I am a Senior at Indiana University's Kelley School of Business, pursuing a career in investment research. I have experience in private wealth management at Merrill Lynch. More recently I have worked in buy-side fixed income research at a top 40 AUM money manager.
Recent graduate from Bulls on Wall Street and a full time day trader. I have been an investor in the stock market for over 20 years. It wasn't until Stocktwits and Twitter came out that I realized I was missing the boat in the market.
I was your typical Buy and hold kind of guy and I had some fantastic wins. However, I also had some mammoth losses with that strategy. I read hundreds of books, went to investment seminars, subscribed to the Wall street Journal. IBD, Barron's and countless other financial publications. I spent thousands of hours studying and reading about the macro economy and companies I wanted to invest in. I studied company financials, read every article about them, listened to conference calls, looked into management, checked out their product or service all in the hopes of investing in the next Apple, Microsoft, Walmart, early and becoming an overnight millionaire.
Then I started following day traders on Twitter and Stocktwits and I watched these traders make some pretty impressive profits holding a stock for literally 10 minutes or an hour. I actually watched one individual make an obscene amount of money in one stock both on the way up and then on the way down in about 4 hours. The kicker for me was when he concluded his trading in that stock he asked " Hey does anyone know what that company does?" I was floored!! They were in and out in one day and holding a cash position overnight. Not having to worry about waking up the following morning to some negative Press release about one of the companies they are invested in, or the overall macro economy that sends markets or your stock plunging.
It was then that I decided to educate myself and learn this craft to become a full time trader. Now I am blessed and living my dream of making a living doing what I love as a day trader and blogging about my journey. You know you have passion for your job when you are sad that its Friday and you can't wait till Monday.
I AM A NUMBER DUMMY!!
A term I use for the general public MIDDLE CLASS. We are the financially uneducated, unexposed to the stock market and financial investments. Most of us don't even know what the fiscal cliff is. One woman thought it was 70 ft. tall! WOW!
I for one, think we should start teaching our kids financial responsibilities in schools, at an early age. How about a REAL education for once.
Why we need classes like home eck is beyond me. Cooking & sewing?? Read the box & microwave it! I for one support a small tax on investment income to support financial education in public schools. Could help save America.
I'm coming to the game late, so I'm quite aggressive towards growth.
My thoughts on the fiscal cliff?? Shove ur scare tactics where the sun don't shine!!
As for investing, I shoot from the hip. I go with my gut. Common sense goes along way. I don't buy hype. EPS what? What ticker is that?
HISTORY; 20 yrs. prototype machinist. 12 yrs. construction labor, management, owner.
Current; Investments & gardening (yes, profitable..gardening that is ;)
Just a working stiff(Trucker) trying to find my way.
I have learned a few things in my journey in investing
1 You'll screw up.
2 You'll do it again
3 Things will come together if you persevere and the reward will be sweet!
Darren owns ProActive Financial LLC where he provides Financial Planning and Analysis consulting services. Darren's education includes a Bachelors in Economics, an MBA, and a Certificate in Personal Financial Planning.
I'm a small business owner who, relatively soon, would like to unload his small business and live off his investments.
Novice investor, so my questions and/or comments are likely to be stupid.