Aphie's REAL Trading Journal

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I just spoke with my father and there is the possibility that he will give me 25k in January. Perhaps I should just do small things do I can add this 5k to that 25k and then get serious about daytrading stocks, futures, etc.

I may also add an additional 10k to that amount and work with a 40k account.

In the meantime, I will continue trading lightly.

I will keep you all informed.
 
Sounds good Alphie. Just make sure that borrowing money from your father that you may not be able to return won't wreck your relationship with him, money can do that, I've been there.
 
Originally posted by Daveron
Sounds good Alphie. Just make sure that borrowing money from your father that you may not be able to return won't wreck your relationship with him, money can do that, I've been there.
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His contribution would just get my account to a level where I don't have to get screwed by the SEC. My additional 5-15k of my own money would be the cusion on top of his.

That is good advice, though. This is how dreams get made and relationships get destroyed. However, I am determined to make this work.

My progress will be a roadmap for all newbies. People will follow me as I progress from the arrogant "know-it-all" aphie who never traded, to the battle scared "quiet" aphie who comes to ET to bitch about a bad trading day.

This is going to be a long road but I'm very optimistic.
 
First of all I must say that this Journal is making me LMAO.

Secondly, Scared money makes no money and the reason that most undercapitalized accounts fail is that they are under too much pressure to succeed because of the small margin for error. Therefore, each trade becomes more about loosing money, rather than following your gameplan and letting the long-term expectancy occur by following the rules.

Sorry to say this, but I give Alphie's account less than 4 weeks to melt down. You should just go outside and let your 4600 dollars blow away in the breeze, it will be a whole lot less stressful.
 
Originally posted by Sean Juan
First of all I must say that this Journal is making me LMAO.

Secondly, Scared money makes no money and the reason that most undercapitalized accounts fail is that they are under too much pressure to succeed because of the small margin for error. Therefore, each trade becomes more about loosing money, rather than following your gameplan and letting the long-term expectancy occur by following the rules.

Sorry to say this, but I give Alphie's account less than 4 weeks to melt down. You should just go outside and let your 4600 dollars blow away in the breeze, it will be a whole lot less stressful.
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This is stupid advice.
 
Originally posted by aphexcoil


This is stupid advice.
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No it's not. Everything he says is the truth.

Besides he's not advising you to do anything...(as i am not)

but warning you of the pitfalls of what you are trying to do.
 
I am providing my real-life experiences from start to finish for the benefit of people on ET and beginners. Suggesting that one throw their money into the wind as an alternative to learning how to trade is stupid advice -- plain and simple.

I have nothing to gain by showing the world my losing trades. Why would I purposely admit my problems and shortcomings to others? Its because I'm trying to keep an honest journal about the real life struggles of a beginning trader.

I'm sure many of you are highly profitable -- but I doubt anyone who hangs out just to take cheap shots at me is seriously interested in trading -- more than likely, they are just trying to get attention themselves.

I will continue this journal whether you like it or not. So live with it.
 
Settle Down Bevis....

Aphie, what I said about throughing your money into the wind is just referring to an old saying about fighting against the inevitable. I'm not actually advising you to do so.

Aphie, keep in mind that most people do have your best interests at heart and would like nothing better than to see you succeed, we just don't see you headed in that direction based on your actions thus far according to this Journal. :) :)
 
Originally posted by aphexcoil
Screw the journal, then. I will continue to trade but discontinue adding my trades and commentary.
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Personally I would rather see you continue Alphie but all this unnecessary greif your getting now you should probably walk away and focus on your trading.
 
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