I'm going to take $3k (out of the profits I made last year) and see if I can turn it into $50k this year. I would have made triple that amount last year had I not chickened out so many times after making many correct calls that would have been huge winners (I even called the bear oil market and the index sell-offs but failed to take positions). This is the year that I cut that foolishness out. My method is a discretionary swing trading (1-4 days...sometimes longer for stocks) approach using pure price action. I don't use the news or any of the fundamental factors to make trading decisions. The instruments that I will be trading are futures and stocks. FYI: There won't be any hindsight trades. I will post a trade that I'm anticipating before it actually happens, and if I'm wrong....I'm wrong. I will post as trades come available through my method. That being said, let's get it started.
Considering the small amount and the instrument I'm trading, I'll risk 10% ($300 per trade) in the beginning. That'll lessen as the account grows.
With only $3k and swing trading futures (I knnow u said futures and stocks), how do u plan to get around the margin requirements of holding overnight. $3k isn't going to cut it.
There are many markets one can use futures under $3k for overnight margins. http://www.deepdiscounttrading.com/TradingMargins.html
Looking forward to it. Best of luck. Very feasible with the right methodology and if we get market swings like last year.