$1,082 into $13,940 in 15 weeks

Quote from MRWSM:

Good luck, hope you do well.

You do know how astronomically difficult it will be. I'm all for setting high goals, but what you are trying to do is average 594,357% per year for that 15 week period. (I know this because I created an automatic calculator on a spreadsheet, just punch in the days and the profit and it will give you annual profit average based on how many open days in a year.)

Just so you know it is well beyond the world record annual profit of 14,000%.
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Mrwsm,

I agree with your figures.. and there's no way I can maintain that type of return.. but when the account is small I believe it is possible for a short period of time..

I can achieve this by averaging 1.5 pts. in the emini sp daily..

Doesn't sound hard.. but when emotions are interfering it becomes much more difficult..
 
I believe it is possible and wish you good luck.
Stick to your rules and system and dont deviate and be very strict with your entry rules and I believe you shall reach it. Then start paying yourself and enjoy you freedom :))
 
Here's an example of how I'd hurt myself in the past..

Had a nice opportunity for a buy at 9:55.. but passed because this time period is very volatile and I've gotten whipsawed an awful lot with my trading style.

In the past.. I would be a little angry with myself for missing that profit opportunity and force a trade.. but I'm trying to remain patient and wait for the market to come to me..
 

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Quote from Flashboy:

Mrwsm,

I agree with your figures.. and there's no way I can maintain that type of return.. but when the account is small I believe it is possible for a short period of time..

I can achieve this by averaging 1.5 pts. in the emini sp daily..

Doesn't sound hard.. but when emotions are interfering it becomes much more difficult..
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Only reason they might be a tiny bit off is because I didn't bother counting exactly how many market open days in the year 2004. I just plugged in the number 255 open days in a year which should be +/- a few days. Therefore the percentage given might have some play of a few percent. Otherwise it would be dead balls accurate.

It is possible, I had 2 very hot months this summer in one of my ventures where I averaged 149% per month for 2 months. If I was able to keep that up it would be over 5 million percent in a year and you'd be seeing my face on CNBC. LOL.:)
 
Today's Trades:

2 trades..

Gross Profit = $100
Less Commission of $8 per trade..
Net Profit of $84

Beg. Balance $1,082.52 + 84 = $1,166.52

Met goal for the day but it could have been much better.. Bailed on 1 trade a little early and missed a trade late in the day with a limit order..

trades outlined on chart..
 

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Today's Trades

4 trades

Gross Profit = $82.50

Net Profit = $50.50

Beg. Balance $1,166.52 + $50.50 = $1,217.02

Good day profitability wise.. Got out of a NQ trade early that would have resulted in a nice profit..

The trade attached was a loss in the YM..

I made 9 pts. in the Euro..

Everything going according to plan so far.. But I have a long way to go.. As long as I stay focused and dettached from the market I think everything will work out..

Merry X-mas to everyone..
 

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Merry Christmas dude...

Keep up the good work! Should be interesting to see you progress, and so far, you're doing well.


Quote from Flashboy:

Today's Trades

4 trades

Gross Profit = $82.50

Net Profit = $50.50

Beg. Balance $1,166.52 + $50.50 = $1,217.02

Good day profitability wise.. Got out of a NQ trade early that would have resulted in a nice profit..

The trade attached was a loss in the YM..

I made 9 pts. in the Euro..

Everything going according to plan so far.. But I have a long way to go.. As long as I stay focused and dettached from the market I think everything will work out..

Merry X-mas to everyone..
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