Business! But what, how and when?

Although my interest and enthusiasm for looking for a job has grown since my failure at day-trading I am still not fully convinced that it is the way forward. More distressingly, I have not been able to deploy my network. I remember a friend who got laid off in 2001 and aggressively used his network to land in a job within couple of months - granted that 2009 is much more worse than 2001 I should be able to make some headway. It is not for lack of trying. I have tried to rejuvinate my old contacts - bosses, colleagues etc but it has not led to anything. May be I need a better strategy to make it work.

I still cannot get over the fact that I want to own a business. I still dream of owning a "super cashflow rich" business and doing something in Nepal. But looking from a practical point of view I am not sure if I can jump into a business right now. I feel that I do not have any practical training. THE RISK APPEAR SO GREAT. Even if I cannot a business now, I will still think about it an do something when I am 45-50. I think I am prepared better with the lay-off than ever.

I think the strategy is to seriously look for a job but also constantly think about entreprenurial ideas. Hopefully one will materialize soon.

Must Continue to Jot Down Notes...

Have not updated the online diary in a while. A lot has changed since I last wrote early last month. I must continue to write my thoughts because this is probably the most confusing periods for me in my life. If I don't write about this period on a regular basis, I will be missing a lot things.

First, the day trading has come to an end. My losses has been quite staggering around $15K but 90%+ of that is transaction costs. Essentially, my dream of making $500-$1000 a day has vapourized. I realized that day trading is much harder than I had anticipated. The most depressing part of this experience is that started this endeavor in April when S&P500 was around 700, and since then the market has gone straight up, to 1,100+ but I was not able to partake on the ride. I was trading GS when it was around $100, now it's around $180; GOOG around $300, now its $550+; JPM around $30, now its around $50. Basically, if I didn't make it doing day-trading during one of the most bullish periods in the market, then I don't I can make it at all. I have not totally given up on trading but I think I need to focus on swing trading and less on day trading BUT for now I need to reduce my risk exposure substantially because I do not want to run out of money.