"A man is not finished when he is defeated. He is finished when he quits."

Tuesday, September 29, 2009

September 29th


It felt pretty great to get back into the markets, if even for 45 minutes this afternoon. I haven't had much time to give to my stock market studies through the month of September. I truly do miss it... mainly because I know that trading is my future. I just have no idea when this will take place. There's a lot of swirling chaos around me which is detracting from my trading education; it eats up my day hours. That's the way life works sometime... I still study charts and blogs in the early mornings and in the early evenings. Mornings are best because I am an early riser and I'm fresh in my thinking.
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HESS was pretty squirrely at the days end so I was looking to scalp a little from it. I took $64 paper-trade bucks out of it with a 3 for 4 win rate. I know that scalping is not my goal, but for now it gives me gains and may be my ticket "into the game." Being able to scrape out some gains from the market is my starting point if I want to leave my old work life behind.
Right now, I am trying to build/prepare my small business for eventual sale. I don't have a buyer but I am focused on putting it where it needs to be to attract a buyer. If and when it does sell, I am going to try trading full-time. It's a big risk for me and Mrs. Bluecollar but it will have to be done eventually. My trading progress and my ability to position my business for sale are the determining factors in this life change. It could take years, who knows. But one thing is clear to me, it will happen eventually.