Taking $5K to $250K by year end

Discussion in 'Journals' started by allenhobbs, Mar 2, 2008.

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  1.  
    #301     Apr 1, 2008
  2. Price action as I observe it on a DOM and naked time bar chart. As simple as I can make it.

    Thanks for following the Journal.
     
    #302     Apr 1, 2008
  3. you take 5k to 250k and I'll pay for the audit and that is a promise...! :)

     
    #303     Apr 1, 2008
  4. Okay. Which auditor are you thinking of hiring?
     
    #304     Apr 1, 2008
  5. own corp cpa's...very efficient and honest people but that's a long ways off yet...ah BTW, the Audits rights will be mine! lol
    so you can't use the audit in any form or shape without my consent unless you pay me 10 time my cost then! deal?

     
    #305     Apr 1, 2008
  6. I applaud you for your transparency.

    Particularly since I suspect you have nothing to prove - to anyone but yourself. For me its the return at the end of the day but I think this is your own way of accounting to yourself.

    Good luck and I hope you meet your goal!
     
    #306     Apr 1, 2008
  7. Thank you and I hope you enjoy the Journal.
     
    #307     Apr 1, 2008
  8. Allen,
    Just noticed, your first statement is from 3/24. If you don't mind, it will help with the audit if you post your very first statement that shows the 5k initial balance and the date of your first trade from this trial.
    good luck
     
    #308     Apr 1, 2008
  9. ON surface, 5k to 250k is a massive return! But don't forget the use of leverage. He is actually using the 5k to control ~65-130k notional value of asset. Even creating 250k out of 130k is not an easy feat. Assuming that he keeps the equity growing so the use of leverage is on an increasing scale/level- by the time he reaches 12-13k equity, he can use it to trade 3 contracts....and the effect of compounding + leverage would take care of the rest....stilll, it is quite a difficult goal

    I really hope he can achieve it, it would serve as inspiration for manys....
     
    #309     Apr 1, 2008
  10. If we get that far, my broker will be happy to provide your auditors with those statements. I was posting my trades "manually" before I learned how to make screenshots.
    p.s. Special thanks to atticus for assisting me in this regard:)
     
    #310     Apr 1, 2008
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