$2,000 to $200,000 in 2020 at 2.00% per day.

ANOTHER COVID CASUALTY

I decided to withdraw all the funds from my live AMP account.

I am a real estate broker, and I have had a very long string of cancellations. Because of the market uncertainty because of the virus fallout, the investor buyers are nervous and they back out. In 8 years I have never seen anything like this. I am working fast and furious on new marketing ideas.

So to feed my family, I need all my cash. Liquidation is a horrible word, no matter the cause.

This is a crazy environment with 40 million Americans out of work. I hope you are not one of them!

What does this mean for my journal? Well, it is busted, that's for sure. If I do another journal, it will be with a new account.

But the concept of my journal is still 100% valid. Over 60 trading days (3 months) I averaged 2.1% daily increase with tight loss controls. The math says had I continued, I would be smiling big right now.

I hope to try again in a month or two, but I don't know where I will be financially. I feel like I have joined the 40 million.

I wish all of you excellent health and outstanding trading success.

THANKS for your great comments, insights, and friendship.

sstheo

Here in the UK it is only by reading accounts from Americans like yourself that other countries find out how Covid is really affecting the USA. Be careful and good luck and see you soon Theo.
 
ANOTHER COVID CASUALTY

I decided to withdraw all the funds from my live AMP account.

I am a real estate broker, and I have had a very long string of cancellations. Because of the market uncertainty because of the virus fallout, the investor buyers are nervous and they back out. In 8 years I have never seen anything like this. I am working fast and furious on new marketing ideas.

So to feed my family, I need all my cash. Liquidation is a horrible word, no matter the cause.

This is a crazy environment with 40 million Americans out of work. I hope you are not one of them!

What does this mean for my journal? Well, it is busted, that's for sure. If I do another journal, it will be with a new account.

But the concept of my journal is still 100% valid. Over 60 trading days (3 months) I averaged 2.1% daily increase with tight loss controls. The math says had I continued, I would be smiling big right now.

I hope to try again in a month or two, but I don't know where I will be financially. I feel like I have joined the 40 million.

I wish all of you excellent health and outstanding trading success.

THANKS for your great comments, insights, and friendship.

sstheo


can i give an alternate story? you got caught fading the market again, blew your account, and now need an excuse to bail out before returning again. Sort of like this:

https://www.elitetrader.com/et/threads/micro-e-mini-madness-2-per-day.335221/page-62#post-4959005

I mean the reason i'm putting that out as a possibility is because you essentially cutting off a potential income stream (looked like you were consistent before this job/work issue). Why not just continue to trade it and at least earn few hundred here and there.

But instead, you're going to close this journal out, and then be "back in a month or two"? Is that how quickly that real estate market going to bounce?

sorry man, i don't buy this sob story. people can hate me, but whatever. I love the hate.
 
@hilmy83 Nope. It's all legit. I even had to get a 3-month home mortgage forbearance.

And you are right; the way things are looking in real estate, it may take 6 months or 12 or 18 before I have funds to seriously try again.

"Seriously" meaning $2k to $4k. Perhaps I will "dabble" with micros before then, but something interesting happened at about the $6k mark in my account. I could actually envision real income from trading, and it was empowering. And I was no longer "trading scared." No way did I want to give that up.
 
No need to start a different journal thread...Just continue in the same thread when you are ready.


I've been following the thread, interesting reading. Where is he on his stated target? Its so possible for him to be one of the few Rock Stars and make $2,000 in to $200,000.00!
 
I've been following the thread, interesting reading. Where is he on his stated target? Its so possible for him to be one of the few Rock Stars and make $2,000 in to $200,000.00!

I made it from $2k to just over $6k at about 2% per day average before pulling my funds due to significant financial hardship. I want to be that rockstar. LOL. But it will have to wait a bit.
 
I made it from $2k to just over $6k at about 2% per day average before pulling my funds due to significant financial hardship. I want to be that rockstar. LOL. But it will have to wait a bit.

Thank Goodness your backing off trading when dealing with life's crap! The worst thing that happened to me was trading when my life went straight to hell. Your very wise to know your limits, wish you the best!
 
ANOTHER COVID CASUALTY

I decided to withdraw all the funds from my live AMP account.

I am a real estate broker, and I have had a very long string of cancellations. Because of the market uncertainty because of the virus fallout, the investor buyers are nervous and they back out. In 8 years I have never seen anything like this. I am working fast and furious on new marketing ideas.

So to feed my family, I need all my cash. Liquidation is a horrible word, no matter the cause.

This is a crazy environment with 40 million Americans out of work. I hope you are not one of them!

What does this mean for my journal? Well, it is busted, that's for sure. If I do another journal, it will be with a new account.

But the concept of my journal is still 100% valid. Over 60 trading days (3 months) I averaged 2.1% daily increase with tight loss controls. The math says had I continued, I would be smiling big right now.

I hope to try again in a month or two, but I don't know where I will be financially. I feel like I have joined the 40 million.

I wish all of you excellent health and outstanding trading success.

THANKS for your great comments, insights, and friendship.

sstheo
I honestly can't make any sense of (a) why you abandoned your thriving e-mini scalping for real estate brokerage that is in comatose,and (b) why you fancy defending your title/designation of being a real estate broker more than maintaining the steady progress in your compounding the $2K into about $6K income within just 60 days?
Don't you think that your e-mini scalping prowess has more potentials of sustaining anybody at this trying period than real estate brokerage that is almost in comatose? Why didn't you continue e-mini scalping with your last known $6K balance,deploying your best skill and attention solely to earning just your monthly basics while preserving your seed money? I really wanna see you back in your trading best soonest.
 
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