i'm in my early 20s. i started with less than $5,000, of which $2,000 was from a credit card. i eventually made enough to pay back the credit card debt, as well as over $30,000 in taxes. i also bought a brand new car with cash and i live off my trading account as my primary income. if you were me, would you like to have more capital or not? thank you, good night
I know people who gross over 25k/month and have nothing but change left over after fees and commissions. It's possible to trade great and not have money. <img src ="http://www.leopardgecko.com/albani006.gif"></img>
i would also like to point this out: in the journals forum, many people are drooling over seanote's trades (myself included). if you look at a previous post of his, he mentioned that he was once down to $5,000. he put his head on straight, focused, and learned how to trade. he then said that he traded other people's money which bankrolled his account. i'm thinking of these possibilities as well. you guys sure aren't laughing at seanote now.
i assume you swingtrade since your acct is under 25K. start a trading journal. should be easy to post your swingtrades here in realtime (like seanote). let's see you in action.
yes, i do swing trade. my timeframe is usually from a few days to a few weeks or even months. the only time i make a round trip intraday is if i get stopped out. as for a trading journal, some people may enjoy doing that, but i'm not interested. the only reason i mentioned some trading results is because i was getting so many negative responses. if you doubt me, i don't blame you one bit...but it just isn't worth my time to prove myself to random internet people.
The trouble is that when OMC started to move you couldn't have gotten filled to save your life. Options are not stocks ; you will be faded. We got an OMC trade, a 20 lot, in the middle of that mess; Instant $600 winner, faded in a natural market, called to dispute the fade, in a called fast market, didn't continue the dispute, went to a $1000 loser in as we dialed the phone, went to a $2000 loser in seconds, went to a $4000 loser in seconds, went to a $6000 loser in minutes, went to a $8000 loser in seconds, went to a $8800 loser and stalled, came back to a $4000 loser, went to take it faded to a $6000 loser in seconds, came back to a $5000 loser, went to take it, faded to $8000 loser in seconds, crawled back to a $2800 loser went to take it, finally filled, closed as a $2200 loser on the bell. All of that on a short 20 Jan 04 65 put; if I remember right. We traded about twenty different posistions; on both sides, net result, maybe we scratched them against each other. Those trades you are looking at only work on paper; they do not have to fill you. Try a better game.
you could always breed lizards...low barriers to entry. http://userpages.umbc.edu/~rrhudy1/sailfin.htm
How about share with us your method of making money and let us evaluate if it will work or not. If it does, we might be intereted in partnering with you and providing you money to work with. Ron