Stock market losses

Saving Yourself From a Bad Trade

With the stock market looking weaker by the day, and omens of recession coming from every corner of the media, its time to take a look at what to do if you get caught in a bad trade. No one wants to be stuck in…

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Stock Trading Success

Let the Trading Begin

The clouds have cleared and the great weight is lifted. The worry is gone and bright days are ahead. I’m not talking about the weather, but my own mentality.  What is making me so happy? I finally closed out my largest stock position. I had…

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winter sun

Monthly Update

Another month, another monthly update!  I’ve cashed in some assets for the new bathroom remodel, with my bonds totaling to $2,000 and my work stock options for another $4,000.  I then dropped around $5,850 dollars so far on the work ($3,300 for plumber, $1000 for…

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Stock Trading Basics – The Mindset

Trading stocks is hard. You need to guess the right stock, the right price, and the right direction in order to make money. Options are even harder, because the contracts come with an expiration date before which your prediction must come true. That’s four obstacles…

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Stock Trading Basics – Risk Management

As discussed previously, when it comes to trading stocks the second most important thing after having a basic framework for understanding value and trends in the market is practicing sound risk management. This is because trading, like all human endeavors, does not follow any sort…

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Monthly Update

We’ve been in sub-zero weather for a week here in Minnesota and I finally make my reappearance. My apologies for the slow posting period; for a variety of reasons I haven’t been on the computer much.  First, I was striving towards my goal of reading…

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Monthly Update

Time for another monthly update! This month hasn’t been as good as the previous ones (if only that trend would continue forever!), I’m still plugging away and making progress at paying down my debts. My equity wealth dropped this month about $20k due to the…

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Dartboard

Stock Trading Basics – The Framework

There are three things that are crucial to financial independence and early retirement: making money, saving money, and managing investments.  Yet if there is one method of making money that is scorned and rarely talked about in the FIRE community it is stock trading.  Many…

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