Tuesday, July 13, 2010
Dream big. (Just don't go crazy, gurl)
You know how "ignorance is bliss"? Well I have been a blissful moron for about the past month. Like a kid with ADD who's been off his meds, I found something shiny and it.... HEY, look over there!
As you know, a few weeks ago I shifted my interests back to finances and picked up the book "Rich Dad Poor Dad." It got my imagination racing. Then I went back to Indiana for a week where my Dad put me through Stock Market Bootcamp. Surprise, I'm good at this stuff! (or I'm just being ignorant, I can't really tell yet)
So, being all creative and stuff, I came up with an entirely new direction for my life. I was going to be a Day Trader! It's perfect. Take something that you're good at, and understand, that you can make real money at, and do it for like 4 or 5 hours a day in your home and be finished by 1pm! What's not to love?
I had my course materials set and I outlined a syllabus for myself. I developed a training and practice time-table, and then set milestone goals for future growth. I got this, right! Hell, I even created a business logo for my new venture because, well I'm still a design geek. Simply put, I'm doing my du-diligence - a nice change of pace.
Well yesterday I sat down to begin trading with fake money because this is practice mode and I'm still learning. First off, I see why they don't let women and children do this sort of thing - it's not easy. But practice makes perfect and that's what we're doing right now.
That's when I got a huge slap-in-the-face and realized that you need money to make money. Like a lot of it.
Now I have money from my cashed-in 401(k) that I was going to eventually use to fund this idea of mine (after the training period). And it's no small sum, really. But if you are going to buy 1,000 shares of a $20 stock that's $20,000 you've got on the line. gulp. And if you're going to buy just 100 shares, well then you need to wait much longer than a day to turn a short profit. oops.
Stupid imagination, it's failed me again! I started dreaming these grand dreams of what could be and then had reality set in. Reality is such a bitch.
Alright, fine. So I'm not going to be an overnight success just because I can read a freekin' chart. So I may half to still go out and get a real job. So my fantasy is just that - a fantacy. But that doesn't mean I can't make at least part of it come true. My plans may need to be scaled back but they're not unobtainable once right-sized. I can't still make my money work for me. And isn't that what I'm suppose to be doing?
uggh! I just feel stupid.
As you know, a few weeks ago I shifted my interests back to finances and picked up the book "Rich Dad Poor Dad." It got my imagination racing. Then I went back to Indiana for a week where my Dad put me through Stock Market Bootcamp. Surprise, I'm good at this stuff! (or I'm just being ignorant, I can't really tell yet)
So, being all creative and stuff, I came up with an entirely new direction for my life. I was going to be a Day Trader! It's perfect. Take something that you're good at, and understand, that you can make real money at, and do it for like 4 or 5 hours a day in your home and be finished by 1pm! What's not to love?
I had my course materials set and I outlined a syllabus for myself. I developed a training and practice time-table, and then set milestone goals for future growth. I got this, right! Hell, I even created a business logo for my new venture because, well I'm still a design geek. Simply put, I'm doing my du-diligence - a nice change of pace.
Well yesterday I sat down to begin trading with fake money because this is practice mode and I'm still learning. First off, I see why they don't let women and children do this sort of thing - it's not easy. But practice makes perfect and that's what we're doing right now.
That's when I got a huge slap-in-the-face and realized that you need money to make money. Like a lot of it.
Now I have money from my cashed-in 401(k) that I was going to eventually use to fund this idea of mine (after the training period). And it's no small sum, really. But if you are going to buy 1,000 shares of a $20 stock that's $20,000 you've got on the line. gulp. And if you're going to buy just 100 shares, well then you need to wait much longer than a day to turn a short profit. oops.
Stupid imagination, it's failed me again! I started dreaming these grand dreams of what could be and then had reality set in. Reality is such a bitch.
Alright, fine. So I'm not going to be an overnight success just because I can read a freekin' chart. So I may half to still go out and get a real job. So my fantasy is just that - a fantacy. But that doesn't mean I can't make at least part of it come true. My plans may need to be scaled back but they're not unobtainable once right-sized. I can't still make my money work for me. And isn't that what I'm suppose to be doing?
uggh! I just feel stupid.
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