Taking 76K to 500K by Year End

I trade equity and equity options

 

You can do it.....Good luck....looking forward to your journey.

 

I funded my trading with money saved from my job (I still work full-time as an Information Technology specialist). Became aware of the markets in Dec 1999 (when the Nasdaq euphoria was peeking!), sent 16K to Datek (now Ameritrade), and started trading. Within 2 weeks I had lost 50% of the amount (even though the Nasdaq was setting new highs!). I knew I was doing something opposite to the way to make money! I did not know it was going to take me a number of years to understand not just what to do differently, but how to develop the mindset to do it.

 

Neke,
who is your broker now?
if you have a full time job how do you manage to trade? Just curious

 

I use Ameritrade and IB. Some of my methods are automated (with little input from me when I am at work). Others I do when I have the time in my office (I will not take up a job with an employer that blocks access to my brokers!)

 

Great post, great post ... please hold true to what you've told us in your trading, this won't change (because human nature doesn't).

Good trading,

Jimmy Jam

 

Also I am not really a frenetic day-trader churning out dozens of trades a day. On the average I close four positions a day, and my average holding period is one business day (for example, end of one business day to the end of the following business day). Sometimes I buy pre-market or at the opening of the market and close near the end of the day. Occasionally I hold for two days to a week (mostly options). They are all different strategies.

 

Aye aye I know. Good luck. Just the post heading made me think you were some noob.

 

Now that my trading week has ended, I feel I should acquaint you with my results. The week was OK, except for Tuesday, when the market tanked big time, I was caught on the long side and fully leveraged. However, subsequent days got some gains, and I ended the week on the upside. Withdrew 7K, mainly for tax on last years gains.

Balance B/F 76,636.38
Profit for the week 3,385.38
Cash Withdrawal (7,000.00)
------------------------------------
Balance C/F: 73,021.76

Number of Trades 22
Number of Profitable Trades 13

 

neke, thanks for sharing your results. I also have a full time job and was wondering if could share some of your methodology with us... equities screening, setup and AT platform.

Thanks