I'm entering my third month of tracking my expenses (as long as the rest of the financial stuff) and I'm going to change my tracking method a bit. When I first started I decided to just keep a list of expenses, but without any descriptions. Then, after the month had passed, I found myself wondering "I don't remembering spending all that money, where did it go?" so starting with this month I'm going to track expenses and keep a description. I think it will work out better this way when I see that I spent $25 last week on lunches at work (I took my own today).
The markets have been rebounding a bit lately, and I'm hearing more talk about an upbeat fourth quarter. I'll definitely be happy with that and I can't wait for December to come around. I think I will be able to use that month to actually look into more stocks. Things still seem shaky; people want to believe a late year rebound is on the way, but then they are hesistant as well. I've been reading more technical analysis reports that we subscribe to, and they are back-and-forth as well. One week some of the indicators turn positive, but some remain negative. The next week things look good followed by a bad week.
Technical Analysis update: I think I'm doing pretty well with picking short-term longs (earlier I did mention that I would post the picks with prices but then I don't want to get into any trouble with compliance reasons if the firm actually buys/shorts any of the picks).
I can say that my long position has gained about 5.2% in five days. I'm happy with that number, but I'm more aware of the percentage of winners (84%).
On the short side I'm having a little trouble. My short list is positive, but not by much. I think my problem is, is that I focus on stocks that I think are way overbought (based on RSI and MACD), but they have yet to break down. I keep thinking "this is bound to drop back a bit", but they continue to show strength. I think I need to focus on stocks that have already started to break down.
More on this later...