Search results

Go get 'em today dawg. Whatever happens, I appreciate you sharing your journey. This has been a really refreshing journal to read and I wish you the best!

A solid fundie guy (not a momentum player in disguise) with a level head and no institutional imperative to play the hot new thing is usually never going to be long the crazy crap that hits the wall in the first place. Even a basic understanding of portfolio management or security analysis is...

Ha. I wish I could. What I have found from discussions with a few folks and a few interviews is that my record is worth nearly zilch to anyone but me. Far from starting my own fund, I seriously doubt I could even get a job doing any trading or research anywhere. Dude, what I have found is that...

So what do you technically inclined folks think about the huge ranges (high to low) and volume being seen in REIT's the last couple of days? IYR is the main ETF. Is an unusually large daily range of movement combined with higher volume a bottoming type of action or does it depend? The last...

yeah it was kinda like that. I made money like everybody else in the last couple of years of the 90's. To be honest I never did much momentum, technical, or daytrading so my returns develop over much longer timeframes than most of you guys talk about. You could say that I am a fundamentally...

Trading is brutal man. In hindsight (I am 37 now) it would have been 10 times easier to follow through on my top rank education and a developing career as an analyst at a major bank. Maybe even more lucrative too by this point. And I am one of the ones who have made it 10 (almost 11 years)...

Not to say the S&P won't hit 1000 for emotional reasons, but from a fundamental point of view, most of the time the market will not stamp a typical multiple on a one or two year cyclical result, but will look to a "core" or normalized earnings #. For example XOM is only trading at a forward...

Sparky brain chemistry runs in my family too, addiction, depression, OCD. I definately couldn't hack the commercial world, and my relationships have been problematic too, (nothing too "Jerry Springer" but just a lot of introversion). One of the main reasons the private trading and related...

I agree with zdreg as well. I mean the Dow is off 20% already. Who here hasn't been thinking about the lousy banking/housing situation (the XLF off nearly 50% at this point), lousy dollar, stagflation worries, energy prices for quite some time? The VIX is up 50% from the low. To repeat the...

I think you would be fine either way- I think you just get in the door where you can, but I think the more presitigious the firm/position the better. Maybe I am reading your question wrong, but imho I wouldn't trade down in job titles in exchange for being closer to "action". Like I wouldn't...

I agree with the previous poster about Mcmillan's "Options as a Strategic Investment". Once you are comfortable with that, the next step up would be Natenberg's "Option Volatility and Pricing". I think Natenberg gets as far into options as one can really get without introducing theory and math...

Sold off today more or less because of the stronger dollar I am guessing.

Looking for folks in the Twin Cities to network with, bounce ideas, partner up with on various projects. I've been trading full time for nearly 10 years. I experiment with lots of things but I have made the bulk of my gains with fundamental factor based models. I am currently teaching myself...

I was born in Vasteras, Sweden and my mother was a Swedish citizen all her life until just a few years ago (though my Dad is an American and I have also always been an American citizen). Most of all my relatives are Swedish as well and I have been there maybe a dozen times during summers. It...

I used to exit early a lot as well. It was probably the biggest and most costly mistake I made early in my career. I would do all the analysis, my research would say this is a $30 stock- I would buy it at $20, freak out when it hit $22 and sell it for smallish profit only to watch it run to the...

I PM'd you. I don't want to bore the crap out of anyone LOL!

I should clarify- I am not a trader so much as a portfolio manager. The S&P benchmark is appropriate- I run a multicap 50-70 position value tilted portfolio. Risk is far less than the S&P for several reasons- the portfolio has a beta of .65, P/E around 70% of the market. Also use hedging...

I am a private trader who manages my family trust. I am a fundamental value guy who has destroyed the S&P over the last five years by an average of 27% annually. I have tried many times (10-15x?) to get a job at mutual/hedge funds, and never have had any success getting so much as an...

When I started out in this business I was a strict fundamental stockpicker type to the point of being a contrarian value player based on Ben Graham and David Dremen's writings. While I could always beat the S&P using this strategy- I beat the S&P quarterly for three years running, beating...

I've really been moved by your journal man and want to thank you for sharing it all with us. Your story has some similarities with mine so I can really relate. Anyway, I wish you all the best. :)