Started studying charts 10 years ago during my "free" time (remember that?) - had the "aha" moment... - and keep learning from it as time passes. Social Security and 401K's aren't gonna cut it probably and nothing's getting cheaper. There is a flow in any market - we are here to monitor the flow - the roller coaster - and it's fun after you learn not to get burned. BTW - you will get burned once in a while...
Energy professional, technology enthusiast, professional photogpraher, program management, new product development, Six Sigma, Seeking investment opportunities to develop a better portfolio and increase ROI.
Lucas Wyrsch is a Networker, Enterprise Risk Management Consultant, Actuary,
He is a Member of the Board of Directors of Ravens Power AG, a company that offers sustainable, renewable and alternative energy solutions for all.
He animates the Swiss Business Club to introduce the concept of Swissness to the global online and social media community!
He administrates Future Power Generation, a think tank in geothermal energy in particular and all kinds of sustainable, alternative and renewable sources of energy in general.
He heads TGC Consultants, a risk management and marketing body to create sustainable long term business results!
Lucas Wyrsch is a life member of Black Stars at Ecademy where he coordinates mastermind groups in business administration.
Zug and Zurich, Switzerland ·
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I own three accounts
.Coverdale for my child's education. Only trade growth/with divs for this account. NO momentum tradin, which I reserve for my ----
MOM account --- short term, i.e. no more than a year to complete a trade (one buy and one sell) using technical charts, calculated and enforced entries and exits, and profitable -- but not take over my precious sleep profitable. Usually I wait for a good stock to get pounded unjustly, and then I buy, scaling out until I reach my targee. Swing trading ok. Day Trading. Profit-taking strategies.
My other account is IRA and it is much like the Coverdale type trading but with more permission to MOM trade.
My most costly mistakes are caused by a change of strategy when I suffer a loss. This has caused me to make a few rules for myself. One is never try to turn a MOM trade into long. It always loses more than just selling at a loss rather than hanging on for a rebound. Must have been faulty evaluation of the data available. Sometimes it's new data, sometimes it's overlooked old data.
Now want to do an option. I've never even done a covered-call. Would like to use my stocks to gain premiums. I think if I'm going to reach my finanical goals before I die, I must have two things in addition to luck, i.e. successful MOM trades. One is DIVS the other is PREMIUMS, Gotta figure this out.
I am a Self-starter in the market, a beginner, I've been studying all I can, about the markets for 2 years. Just want to talk stock, and gain insight with real investors, and the media. I have done enough homework to finally start investing my money.