For those readers who may not know me my name is Blain Reinkensmeyer. I am a part-time trader and a web entrepreneur specializing in investing related websites. Our company, Reink Media Group, owns and operates StockTradingToGo.com, tradeWISER.com, and now Trader Mike. I personally also manage customer support for the investment community at Covestor.com.
For me the internet, business, and investing are three of my biggest passions. I sold my first company, a lawn mowing and yard maintenance business that I started with my brother, at age 17. Thereafter I graduated high school, went to college for a year, dropped out, and decided to pursue investing and the web full time. In 2008 I was honored in Crain’s Detroit Business as one of the top 20 Michigan entrepreneurs in their 20s (article). I was 22 years old.
As far as investing is concerned, I got started trading towards the end of the dot com crash in early 2000s. The money I had saved from my lawn mowing business was in mutual funds, which subsequently got wiped out by the crash. After realizing that the money was never to return, I decided to learn the game of investing myself.
I gravitated towards William O’Neil early on and the CANSLIM style of trading as that is what my Dad had a subscription to. My all-time favorite book, How to Make Money in Stocks, is also a favorite shared by Mike. I have read the book a half a dozen times already and it still sits next to my bed for further perusal.
In today’s market I am all about calculated risk, cutting losses tight, and letting the runners run. I stick with a strict 1 to 5 profit to loss ratio, and since I cut my losses tight and let my runners run the one winner keeps my portfolio moving up in value.
I am a momentum trader at heart which is seen often in my stock picks on StockTradingToGo. I go long when the market is moving up, buy the absolute best stocks (technically and fundamentally), and I cut my losses extremely tight. This KISS (keep it simple, stupid) philosophy has helped many readers make money, with my favorite testimonial being one reader who bought a new Lotus sports car in 2010 from profits off my picks.
My tools of the trade center around my computer (shown above running thinkorswim’s platform) alongside subscriptions to MarketSmith, Investors.com, Dan Zanger, and Sentiment Trader. MarketSmith is my favorite trader software, and once the iPad app is released here shortly my love will grow ever further.
All in all, I really look forward to the opportunity to write on this blog and bring back its roots of an exciting following alongside making readers money. After being disabled for over a year, I am happy to announce that comments are now turned back on so I hope to hear from you.
In closing it should be noted that I have a key phrase I often use to wrap up posts. The phrase is “Keep it frosty”, taken from Modern Warfare 2. It serves as a quick reminder to stay sharp in this constantly changing market. I hope everyone is enjoying the weekend and I will see you next week.