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My Trading philosophy – right now
Recently I decided to change my investment strategy from entirely a long term approach to taking a portion of the portfolio and actively trading it. Why? Well, first I am young enough that such an approach fits within my risk profile and second, working within the capital markets (M&A consulting, not S&T or equity) I wanted to lean more about trading. Now I am not trying to scalp or day trade. I have a real job or two that makes doing so impractical. Not to mention such a strategy rarely works for a small fish. Ideally I am looking for the swing trade. A position I will hold anywhere from a day to maybe a week. Part of this involves the market momentum and part technical analysis. Two areas I have very little experience. So, much of my trading right now is driving by a desire to learn. As such, not only am I reading about technical analysis and back testing strategies I am also taking queues from others such as Howard Lindzon, The Fly, and Ragin Cajun. I will continue to add to this list. Most importantly watching these people trade provides some insight into what works and what doesn’t. Twitter is a great use for sharing information. Since many of my trades in the near term may be based on information for these other sources I will refrain from tweeting them that would be repetitive wouldn’t it. Off the learn more about my new adventure.
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