaling was.

She laid it out very simple, it was non-negotiable as she stated, “I’ll make it as simple to understand as I possible can. You keep a journal for the entire semester and I’ll give you a passing grade. If you don’t like the deal, then I suggest you go drop the class right now.” Only one student got up and walked out of the classroom. The rest of us took the deal. We had to submit our diaries every Monday morning so they could be checked. I passed the class and since then I've used journaling at various points in my life. Now that I trade stocks, I use it all the time. It’s the best way I know of to help organize my work.

Another professor in government class set aside a few days to talk about the Crash Of 1929 and the Stock market in general. I stayed after class to talk to the professor and learned, he did stock trading on the side as a hobby. Even though I found it extremely interesting at the time I did nothing with it until a decade ago.

What’s my point here?
1. We can all learn a new trade.
2. In order to keep track of all the research, the dd and the cost basis of your stocks, your going to need an organized system. Using a journal is just one part of it. For me this is the best way to keep track of where I am and where I wanna go. If you don’t develop some sort of system to manage all this data, you’ll end up with a huge mess of papers and won’t be able to find anything. I keep lots of research in digital format. Other things, I keep in 3 ring binders. Don’t forget to title the binders edge for easy recognition.

I give you these pointers to start you thinking about what’s ahead. It also helps to have at least one other person to discuss your trading ideas with. Maybe your son, daughter, wife (maybe), friend or associate. Some people join an investment group in their community.

Observation:
When I was building my portfolio, I was focused on buying, not even thinking about selling. I missed several trades because I simply didn’t know what to do. Hopefully, this will give you a better heads up that what I had. Buying is one thing, selling is a completely different animal and it comes in many different forms and colors. Meaning, it can be very confusing until you develop a system on paper of how it should look and what to be watching for.

I have presented enough tools for you to draw your own best conclusions. The information presented here is my best shot at presenting an overall picture of what is involved with learning this business. This is more than enough information to get you started. If I never post another update from this day forward, you have all the pieces of the puzzle to become a successful trader. Now, all you need is to put the puzzle together, get the grace of God and your off to the races.

The only thing better would be one on one tutoring. I give you this information because I wish I’d had someone show me how to get started. This is my gift to you and hopefully you will do the same for someone else someday after you learn the ropes.


Happy Trading,
Hilander