I’m still working on putting the pieces together, and it’s taking a bit of time. Meanwhile, I’m in the process of funding my account. I will start with $1,000. Yes, I know; I said I’d start with $3,000, and I still have it in my mind that I’ll start working my plan with $3,000, but for the time being, I’m thinking about doing something rather dumb. I’m seriously thinking about jumping on the FB bandwagon—eaten up and swallowed whole maybe, but hey, it’s a shot in the dark, and who knows, I might find that I won’t need to pull more funds out of pocket if all goes well. I don’t particularly have my hopes up on this gamble with FB. If there’s any room for hope at all in trading (and I know there isn’t much, as hope has no big place in trading), I won’t lose more than half.
Anyhoots, there’s still a sliver of hope for you guys to talk me out of it. I’ve never traded an IPO before, and God help me, I’m thinking about jumping in day one, but if it’s any consolation, I’ll probably scale in at $250 a pop.
Just for the record, this gamble isn’t remotely representative of how I’ll be trading when I put the finishing touches on my trading plan. Even though my trading plan will probably still be a work-in-progress when I do begin, it’ll still be far different than shots in the dark.