Sunday, January 03, 2016

2016 A New Beginning

2015 was an absolute financial nightmare for me!  Between my wife and I, we had lost nearly $60,000 investing in energy/oil, and as a result I am now very against any long term holdings of commodities such as oil and gold. Oil lost over 35% of it's value in 2015 alone and it doesn't appear that it will be going back to it's highs anytime in the near future.

LinnCO LLC 

In fact the only way I plan to trade commodities in the future will be via intraday trading via leveraged stocks such as DWTI or UWTI.  This blog will be used to track my daily profits / losses in my day/swing trading adventures.  I go into the first trading day of 2016 holding 7000 shares of Sunedison Inc (SUNE) averaged at $5.16 /share, with my brokerage account currently worth $33,319. How long will it take me to day trade my way to make that 10 times the value it is today? Let's find out!

SUNE closing price from 12/31/15