Like every bloggers' epic first post, I'll describe the reasons for this blog.
I'm young, have a great job, and after the recent market armageddon (think October 2008) I decided that I can't simply trust investing in a 401(k) with a random Mutual Fund to acheive my financial goals. I've decided to venture out into the vast (and quite confusing) world of the stock market.
After reading quite a few other trader's blogs, I've been inspired to track my trades and thoughts from the very beginning. On some advice, I've created a thinkorswim account and will fund it with $6,000. It is a taxable account, and if I do well enough I will probably open an IRA as well down the road.
My primary focus will be on selling naked puts, covered calls, and positions that are generally short term. I won't be overextending my account and going on margin just yet. So feel free to learn as I do, and leave any comment you may.
Friday, February 13, 2009
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