School of hard knocks, with a strong desire to understand what just happened. Over time things that repeated started popping out at me. I remember them. Some became tips, some rules, some rules of thumb and some special OTC chart patterns. Understanding TA & charts was through study of existing info on the internet and understanding of fundamentals and financials was from reading and or compairing many SEC reports.
I really believe history repeats and humans can learn better from their mistakes then anything else. At least I did. I remembered what I did wrong during the first 6 months, but didn't remember what I did correct, until I lost all and had time to think and evaluate. This took place while trying to save up enough cash to play some more. I was determined to understand and succeed at making money from nothing!
A little story.
The first time I was introduced to trading the stock market. I pulled up to a clients house and he was standing in the middle of his front yard, with a beer in his back pocket, 4 in the grass and his hands on his head. I asked what was wrong and he said. "I've been making a lot of money trading penny stock. Built $2K savings up to $10k. Just lost $9k in 10 minutes. I quit!"
That peaked my interest. How could someone loss $9k in 10 minutes. Started checking the stock market out on the internet. That was just before 9-11 2001. By the time B-man II attacked Iran I was ready to play. Save my $2k up and went after oil fire fighting legion WELL and a small bottled water pink company.
$2k turned to $7k in 1 week. $5Kin week 2. I was hooked. Traded OTC stocks, chased every parabolic run I could find, before I knew what a parabolic run was. That's when I learned how the guy could lose $9k in 10 minutes. My $5k got smaller and smaller, as I held for just a little more out of every run.
This all ended 6 months in when I took my original $2k and went all in on a 3d glasses PR pump & dump story. Again, not knowing what a pump & dump story was, I bought the pump! They PR'd their expected funding loan fell through. The next day it stopped trading. Found out it files for bankruptcy.
And there I was broke !!!
Saved up another $2 and started again in 2003. This time I had
9 months of study and paper trading under my belt. Over the next few years I learned SOOO much following the story line, reading the SEC filings and charting the actions of 1 company. Developed a plan and just keep adding to my knowledge base with every mistake & correct action taken.
2004 While still learning started this message board to pass on what I learned. Still learning and still passing it on.
Theres the story. OH 2007 I stopped being a selfemployed computer/electronics contractor. Installing and training on every thing from cable TV to sound systems, entertainment systems and computer controled house control systems. Closed my advertising design sideline business and have been trading for a living since. All as a single parent of 4 rug rats.
