I was spending more and more time learning about trading, Mostly by reading and in the beginning I would read all I could get my hands on. There were a few good articles on the web at that time. Nothing, of coarse, compared to today. It wasn't until after I had read the book "Technical Analysis Explained" by Pring that I had bought on Amazon that I really started to get interested in using Technical Analysis to help me find stocks to buy.
As I wrote in my last post I bought a program called "MetaStock" (the end of day version) which is Technical Analysis software. It came with virtually every indicator known to exist. I was like a kid in a candy store. I would load my MetaStock program with market price information which was delivered electronically every evening after the market had closed using Reuters DataLink. I would then pour though hundreds of stock charts. I had chosen probably more than 10 indicators to help me in finding future winners that I could us to help me make my millions.
The biggest problem with using so many indicators, I found, was that they wouldn't all line up. By line up I mean some of my indicators would signal buy and some would signal sell. Or my programs indicators would be signaling that the stock was getting into a buy zone but the stock would continue to go down. I was confused, how could they keep going down even though my indicator was showing me the opposite? Sure there were stock charts that had all lined up and would have been winners but there were literally hundreds upon hundreds of stocks to choose from.
I had spent literally 100's of hours and quite a bit of money. It had gotten so bad that my wife, who was pregnant, was completely fed up with me. I had spent way more time with my program and books and way too little time with her. But I still got angry with her when she complained. Couldn't she see that I was trying to find a way to make some money so we could live a better life? I was still not working and the Volvo factory where they made gear boxes in our little town was not hiring.
Besides I could not speak Swedish very well even though I was going to Swedish lessons. The lessons were required by the State. If we where to get financial help, I had to go to them the counselor had told us.
My wife was working still even though she was pretty far along, as a Mid Wife's assistant at the town's hospital, but there was talk about it being closed down and moved to a bigger towns' hospital. Couldn't she see that I was trying to learn how to use the stock market bring in enough money to get us independent from all the things we were facing?
It never really bothered me that we didn't really have any money to invest, that we were by many's standard, poor. My wife knew it, and it bothered her that we had so little. Even though I was 8 years older than her, to me our money situation was not really bad. Not bad enough to get me down. I had always found a way to make enough money in the past to get by on. I had moved out from my parents pretty soon after getting out of High School. I had traveled to Brazil and lived there for 6 months on a string and a prayer. I was pretty street smart having grown up in L.A. and I knew how to hustle. Besides, we had food on the table and a roof over our heads.
Then the day came, September the 9th 1993 our son was born. It was then it hit me. It wasn't just me and my wife anymore. I had I son. I needed to get a job, and real job not some pie in the sky dream of making millions on the market as a master trader. My dream was put on hold.
Side Note: looking back now I see that not only was there a baby on the way at that time but I was also just an infant when it came to many aspects of my life and especially when it came to trading.
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