One of the most important aspects of a successful trading strategy is that it must be able to keep your capital safe when the market gets ugly. Usually, this means having some mechanism that identifies when the market gets rough and stops taking on new positions. For the QG Fund, I use a trend filter that forbids establishing any new positions when the SPY is below its … [Read more...]
Using Amazon's FBA Program to Grow Capital
One of the biggest disadvantage that many new traders are faced with is a very limited amount of starting capital. In order to combat that problem for myself, I am attempting to rapidly grow my capital through trading retail products using Amazon's FBA Program.
FBA stands for "Fulfilled By Amazon," which means that I can sell products through Amazon and they will store the product and handle the transaction and fulfillment in exchange for a percentage of the sale. I have been able to grow capital very quickly through trading locally purchased retail products this way.
It's been a little while since I've discussed the numbers that my Amazon business is doing. Things have been good. As of last night, my sales for the past 30 days are just under $7,000. While 7 day sales broke above $2,000 for a few weeks at the end of July, they have since trailed off but are recovering this week and heading back above that line now. When I started this … [Read more...]
During yesterday's selloff I noticed quite a few traders on twitter who appeared to by hitting the panic button. Many of them went on an on about how this has been long overdue, and earnings are going to be down, and Fed this and that. Of course this happens every single time we have a decent selloff. Nothing new. But it's easy to get caught up in the heat of the … [Read more...]
The past few weeks have been a pretty wild ride for me. For those who don't know me very well, I have a tendency to dramatically overreact to things, which is why I made an absolutely terrible discretionary trader. Because of the pace that my Amazon business is growing, pretty much everything that happens with it feels like I either conquered the world or ruined the rest of … [Read more...]
Over the course of my day yesterday, I had multiple interactions dealing with different topics where my trend following nature left the people I was talking to terribly confused. Pretty much any trend follower will relate to my experience talking about my stock market holdings. (I know, the site is called "Don't Talk About Your Stocks," but that's easier said than … [Read more...]