I started trading only 2012 but i took stock trading courses as well as spend over 13 hours a day researching trends and companies financials, charts, etc. Trading stocks is most addictive yet rewarding job i have ever done!
I am breaking all the diversification rules right now by keeping almost 90% of my money in AIG. I used to hold ARR or AGNC, but I have switched to AIG in Sept 2012.
Portfolio contents at 12/31/2013
AIG (92%) BAC(4%) BRK.B(2%), AGNC (2%) ARR(1.5%)
I manage risk. A funny thing has happened along my journey: I don't care when I'm wrong anymore.. I simply bail as fast as possible. Controlled, selective and dynamic AGGRESSION is my key to $$$! Please know I DROP LOSING positions IMMEDIATELY.
Pro. use technical analysis to look for stocks w/ short-term price momentum. Not interested in fundamental or intrinsic value of stocks, but rather in their trends and patterns.
*Note: In this Economy-.