Deciding where to go from here

I haven't updated this blog in a while. Part of it was depression, since I had to review my prior trading when filing my 2009 taxes by the mid-October deadline. What really hurt was all the work I had to do in TradeLog to get all my *LOSSES* accounted for. At least the total amount I have lost so far in the market is only about 7k, but I want that 7k to be the first and last "tuition" I pay. Some time ago, I switched to papertrading, and my initial ThinkorSwim Papermoney account is now at $166,000 from $100,000, mostly as a result of going long stocks at about the right time. In my "real money" and retirement accounts, I've done basically nothing - just too afraid to trade. I'm trying to come up with a plan of action, and at the same time following good traders, including Bo Yoder's cash bomb sequence, which attempts to help people with low account sizes explode their accounts into larger sizes.

We shall how the market goes this week. Most of this year, every time there is a panicy sell period, it turns out to be a fake-out and we march higher, probably due to large hedge funds finally buying in. I know from past experience that the 1st of the month is always interesting, expect the unexpected...