My name is Glenn, I live in Beautiful British Columbia, Canada. I started actively trading in January 2005. I have been blogging ever since, I have also changed blogs several time and my content has come and gone. I am starting fresh again July 2011.
I use my blog as a place to track my trading, share info and maybe even help a few traders along the way. I have no formal training and am self taught, I have made every single mistake possible, I have lost more than most ever would, I have borrowed, I have struggled and fought extremely hard to be where I am today.
Today I trade for a living, I am nicely profitable almost every single month and I have freedom everyday that most wish for. I am doing something I love and enjoy and i am very thankful for that.
Back in 1998 I tried investing. I started with $2000 USD and over the next few years I bought every dot com with every dime I had. I was margined, I used lines of credit, I took out a second mortgage on the house, I opened a trading account for my company using margin too. At the height of the dot com boom, I was up $750,000 USD. Not bad when you convert it to my Canadian Dollar which at the time would have been well over a million. ($1,113,901.00 CAD)
I knew little technically about stocks or the market at the time, I watched CNBC, I would get up in the middle of the night and place market orders for the next day and I read a few books. All I knew was buy and hold for the long term and all I knew was stocks gaining 1000% and $20 a day. That was normal to me, I knew nothing else.
By the year 2000 I never really sold anything, I did not have to, my broker did it for me on the way down. Every day was a margin call. I lost it all. I was 35 at the time. I was able to pay most debts on the way down so I did not get hurt financially. People talked about the bubble all the time, I did not care I was investing for the next 20 years only I did not know I was in a bubble.
Then I wanted no part of the market, I lost interest and never looked at it again until 2005. In Jan 2005 I opened a direct access account and became a trader rather than an investor. I learned about the market, charts, technical analysis, market psychology, and how not to lose money. Learning to trade and make a profit is one of the most challenging things I have ever done, which I like.
Some highflyers I owned were, CMGI (bought in 98), Rare Medium, AOL, AMZN, Netscape, TheGlobe, Infospace, Ebay, Qualcom, Commerce One, Broadvision, Internet Capital, At Home, Dell, EMC, Inktomi, Priceline, RSA Security, InfoSeek, Yahoo, Ballard...some I still owned where the commission to sell is greater than the value.
I like breakouts and pullbacks. I like to short when the time is right. I prefer to swing trade. I only trade the top US names. My charts are drop dead simple and clean. I like to scale into a trade and trail a profitable stop.