Back to the Markets

This is the online journal of a reasonably knowledgeable amateur trader.

I have a little bit of background in trading. A few years ago I read every trading book I could get my hands on, including Dr. Alexander Elder, Edwin Lefevre, MacMillan (Options), Jack Schwager, Schaffer, the Turtles and so on. I then traded options for a couple of years with moderate success - profitable, but not enough to make a significant lifestyle difference. My main focus, of course, is on Technical Trading.

For the last two years, I have been out of the market, and am now getting back in!

I like several strategies, but the one I intend to pursue first is the "plunger" strategy. This is a simple strategy of pyramid-in, stop-out, as detailed roughly in the book Reminiscences of a Stock Operator by Edwin Lefevre. Many believe that the protagonist for this book was modeled after the legendary trader, Jesse Livermore.

I'm planning to publish a detailed account of my trading here - not actual numbers, but a blow-by-blow description of general market and sector trends and their impact on general stocks. I'll be listing predictions of the future, and then looking back at those after their time period has passed to gauge their effectiveness.

Feel free to follow along with me, and to add comments if you agree or disagree. I'm primarily writing this for myself, not for generating a readership; if it helps anyone else, then that's a big bonus.

Happy Trading!