Showing posts with label Options. Show all posts
Showing posts with label Options. Show all posts

Tuesday, April 28, 2009

Dust Yourself Off

If you've been following this blog at all the last few months, you've watched me a:) Successfully profit from shorting 7 stocks in a row (when I stuck to my strategy), b:) Launch a website that focuses on my two passions: missionary work and the stock market, and c:) Completely disregard my strategy and hold on to two stocks that eventually led to a margin call, forcing me to watch my Covestor chart and $ dwindle to a negative % for the year. So what now? Being the movie buff that I am, I will explain how I plan to come back from this trading funk by rehashing a lesson from Top Gun. After Maverick, a fighter pilot for the Navy, loses his best friend in a training exercise, he finds it very difficult to fly again. He second guesses himself, is fearful, and quite frankly wants to quit. His commanding officer instructs Maverick's 'handlers' to "Get him back in the air- the sooner the better". This is the turning point of the movie, as Maverick comes back with a vengeance and achieves the success he was destined for.

There have been time constrictions lately (ie. still have two full-time jobs, planning the confirmed mission trip to East Africa, and opening another trading account), but I absolutely plan on keeping this blog alive. To bring you up to speed, in the past two weeks I've a:) Opened another Think or Swim account in which I plan to use for mission trip income (was already able to withdraw funds from successful FAZ and DDRX trades, as well as my first profitable LULU trade using put options), b:) was given a minor promotion at Target (moved from stocking to human resources- this is my morning job), and c:) Had a wonderful Mother's Day/Birthday with my entire immediate family, my brother-in-law, brother's girlfriend, and my sweetheart of five months, Michelle. Below is a great depiction of what truly matters in life:
From Left to Right: Brother and girlfriend, brother-in-law and sister, me, Michelle, Mom, Dad

Living in Exciting Times,

Evan

Thursday, December 25, 2008

Merry Christmas!

I'm wishing everyone a Very Merry Christmas and Happy New Year!

   My goal for this blog is simple: Journal my adventure in funding a trading account, in which I will eventually be able to bypass the PDT Rule, while successfully funding short-term youth mission trips. Though funding an account is definitely not a new concept or endeavor that countless have tried, I've yet to see a blog detailing how one's profits have benefitted others by way of ministry.

   Apart from trading, I've been involved in another kind of investing- real estate. At the time of this post, I'm sure I don't have to remind anyone about the less-than-stellar returns in real estate over the past few years. Having used funds from my trading account to buy various properties, I no longer have any left to fuel my two passions: Missions and the Market. I will have much more detailed posts in the near future on everything from my likes and dislikes regarding online trading sites (have personally used TD Ameritrade and Think or Swim) and lessons on trading (ie. shorting, penny stocks, options, etc.), to choosing the next country I plan to take youth for a cross-cultural experience. 
   
   Since an extreme few know me in the trading world, this post (though my blog's first) will undoubtedly be unread and probably not referred to in the future. Welcome to humble beginnings. I had planned to start posting Jan. 1st, but alas- my excitement over following my life in trades and travel got the better of me (could have said 'impatience'). I'm also using this post to learn the basics of Blogger and Google's Adsense. Though I'm currently in the design phase of this site, I welcome any questions you may have about me in general, my trading and/or mission experience.