In March of 2009, I thought I was about to make a lot of money. It was Friday, the monthly unemployment report was coming out and I was ready to trade.
The report came out worse than expected. The unemployment rate hit double digits for the first time since the 80's. This is bad news, right?
I thought it was, so I shorted S&P futures and dreamed about all the money I was going to make.
Ten minutes later...
My palms were sweating and I was out thousands of dollars. I didn't know what to do. I was frozen.
Finally, I threw in the towel and covered my short at a significant loss.
What did I learn?
Markets don't move based on your understanding of the fundamentals, they move on order flow. Our job as investors is to get on the right side.
What is SAM's mission?
To be a trusted partner and resource for individuals who self-manage their portfolio.
Everybody, at some point in their life, will have to decide how to invest their money.
Knowing who to trust with these decisions can be daunting. My hope is that over time, you will view SAM as a trusted partner.
A little about me...
I started investing during the financial crisis. Though at the time, I didn't understand what it was. I was a couple years out of college and all I knew was that stocks have gone up.
So I thought, how hard could it be?
Turns out, really hard. I am writing this in April of 2018. We have had almost a decade of stocks going higher.
In hindsight, I'm glad I started investing when I did because I got to experience the fear and vomit inducing pain of losing so much money in a short period of time.
In order to achieve the best results for my paying members, I spend most of my time researching potential investments.
I give priority to my members, so if you are not a member and I do not respond, please send your message again.