Monday, December 7, 2009

Woodcreek's annual update...

After a year of investing, I've learned a lot. I've made some good trades, some bad trades, but most importantly I've made some money!

I finished the year up 55% after fees! I was able to turn roughly $2,350 into nearly $4,100! If fees weren't included, that gain would have been over 83%. Lesson learned there, trade larger dollar amounts rather than making a number of smaller trades.

I've made the shift from trading good stocks and balance sheets like Buffet, to trading on hunches, to trading on indicators like MACD. I've had success with each of these styles, as will as some misses with each. I've also found a couple stocks that I've had success trading and plan to keep doing so. So far, I'm liking trading Dow and Skyworks, but I keep an eye on lots of other stocks like Kroger, GE, Citigroup, MGM, Ford and Manitowoc to name a few.

Here's to many more years of successful trading to come!