My daily goal will be to make .06 to 1.5% (200 - 450.00) on these funds. 2,000 - 2,250 are my weekly goals, which is 8,000 to 9,000 a month. This is more than enough to live off of, however the only question is; can I make these kinds of returns consistantly?. 5 trades ( 3 winners / 2 losers ) stocks traded: LEH FSLR GS p/l -40.00
You posted on my first thread a few months back - http://www.elitetrader.com/vb/showthread.php?s=&threadid=93921. I just started my first journal and saw this thread in the line up, so I thought I would stop by and say - Good Luck!
Here's a list of my trades since 08/15 which is when I bought my first ETF: http://www.elitetrader.com/vb/showthread.php?s=&threadid=102731. I'm enjoying the challenge.
15 trades ( 11 winners / 4 losers) shares traded: 1600 Stocks traded: GS, VLO, AAPL, FSLR, GRMN average winner: 31.18 average loser: 27.75 todays P/L + 212.80 you can also follow my progress on my blog : http://nathanstradingblog.blogspot.com/ cm
9 trades ( 7 winners / 2 losers) shares traded: 1000 Stocks traded: GS, AAPL, TNH, FSLR, RIMM average winner: 19.57 average loser: 57.00 todays P/L + 4.00
Good luck with reaching your goals. How many shares are you buying at a time? Obviously, the more shares, the easier it is to met your goal.
OK!.. I'm sorry but I made a mistake here. Because I trade such small size, my platform doesn't accurately calculate my commission costs or my P/L unless I trade a minimum of 500 shares. ...this puts a whole new spin on my trading. Unless I do 500 shares per trade, then I'm paying 3.00 per trade. so.. I can either reduce my # of trades to save on coms or trade in 500 lots... oh boy. -- I will update this journal with all the right numbers asap. -- cm
Here are the new P/L numbers from the past few days: 8/29 ( - 68. 75 ) 8/30 ( + 125.89 ) 8/31 ( - 48.06 )