The Rules of My $1 Million Dollar Challenge

I am a week late in the beginning my $1 Million Dollar Challenge. As I have said before this is an experiment to see if an average investor can take a small grubstake and make a substantial return with the allocated capital. In my case I want to turn my $36,000 that's sitting in my IRA into $1 Million Dollars. I must mention that all of my investment decisions are mine and mine alone. I will not rely on any outside references for tips or advice. I will however be using the internet to research companies, markets, trends, and a charting website. I will not play with options, but I do reserve the right to short my stocks, but I am primarily a long investor. This doesn't mean I will hold a stock long term, I might take profits after a few days and plow them back into other areas.

My goal is to document every decision and investment transaction that I do, here at the BuyStocksLow blog. There may be several posts per day or I might go a few days without posting. As I go along I will reveal what strategy is working and what isn't, I guess that's the REAL point of this experiment. Here are some of my basics rules I will adhere to:

1. I will not risk more then 2% of my total portfolio per transaction.

2. I will not trade based on emotion, tips, or gut instinct.

3. I will trade via my trading rules regardless of which way a trend may occur.

Easier said then done. Wish me luck!