Wednesday, May 13, 2009

What's been going on

I've spent the last few months or so traveling down different paths -
- developing a simple real estate investing tool, helps make a decision on whether a particular property is a financially worthwhile investment. Stopped working on this because I got it to the point where it's useful to me. Future - develop it into a website to help small real estate investors.
- developing a simple trading system (in the context of the stock market). Stopped working on this for two reasons - frustration with the tool, and then total information overload to the point of analysis paralysis. I've learned more since I left this project and think I can get past the frustration around the tools, and have ideas on updating my simple system. (note, I didn't say it was good, just simple :-) )
- internet marketing - tried my hand at affiliate marketing, but I think this is just not me. I'm of the opinion that I really need to market my own site, not someone else's. I've found tons of great tools, information resources, etc. This is definitely on hold until I have a site that I'm personally invested in to market.
- forex trading - this is where I've been spending a lot of my recent free time, going through educational materials, and doing practice trades on a demo account. Looking into forex robots, signal providers, as a way to get into the market without having to learn much about it....ha! I've learned a lot about my impatient style, and am learning to trust my trading instincts a little more. So...rather than entering a trade on a positive chart indicator, and then jumping out as soon as there's any sign of a loss, sticking with it for a while to see how it all plays out.

The few times I've traded my plan (either chart indicators or news) I've had a profit. The rest of the time I've had losses.

Added the link lists on the side of this blog.

No comments:

Post a Comment