Welcome to my blog. Here is my big adventure into, well, not quite day trading, but more like bi-monthly trading. For those who want to play along, these are not recommendations or advice, and as you should all know, prices of stocks can go up as well as down. I am an amateur, a semi-lucky one, so far.

Background: I started a Scottrade account in January, 2006, with $1000, bought a stock, then added $500 to my account. More details to follow. The method to the madness is inspried by equal parts CANSLIM, and parts voodoo thing called Reverse Scale? with healthy dash of Momentum style investing (speaking of which, my Marketocracy Fund virtual fund is up about $110k from its inception date of July 2005. It's a small cap, highly speculative fund.

Guidelines for myself on this adventure: 1. No Options (too chicken).
2. No short-selling (see No. 1).
3. Start with Momentum stocks from IBD.
4. Float less than 25m (supply and demand, my friend)
5. Not much Institutions in on it (see no. 4) and not too much Insiders.
6. Above 50 day MDA.
7. Good chart.
8. Small cap (less than 150m).
9. Volume double the average.

Sell points.
1. 20% Gain
2. 6-8% Loss.

Coming soon. Details on how I'm doing so far. Which will be interesting, at least to the IRS.