my dramatic life

Trader’s New Years Resolutions – Rebuild my trading account.

I think my ultimate goal this year will be most importantly to spend less and get into trouble less (ha ha). The end of 2009 and all of 2010 put a damper on my financial situation in a serious matter. Lets do a recap shall we?

End of 2009:
Invested in a media company $14,000 cash + credit
Got used, Got kicked out now $14,000 is worth around $4,000 cash
Purchased used VW Jetta for $8500 cash
1 month later VW Jetta timing belt blew at 70mph – cost $6500 cash
Landed in jail 2010 New Years night for throwing large party
I ended up losing around $4,000 on (renovating business, warehouse, labor)
Landlord kicks my business out —> move to NYC for new start

End of 2010:
Moved to NYC with no savings left to go to school
Over $10,000 in credit racked up in first 4 months
Over $20,000 in credit racked up over entire year
Lost $2,000 in stock market losses (basically my entire account)

Begin 2011:
Positives. Wasn’t thrown in jail for New Years.
Currently have around $25,000 in credit card debt
My OptionsXpress account holds $191 left to trade
No luck in finding a cheap place to buy in Jersey City
Still have not produced one web show
Very creatively unmotivated and depressed
I definitely need help “all around”

2011 Goals!

Well for starters to save more monthly to pay off my debt.
I actually took out a student loan to build up my trading account. Yes I know it sounds stupid but
I need capital to offset risk. I have to admit it’s rather hard trading $500 when it’s the entire account unlike
it’s 10% of $5,000. My goal even with debt is to create an account of at least $20,000. Then I could just trade 5% of my account at a single time. Sometimes I will be wrong and I understand that but if I’m trading my entire account then I’m pretty much have to start all over again. I want to make a profit this year. Not that I didn’t want to make a profit the previous year or all the years before it but definitely a profit even if small would be nice.
I want to trade January. Looks like stocks are going to crash and burn from their highs. I want to be there and earn off the falls. That is my first primary goal. Another goal is to keep my GPA up for my MBA, pass all my classes, and make good friendships with my classmates. They seem nice and forgiving for once. That’s about it for now.
I tried to convince my family to start a LLP Investment Trust but they still weren’t interested. I still think grouping together 5-10 people putting in $1-2k each would lower the risk if everyone student the same 2-3 stocks. I think the experience and knowledge would increase and so would the profitability, but no one listens to a loser. I need to get on the winning side of the trade to prove I can do it consistently.

Family intervention, lack of support, and motivation for those in need – Trading stocks, home-based businesses opportunities, ex.

My middle sister came into town today because her husband’s sister lives in New York City too. I always love to see my nieces and nephews growing up. Family intervention came into play because none of my family, friends, or even business associates support any of the things I’m passionate about. My sister tells me trading stocks isn’t stable, unpredictable, and I can’t create a career from it. For the most part she’s right and I can’t argue with her because I still have not been able to continually trade profitable into a position where I can live off my trading as well as the home-based business opportunities I run. It’s tedious being in a position where no one supports you except the salesman who motivates and supports you to join his business or buy his next product. He isn’t your friend, but he’s your only friend so you continually do anything he says. I can switch this over to drugs. Nobody supports or motivates you to do things you really believe in so you use drugs because your drug dealer tells you it’s okay, everyones doing it, and you’ll feel better. And for the most part he’s right and he’s your only friend while your family belittles you and you have a lack of a support system for you to grow. So I accept that what I want so badly that I always feel is right at my finger tips, but falls through 99% of the time. My sister pointed out as most do that everything I do is something that is “going to get me rich quick”, however what she doesn’t know and everyone else who doesn’t support what I do is that I actively market, advertise, and run my businesses whether it be trading or home-based as a business. It takes work, hard work, they never see therefor think I’m just trying to do some scheme to get rich. It is upsetting and frequently devastating to any bit of confidence and motivation lack still in me. Even practice trading takes a lot of work. No one except myself seeks the thousands of paper practice trades, stock research, and charts I’ve analyzed for plays. Trust me it’s no get rich scheme it’s work that takes lots of time, effort, and study just like any other profession. It sucks having only the salesman as your friend, but he is the only guy that still motivates you to go out and get it. If only family, friends, and business associates were more helpful maybe I would be where I feel I should be today. The road I travel is far less traveled and many of the seeks detour and give up. America wouldn’t be the greatness it is today without all the entrepreneurs and traders who didn’t give up even if it took their crazy ideas 30 years to become realistic things that improved the lives of everyone. It’s a mother fucker but it’s important I don’t give up, ever.

Half way through Alan Greenspans nerdy bibliography – santa claus stock rally

So far Alan Greenspan’s nerdy bibliography has been an A+ in my opinion. It goes into great deal about the U.S. Presidents, economic policy, how nerdy economic men think, and his subtle adventurous life using economic equations to sold world problems. Yes, yea, that’s about it. Fascinating dude. I hope when I’m in my late 70’s I can still be as energentic, fun, and of course stock nerdy too. One thing I’m most curious about is Alan Greenspan’s own retirement portfolio. If he understands with his long equations when the markets will turn then should he be up there with Warren Buffett? Is he a billionaire? I guess sometimes the smartest people don’t really care about money, they just love solving equations. I’m half way through. Not really a hard read, but thorough througout the book on economic policies.

As for the stock market we are beginning our Santa Claus rally which started officially Friday the 21st with a up 200pt close.
Again, my dumbass didn’t buy Apple Inc. (AAPL @ $198) call options like any other stock smartass would of. As you can read I seem a bit grumpy and 100% frustrated with myself as usual. I hope reading all this Alan Greenspan thinking will alter my thought process to become an economic futuristic millionaire. I need it right about now. My trailer park isn’t bring in shit of an cash income, but instead drying up my accounts. Not good. I guess on the more positive note of things I’m blogging out my thoughts again and have been doing my weekly financial checkup as usual and coming to the conclusions that I need to first pay off my car loan. Debt has become a plague on me again. It makes me feel insane, restless, and total mass confusion. You would think getting rich is easy, but it isn’t. You would also think if a person full throttle put himself into every situation to earn more money something right would happen and something would finally work. Well nothing has and I’ve become more broke in the process. I’ve gotten myself out of this disgustingly poor situations before and I plan to do it again. I’ve also market in my stock market diary a significant journal entry. Number 360. 360 full days of journal entries. Awesome for me though I wrote in my journal, “in these 360 days have I become a better stock trader?” sadly I had to answer a BIG “No”. I’m still young, restless, and active so I’m sure within another two years I’ll figure something out that will get me out of my financial crisis I’m always in. I just want to be financially independent not even rich. Just enough income as a middle class work, but without working so I can do whatever the hell I want.

So on the top of all the list for 2008 new years resolutions #1 is currently pay off car which is around $19,000.