Author Archives: Charles

About

I am an Electrical Engineer by formation, I currently work as a Unix Systems Administrator and the market and its charts are my hobby. I was heavily inspired by bloggers like Trader Mike and by authors like Dr. Alexander Elder. This is my market blog…

And so it begins

Everybody has to start somewhere right… I am very new to this game but I love technical analysis so far. I have very inspired by several books, including one of favorite “Trading for a Living” by Dr. Alexander Elder. I was also very inspired by current bloggers, mainly Trader Mike who has a wealth of information on his blog and is just a pleasure to read.

I cannot afford to day-trade at the moment because of the PDT regulations so I plan to stay in the swing/positions trading window. Right now I am basically working on scans and PCFs on TC2007 and paper trading them to see what I like and feel confortable with. I may give MetaStock from Equis a try before settling on TeleChart. I want to develop decent scans to find 2-3 good setups which I would hold for 2-4 days. Not a way to make a fortune, just a sideline and a way NOT to lose a fortune.

My current trading account is fairly inactive, I am looking for good exits on some positions I was holding for a while. Once I have everything liquidated, I will transfer the assets to IB to try and save on commissions.

I do not plan on doing this full-time ever.