day trade madness

Sunday, January 08, 2006

Madness, fever, complete insanity, whatever...

Well, I really wanted to call this blog Day Trade Fever, but hey, all the good names are gone.

So here I am, unemployed, with a bit of money from a redundancy payout. I could put it on the mortgage and save myself seven percent a year - sensible but boring. I could blow it all on art - fun, but not really wise. I could put it in the bank - even more boring. I could go to the casino and put it all on 28 - possibly highly lucrative, most likely a short thrill followed by years of kicking myself in the backside (ouch!)

Today I bought a few shares. No big deal there, but for the first time, I looked really hard at what's available online, even just through my bank's trading interface. I also noticed that two of the shares I bought jumped between seven and 12 percent. In a single day.

I have no trading expertise. I have never read anything by Warren Buffett. I have no special trading software. But I have a plan, an Internet connection, and $10,000.

So here goes. Stick with me: I'll post my strategy, my thoughts, my buys, sells, losses and a running total, more or less. Short-term, the goal is to repay my $10,000 into the mortgage: then, it's to infinity and beyond!

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