I'm going to start a journal to track my trades, mostly for myself, but hopefully there are others that are in a similar situation or in a position to help. Here goes: Bio: 25, male, Boston (moving to D.C. [Boston is weak]) Hometown: Fairfield County, CT College: Johns Hopkins Occupation: Project Engineer for manufacturing company (recently quit to pursue trading, either via MBA or prop shop. Let me know if you've done something like this, I would love to talk about it.) Broker: Ameritrade ($5K yep, completely undercapitalized) Added additional $3K later. Oanda ($2K) Current Balance: Ameritrade ($4.9K) Oanda ($850) Net: Ameritrade -$3.1K Oanda -$1.1K (Stellar! Duration is 9 months trading) Now to the trades: Currency markets has been an oscillating decline to $850. Made some extremely stupid trades for large losses. Has now taken a back seat to equity trades. IMDS - Penny stock a got a tip from a co-worker. This guy made bank in '00 on this stock, bought a huge boat with the proceeds. I saw dollarsigns and went all in with the $5K at around .50. Sold at .19. Big time loss. ACR - Read Darvas book and ran Yahoo stock screener. Bought at $14, sold at $14. Two weeks later was trading at $18. Sold too early. ELN aug. 7.50 calls- +$500 on a short term news announcement. ELN oct. 10 calls - -$750. Expired worthless waiting for the stupid FDA. Current Portfolio: ELN (100 shares @ $8) ELN Jan 08 Calls (1) MO Jan 07 Call (2) Cash ($1.5K) Yep, totally undiversified. But not enough cash to diversify properly. No specific strategy, mix of fundamentals and technicals. Looking at the following stocks: NKE, SIRI, AGIX, AMHC I really like options and would like to swing trade long term, near the money options. Also trade OTM options if I get wind of announcements/earnings. Probably missing some vital info but thats about it for now. BTW, I got a paper account on optionsxpress. Started $100K in Aug., up $15K right now by selling some puts on MO, KFT, ELN, Covered calls on MRK, ECA, Combo on DNA. The puts are the most profitable.