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Monday, February 11, 2008

How to Begin?

Challenge Accounts:

Sharebuilder Balance: $131.14

optionsXpress Balance: $683.49
ING Orange Savings Balance: $2.06

Ok. Good information Airelon. But I want to trade. How do I begin? How do I get started?

Great question. How to begin? What do you start with first? This is the question I get asked more than any other, in emails, pm's, on forums, etc. Bar none. So I decided to make a series of videos dedicated to just that topic. I start off with my own story, that covers my trading experience from 1996 to about 1998 (If memory serves me correctly, I think it was 1998 by the time I got my head screwed on straight). There are a lot of valuable lessons in this little story.

Here is part one in the series:

(Video Included. If you're seeing this entry elsewhere and cannot see the Video? Click This Link ...)

You can find the rest of this playlist here, or permanently linked at the top of this blog . .

* * *

Sharebuilder Balance: $131.14
optionsXpress Balance: $683.49 ($100 Monthly deposit still clearing)
ING Orange Savings Balance: $2.06

Total Trades and Investments: 1
Largest Inter-trade Drawdown: $86.51
Consecutive Losing Trades (Drawdown): 1
Average Drawdown: $86.51
Accuracy Rate: N/A
Average Reward: $0.00
Risk Reward Ratio: N/A

This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research.

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