make money in the stock market every day

moved elsewhere

Okay, at the point where I am in my stock trading (options), I’m not there to making money daily yet. My practice isn’t perfect yet and I don’t deserve to use real money yet.

I’ll reopen this when I finish my more immediate trading goals.

That means to get as much training, practice as possible and be slow to put real money on the trades until I can practice perfectly.

One of my goals before I can leave engineering is to consistently make and keep money from the stock market every available trading day that I am choosing to trade. I’ve had to give up some money recently, and that was not a pleasant thing. I’m still in the game, still playing, even though with not a whole lot of money.

I’m learning a great deal, but sometimes in a way I do not want to learn. I think the stock market is a great avenue to make money, but it is not for the weak at heart. It will bring out what seems like every conceiveable emotion one can have. The 2 main ones I’ve had to deal with are fear and greed. These are 2 terrible demons that can destroy a person.

I no longer trade stocks, rather options. There are some risks here, but I think fewer if you can properly assess your risks. Certainly the return is much higher. Meaning, you spend less money with a higher rate of return. How cool is that?

Right now I’m being coached by Ryan Litchfield and I’m learning a lot. He is very technical, which I like, but it also overwhelms me. I’ve taken one of his courses and will be retaking that same course a couple more times as I fly to Washington, D.C. and Tampa, FL for these classes. I’ve taken a class from Darlene Nelson and plan on retaking that class again and another class in February. In January, I’m set to take a class by Markay Latimer. Hopefully with these 3 people, I can learn a great deal to help me earn millions.

I’ve already made over a million dollars. My problem was I didn’t know how to properly manage my risk, hence, ended up losing all that money. Plus, I didn’t know the right people to listen to. I’ve been reading like made, learning.

Some of the tools I use are: Trade Navigator, X-Factor, eSignal, eIBD, WSJ, Scottrade Elite, MyTradz, OptionXpress, Better Trades, Investopedia, Wade Cook, I-Watch, Zacks, Optionetics, Bloomberg, Dedicated Trader, ETA.

It does cost money to take classes and to learn. This all takes time. I started investing about 10 yrs ago. Five years ago I started to learn about papertrading and trading in general. I didn’t start taking real classes & coaching until late this year. I’ve had a mentor over the past 5 yrs.

I’m learning the disciplines of being a dedicated trader for life. Too bad it’s cost me so much, but maybe that is a blessing in disguise. My goal is to earn at least $1M by 30-Sep-2006. I’ve had some setbacks recently, but I WILL get there.

I’m using EMDR (eye movement desensitization reprocessing) and EFT (emotional freedom technique) to get rid of the mental/emotional crap in my life. This is moving me to action. Every day I am spending time learning how to trade better not just from a technical realm, but from deep down. It takes a certain type of person to be consistently successful at trading and I intend to be one of those people.

This has been a long, challenging journey that I know God will bless. It’s been filled with lots of bumps along the way, but I’m confident I’ll get there because I’m doing what it takes to get there. It’s a lot of work, but well worth it.