Mission Statement

My name is Dylan Dupuis. I am currently a graduate student pursuing my PhD in molecular biology. However, i have a deep interest in the stock market and in making money through trading. I have been actively trading both stocks and stock options for the past 4 years. I am self taught, having followed various blog sites and read just about every book I can lay my hands on that have to do with the stock market. I will be using this blog as a kind of specialized journal where i lay my thoughts out to the public on what stocks i am looking to enter and why, as well as why i may exit a trade early. I have found that technical analysis suits my personality. I generally like to hold a position for a week to 2 months at most but have on occasion traded for times outside that range for various reasons. That being said, the length of time I am in a position is not what is important, but rather the reason for why I enter and/or exit a trade. My trading rules are simple and cliche, ride the winners and cut losses short. I always have predetermined stops upon entering every trade, and have found that while i am not always correct on every trade, I do have the ability to follow my rules and generally outperform the market. This blog will begin with an artificial $100,000 account that is a scaled version of my own personal account. Many of the trades I take here I am also taking in real money with my own account. That being said, the goal is to use this to generate portfolios that will be successful and easy to manage. The plan is to determine position sizes based on the amount I am willing to lose per trade, ~2%. By determining my stop loss ahead of time, i can back calculate the share size i can hold that would lose 2% of my account should that stop trigger. At the end of each month I will update the account total and will compare it to my performance in the past. Hope the readers can learn from this as well.