Taking $5K to $250K by year end

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

Thread Status:
Not open for further replies.
  1. JB3

    JB3

    Seriously, who the hell cares what the reader thinks, are you trying to make money or satisfy the readers? If they don't like a blotter or weekly summary, then screw them...they ain't paying you.
     
    #381     Apr 7, 2008
  2. eagle

    eagle

    The top three:

    1. Jesse Livermore
    2. Warren Buffett
    3. Maybe this guy? :D

     
    #382     Apr 7, 2008
  3. I'd stick with a daily blotter post showing the trades....and that's about all I'd say. It's not like you said you could do this. I interpret it more as a "let's see if this can be done" situation.

    You have nothing to be ashamed of if you don't make it and everything to be proud of if you do. It's a can't lose situation. Just ignore the negative and in order to keep reader interest, post daily results.

    I presume you started the journal for a reason.
     
    #383     Apr 7, 2008
  4. eagle

    eagle

    Of course, we believe him to some degree and we strongly wish he succeeds. And then this astonishing success will tell a lot about the Market.

     
    #384     Apr 7, 2008
  5. YouCan

    YouCan

    Allen,
    I consider your experiment awesome.

    I also believe that an end of day trading log would offer your readers a better reason to check this "journal" daily and would keep the interest & engagement with what you try to accomplish at a high level.

    A profit of 2 points on a daily basis in ES is not an easy task. You mentioned that your trades show their potential in 10 minutes.

    Does it mean that you close your position immediately after 10 minutes if it moves the opposite way or sideways?

    Do you close all your positions overnight?


     
    #385     Apr 7, 2008
  6. I agree. And since you're day trading, I think dailly statements make more sense.

    OldTrader
     
    #386     Apr 7, 2008
  7. monti1a

    monti1a

    I haven't read the entire journal yet...but, if you have indeed already doubled your account since the time you started this thread....your experiment is already a success...anything more is just gravy.....
     
    #387     Apr 7, 2008
  8. The 10 minute reference is important. Why? Time =risk in this market. However, volitilty needs to be present for implementation.

    I am always flat at the end of the day.
     
    #388     Apr 7, 2008
  9. After reviewing the posts here and PM, it seems as though the trading community prefers posting daily, rather than weekly, statements. As a result, I will continue to do that.

    Thank you all for following the Journal and your input.
     
    #389     Apr 7, 2008
  10. 1. Didn't he die broke?
    2. Not apples to apples.
    3. Remember, this is an experiment (with cash), although I do believe it is scalable in the ES.
     
    #390     Apr 7, 2008
Thread Status:
Not open for further replies.