Welcome to my investment journey! My name is Carl. I’m an IT professional with a love for investing and a history in trading. This platform serves as my canvas to paint the picture of my experiences, insights, and passion for the dynamic world of finance. You may find me in the online sphere as Rosered44, the moniker I go by on this blog where I chronicle my exciting investment journey.
Who am I?
I am an IT professional with a keen interest in investments. The thrill of analyzing markets and making strategic decisions has always fascinated me. My investment journey primarily revolves around managing a diversified portfolio, blending long-term growth goals with short-term opportunities for additional income.
Discovering the World of Trading
My journey in finance began at the age of 23 when I ventured into the world of FOREX trading. I immersed myself in learning candlestick charts, an essential tool in technical analysis. Over time, my thirst for knowledge led me to explore various chart types, each providing unique perspectives. Some examples include:
- Line Charts: Simple and easy to understand, portraying price movements over a period using a single line.
- Bar Charts: Displaying price information using vertical lines to represent the high, low, open, and close for a specific timeframe.
- Heikin-Ashi Charts: Offering a smoother view of price trends compared to traditional candlestick charts.
However, my early focus on day trading taught me a crucial lesson— the perils of overtrading and the impulse to constantly be in the markets.
A Phase of Self-Reflection and Transformation
In a quest for clarity and a deeper understanding of my investment goals and future aspirations, I embarked on a journey of self-reflection. This period of soul-searching was transformative, leading me to discover what truly mattered in my investment approach.
Embracing Renko Charts and a Holistic View
During this introspective phase, I discovered Renko charts and the holistic perspective they offer. Renko charts have since become a cornerstone of my investment strategy. Initially implemented in the FOREX market for mid to long-term investments, I gradually expanded their usage to stocks and options.
Renko charts, with their focus on price movements rather than time, provided the clarity and tranquility I needed for informed decision-making. They allowed me to step away from the frantic pace of day trading and adopt a more deliberate, analytical approach, aligning with my newfound investment philosophy.
The Core of My Investments
401k and Regular Accounts
My investment strategy centers on two primary avenues: my 401k and a regular investment account. The 401k lays the foundation for my long-term financial security, while the regular account provides flexibility, allowing me to withdraw funds when needed.
Analytical Approach
In conducting my investment analysis, I rely on Renko charts, a tool that has proven invaluable in guiding my decisions. It’s a key part of my analytical toolkit, aiding in identifying trends and patterns critical for successful investing.
Portfolio Focus
My portfolio predominantly focuses on dividend stocks, a reliable source of passive income, and I utilize covered calls to optimize this income further. This strategic blend enables me to pursue my financial goals while mitigating risks associated with the market’s unpredictability.
Why I Share My Journey
Through this blog, I aspire to share my journey and insights, bridging my IT expertise with my passion for investing. However, I emphasize that I am not a certified investment professional. The content I share is based on my personal experiences and opinions, meant to inspire and educate rather than provide financial advice.
A Reminder
Before making any investment decisions, it’s imperative to seek advice from a qualified financial advisor or professional. The information shared on this blog is for informational purposes only and should not be considered as financial counsel.
Thank you for joining me on this fulfilling journey, where technology, investments, and wisdom converge to shape a brighter financial future.