Tuesday, January 15, 2008

Think or Swim - Are you using it?

I am using an online software with a download-able desktop client called "Think or Swim". You can get an account at thinkorswim.com and be on your way in no time.

One of the main reasons I like this client is the papermoney version of it. You can learn to use the software and play with real stock value and not use a dime. It is great for trying new systems before putting your money to work in the real market.

They have a partnership with investools and use their charting mechanism Prophet, one of the best I've found yet.

Check them out and sign up for an account today!

A man is NOT a financial plan

Ladies - We have got to stop believing that there is nothing we can do for ourselves financially. There is no reason why you can't know what is in your bank account or how much is left in the checkbook before you go shopping. In fact there is no reason you shouldn't know how to balance your checkbook!! The better off we are at understanding money the easier it will be to support our families in the event that something major happens (IE: husband can't work due to injury/ laid off). There is no reason we can't assist the monthly income with some 'extra' money in the stock market.

My eventual goal is to stop working at my daily job and trade full time. But let's be honest with ourselves, I can not do that until I can reasonably replace my income with trading returns. And let me tell you I have a LONG way to go to make that happen.

Enough of my beginning rant, lets all learn about trading together as we look at my successes and failures in the world of options.