After trading with crypto-currencies and obtaining some learns I have created a Robinhood account, which I want to use to continue learning but on a different environment.
Following the V2MOM model:
- Vision: built my own tactics and habits that enable me to trade in a way that I earn some money in a systematic way. The % of growth is not important, the important thing is to be consistent with the number.
- Values: have fun, learn a lot, do practices and more practices.
- Method: learn about trading basis, focus on a set of companies, learn about the market environment, learn about new trading indicators.
- Obstacles: Time.
- Measures:
- Finish the year with at least a 6% growth of the 1000$.
- Read at least 3 trading books.
- Read quarterly reports of at least 12 companies.
Death line = December 2019
The results?
Here I have documented the results of this initiative.
The summary of the measures:
- I finish with a 40% growth versus the reference of 6%, so now I have 1400$.
- I read only 2 finance books: Systematic Trading, and A random walk down WallStreet.
- I only read 3 quarterly reports.