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David from CT

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Everything posted by David from CT

  1. Hello all, I'm David (Smith) so one of the three or four 'David S' in chat. I live in southwestern Connecticut. After a career of 30 years in IT, including consulting and development work, I had just grown weary of dealing with clients on a daily basis. I too have a finance degree as others have mentioned here, but after that fateful first job out of college, I was well down the IT path. Have always had an interest in the markets, and based on proximity to where I live have many friends that are full-time Wall Street types. Started reading and learning about day trading in the Fall of 2016 and began trading exactly a year ago today, so Jan 10th 2017. Would love to say I was a huge success, but had a couple of day trades that I turned into "investments" because I couldn't let go of the loss the day I entered the trade. Only to liquidate months later with much greater losses. By September, outside of my two big mistakes, I was more or less breakeven from a gain loss perspective but my p&l was bad because of commissions. Needed to change up things and looked around for some additional reading material and found Andrew's book. Really like how unassuming and down to earth his approach is and accessible to new traders. Signed up for chat, classes and sim where I traded Oct-Nov-Dec. Back live now in January and working towards consistency. My biggest enemy right now is overtrading, and that is my primary objective for the next few months, take only well thought out trades and don't jump into anything. Really like the chat community and look forward to hearing more about your successes and challenges as we all build our trading competency. Cheers.
  2. One additional take away I had from Trading in the Zone, was that the market is not responsible for my success. The market is not a thing that can be blamed. Take responsibility for all of your trades. Limit the loss on ones that don't go your way and extend profit on the good ones.
  3. Excellent trade Robert! Just another example of watching the right stocks, and not giving up on them when they don't produce an opportunity immediately at open. I have had trades like this before and it reminds me that patience is a critical skill. Thanks for sharing.
  4. I'm in, live in sw CT. No problem coming to City. But agreed, after dealing with the snow and cold this past week, would love some warmer weather.
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