Monday, February 23, 2009

Current Strategy

I'm having to adjust this year as I recently increased my account a great deal when I consolidated a few of my investment accounts into my trading account. This is my third year trading and I'm excited that I now have a significant sum to work with. I've always managed just fine and have yielded great returns, but a 50% return on a small amount of money is still a small amount of money.

I was always a bit nervous about managing more money when I started out a few years ago with $2,500. I didn't think it would be as easy and I'd get lost in the decision-making process when I'd consider how much money is on the line. Even though my overall goal is to amass as much as I can it still seemed like I'd have to change my entire strategy. However, I find that it's not harder to manage more money at all - but instead, quite a bit more fun!

I've been buying more shares per trade and its been working out quite well. Naturally, one's losses are equally as large if they get away from you, but on the positive side I've been meeting my monthly goal a lot faster and with a lot less stress and worry (knock on wood). Buying more shares per trade is essentially saving me time and making my wins so much more enjoyable!