The MOAM has neglected the Nanepashemet Blog lately as I have taken my attention to learning the nuances of Day Trading during the last three months or so since the beginning of the year.
As you may know, health issues and generally stuff that affects people who have aged have beset me. I had thought that I was immune to the things that catch up with normal people as time rolls on.... but my doctors have told me differently. About a year ago, I fell carrying tools out of the shed and landed on the driveway asphalt with my shoulder bearing the brunt of the mishap. Although the pain was bearable, the shoulder wasn't, and my mobility and strength was impaired.
Dr. Ryan Churchill of the Mass General Hospital operated and pinned it back together..... but it crimped my efforts to keep the remodeling business active. Then I got diagnosed with prostate cancer.
My Urologist, Dr. Michael Kearney, didn't seem concerned as be caught this in early stages and over the next few months, we set in motion radiation treatments designed to zap the offensive cells away from my private areas. I anticipate this will restore the normal vitality that the MOAM has enjoyed through out his extraordinary lifespan.
Needing to replace the construction business cashflow with something more passive was the new challenge. I first looked to this pathetic Blog to place advertising and create a flow of income, but no dice. Even though the viewership increased, the revenue didn't respond in kind.
I then tried to sell stuff with affiliate marketing efforts through Amazon and Esty. No luck there either.
Somehow, Day Trading caught my attention. Here was something that I could do to create an income without physical activity and attention to a marketing area and workspace. No insurance or license requirements either. So, I moved around some money from my 401k to meet pattern trading rules and started trading.
For a while, it was downhill with a cumulative loss of three thousand dollars or so. Then, in two Days, I gained it all back and then some. Seemed like the MOAM was headed for the land of Milk and Honey. But that was short-lived, and I found out how fickle the stock market can be with a new series of setbacks.
I stepped back and changed my trading platform to Interactive Brokers (IBRK) and began intensive examination of market indicators like Bollinger Bands and MACD patterns. And I followed the advice of a trader in YouTube named Ross Carmeron, who showed me the types of stocks that would be best for the style of scalp day trading that I have been pursuing.
Next week, my account will be up to a level to begin live trading and chase a weekly profit goal.
Day Trading is not for everyone. But I have immersed myself in the nuances and conditions of this, and and am optimistic that I can turn this into the type of cash return that befits the standard of living that the MOAM has been accustomed to.
Will give you details of how this transpires.....
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