In my last journal entry I finished by saying I was excited to see what happened on Monday. It sure was exciting! The DOW had it’s biggest one day move up since 2009. There was so much momentum, so much potential, so much money that could have been made . . . unless you have Robinhood as your broker.Continue reading “Robinhood Crash”
I’d been watching Ford’s stock closely all of January. It was finally time. I pulled the trigger, buying up 100 shares with money borrowed from my broker, Robinhood. In my post, Is Trading with Margin Safe?, I teased that I would take off the training wheels, trade on margin, and chronicle the entire process. I plan to write a series of posts sharing my thought process, my transactions, and my results using $1000 in margin. There is a lot for me to learn, and my hope is that others can learn along with me. Or at least be mildly entertained.Continue reading “Trading on Margin Challenge – Episode One – Ford”
After four months that felt like four years, I’ve started live trading again. It’s a new year, and I’m excited to start fresh on this new leg of my trading journey. I blew up my original account at the end of August, 2019. As of the beginning of the year 2020, I’m starting over with a whopping initial investment of $150. Thank you Robinhood for making such craziness possible. I know all the conventional wisdom says I should have a minimum of $3,000 to start. (And realistically, more like $5,000.) I’ll get there. However, I wanted to get my toes wet using the new strategy I’ve been paper trading for the last four months.
I start my stock trading journey with a naive purchase of Fitbit and a random penny stock Google search. I trade for a loss, but the learning is a win.
My Robinhood account opened with fifty whole dollars, and I was raring to dive in and start trading. I began naively with a basic level of understanding of the stock market, trading, and investing. In a nutshell, my understanding was that the market was nothing but a steady upward climb with an occasional dip into a valley. I was a working adult during the Great Recession; however, I was living out of the country for much of it. My interest in investing was still dormant. I paid no attention to the market. The only real negative impact I felt was in how challenging it was to find a decent job upon returning to the country.Continue reading “My First Two Trades”
It all started at my wife’s apartment one evening almost three years ago. We had been dating for a few months, and I was waiting for her to finish getting ready before we went out to eat. Sitting on her bed, I was killing time on my phone and thinking seriously about my financial future. I wondered: is there a way I can make money with an app on my phone?Continue reading “I Started Trading With 25 Dollars”