If this was there was something my daughter needed I would. I wouldnt even attempt this if there was something my daughter needed at all .. Shes taken care of. Has everything she needs, and then some.. this is my personal money. She still hasent even opened up some of the gifts left over from christmas.
Ive already started. Ended up the first week with account balance of 843$. Max drawdown was 690$. Still reading through this thread and gonna go respond to everything.. im not on here everyday so don't get mad if i dont respond immediately.. I will have weekly updates on the account balances, weekly reviews on what went wrong..etc..give me some time.. but account balance currently 843, up 20% ytd
Haha. Jealous much buddy? I made over a grand that day, and im young so of course im still gonna have a life. And no she was not with me that day, of course. Are you really calling me a shitty human being because i went to a strip club? Lol
I did mean 100k. No I definitely didnt select it based on buying these calls and profiting from them. I know thats not a real strategy and I get what you are saying about them being meaningless. But if I close a trade, and its in the green 200$... thats my money. So well I have great respect for you PM, i strongly disagree that its as meaningless as you say. I have to take these risks right now to make this account grow..period. 700 to 1,000 in a year? Really PM? Im not trying to be cocky here but one good trade could produce that. I have higher goals than that, thats why i set the 100k figure. If i wanted to not take risks then yeah I could have 1,000 by the year end easily, but im here to take some risks, and make some money. Im not spend a year investing 700 to only get 1,000... thats just not me.
Just relax buddy. Ive only been out of work two weeks because the old lady I was taking care of finally had to go into a home. I got interviews lined up for this week already... My daughter is well fed, well taken care of, and has everything she needs. This is my own personal journey here, and if i needed that 700 in anyway for something else, I wouldnt do this.
I agree. & this is something im lacking at the moment. I went into this saying I was gonna do exactly what you said but friday I got a little carried away lookin for opportunies, chasing things..selling too early and then seeing it go up 3x more. Im trying to stay disciplined but lose focus at times... any tips or advice for this ?
I agree. I know PM that you have your own style, but you definitely dont appreciate the power of short term trades. I still like your philosphy on everything else though.
Ok, so we know im inexperienced thats been established. I got all this that youre talking about. A place to live, food to eat.. my daughter is taken care of. I got interviews this week for a new job, so dont worry about me buddy. This isnt about that, this thread is about me turning 700$ into 100k. Yea I could go spend the 700 on whatever, but I believe that the time is now to start investing seriously.
This is serious. You think I wanna lose this money? Im just making a log here. If i win, youll find out, If i lose and go bust, youll find out. Im a cash only account, so no i won't be getting locked out, im paying attention to what im doing.
Id welcome the competition, or even someone to do this with. Let me know! Im always at my best when competing.. especially against those who I believe are more skillfull than myself.