The Journey

If you read the short introduction of what this blog is about then all of you should know that I am a full time student. I have always had a interest in the stock market and always wanted to be as great as Warren Buffett. I used to read about his accomplishments and how he got started. About three weeks ago, I started searching the internet about day trading. I came across this guy named Tim Sykes. Tim Sykes is a trader and is well known for his penny stock picks. Tim Sykes took $12,000 of his Bar Mitzvah money and turned it into 1.65 Million dollars by his freshman year in college. This was quite a story, but could it have been true?!? That is crazy right? But it was true, it is a great story and everyone should look him up on YouTube. He may seem cocky and annoying at times but the truth is, this guy is a marketing genius! Well anyways, after doing some research on him, I came across this website.(http://profit.ly/)  I did some research on it and turns out, it is a legit website for transparent traders. Transparent meaning that all of their trades are verified! You can see how much they have earned and each and ever single one of their trades. I also created a profile on this website and will be posting every single one of my trades on there. http://profit.ly/user/patel94shyam

I was instantly hooked on the idea of becoming a day trader. Day Trading gives you the freedom you want and the life that you want. You can travel anywhere in the world and all you need is a computer and internet to do your job. If you are good at it, it also can make you lots of money! I decided this is what I want to do for the rest of my life! Then I met Nathan Michaud from profit.ly. He is one of the gurus from the website and also has one of the most successful traders chat rooms out there. It is called InvestorsUnderground. The subscription is a little expensive but it is definitely worth it for the full time traders out there. Nathan Michaud also has a DVD for everyone who wants to get into trading. It is called TextBook Trading. The first day I bought the DVD, I watched the whole thing. I am actually watching it the second time and I swear that you learn something new every time! I have considered Nathan to be my mentor in this long and rewarding journey. After watching this dvd I have learned the tools I need to succeed in this market. He teaches you the essential patterns to go Long and Short! I am a new trader but I do know a lot of the terms and rules of the stock market. I have not become comfortable Shorting yet but the Longs, I can do all day! I believe to have learned a lot from his dvd but I am not going to go out just yet and blow my money away. I want to prove to myself that I can do this without losing a lot of money. I have had a TDAmeritrade account for a while and I have downloaded their ThinkorSwim platform. They offer you a free paper trading account with 100k. Obviously I won't have 100k to invest when I really start so I have reduced the account to 5k and see where that takes me. I hope to write on this blog everyday and hope to improve my trading skills. I will be posting watchlists, charts patterns, and also the trades I make on my paper trading account. I will hopefully start trading live during the summer when I have a lot more time to research and study. Hope you guys enjoyed this blog and come back for more! Feel free to email, tweet, or add me on facebook! 

Email - shyam.patel94@gmail.com

Twitter - @Patel94Shyam