Date: December 20, 2007
Time: 19:35
From: Way West of Wall Street
Dear Friend & Subscriber,
My name is Michael MeAngelo and I first got interested in online trading back in 1998 after reading a copy of the Millionaire Next Door by Thomas J. Stanley and William D. Danko.
I opened my first mutual fund with Vanguard and a trading account with Ameritrade (now TD Ameritrade).
My first online mutual fund purchase was the Vanguard 500 Index Fund(VFINX). I used a dollar cost averaging strategy and put 10% of my take home paycheck into the fund every month.
The fund really took off until about the middle of 2000. The fund proceeded to decline in value until the end of 2002.
My first online stock purchase was comprised of 5 small, “penny stock” companies based on recommendations from a web bulletin board.
Needless to say, I lost money on all of these stocks.
Since then I have learned a lot. I have taken numerous classes, read books and most importantly have put my knowledge into action.
I use 3 strategies for different accounts. These strategies include:
1) Buy and Hold utilizing Dollar Cost Averaging
2) Trend Trading (including Swing trading)
3) Day Trading
Most traders, financial advisors, money managers, and brokers tend to focus on one of these 3 strategies, (usually the one that makes them the most money).
I believe that you should utilize all 3 for a wide variety of reasons that I will discuss in other posts on my online trading day blog.
I started this web page because of my friends and family. They wanted to see me publish my thoughts and views on the markets and most importantly see what I am doing during my online trading day.
I am sure you are probably fall’n asleep at the keyboard right now because background info is BORING.
Enjoy.
Sincerely,
Michael MeAngelo