Apo99 Trade journal from $8k to 1m

[destriero]

Hey guys

Here is and old post il bring back

For the last 8 years I have been consistently trading small cap stocks between (0.25-3$) My strategy also allowed me to trade while in class and at work and also allowed me to monitor my positions from my cell phone and PC at work

I also don’t use a technical system, just price action and volume and reading the bid/ask. I feel like my small cap system is more of an art form than anything else.

I wont be posting my trades for this penny stock/ small cap system but only the results.

The purpose of this journal is for something new, I am trading the opening range of GLD, I have been watching GLD for years since many of the stocks I trade are gold juniors but never traded it.

Im 28 years old In Canada

the goal is $1m big one


2012 net gain $950.00

2013 net gain: $7800.00

2014 net gain: $16300.00

2015 net gain: $65950.00

2016 net gain: $92000.00

2017 net gain: $168700.00 (Best year)

2018 net gain: $97000.00

2019 net gain: $120000.00

2020

Jan: +$6000.00

Feb: (-$30000.00)

March: UNCH

April: +$15000.00

May: +$18000.00

June: +$15000.00

July: $+15000.00

August: $+17500.00

Id be glad to answer any questions

So why start with $8K? You've got a half mil here. Oh yeah, I made $1.2 billion in Aug. Who do you clear? Gull and Bull securities?

 

[Tradex]

$107,000 position twice, for 0.23% profit.
Not impressed.

What??

0.23% a day represents a 78% return per year, on a compound basis.

 

[Tradex]

but if he's doing $15k a month from this strategy month after month, its impressive

Of course it is impressive, this bright young man is already earning a doctor's salary just from his trading activity alone.

He really did his homework, no doubt, you cannot generate that kind of consistent income just by luck, year after year.

 

[apo99]

So why start with $8K? You've got a half mil here. Oh yeah, I made $1.2 billion in Aug. Who do you clear? Gull and Bull securities?

Im sorry i wasn't clear, my account balance in 2012 was 8K, i deposited additional funds as well

 

[apo99]

Of course it is impressive, this bright young man is already earning a doctor's salary just from his trading activity alone.

He really did his homework, no doubt, you cannot generate that kind of consistent income just by luck, year after year.

I appreciate the nice words but its not true. When you factor in how much time i spend on weekends, after work, the amount of money i can make at work if i focus 100% of my time. How much I would have made if i took a regular job out of school as a CFA charter holder, or if i even would have just started a traditional business i probably would have been better off.

 

[destriero]

Im sorry i wasn't clear, my account balance in 2012 was 8K, i deposited additional funds as well

oic, gotcha.

 

[Tradex]

And i have to manage my money better as i have been over spending the last 3-4 years.

Well, just stay away from Sainte-Catherine and Saint-Denis streets (too many "temptations"...) and the Casino of Montreal and you will be fine.

if i even would have just started a traditional business i probably would have been better off.

Wait a minute, you said you wanted to make $1 million with your trading system, yes?

In any case, with the money you are making trading, you can always start a brick and mortar business later, or pursue any other career path you like, no big deal, you are still young.

But one thing is for sure, the priceless trading experience you have acquired so far will last you a lifetime.

 

[apo99]

Today's summary

+$1500 (wired out) from the penny stock strategy (long on a few Canadian gold juniors at the open)

+$200 TFSA same strategy as the penny stock but NO shorting,

+$120 USD from the new GLD system

overall good day

will post more on the criteria and rules to the new GLD system but for now its quite simple.

 

[Option_Attack]

I spend thousands and thousands on drinking, gambling and women. The rest of my money I just waste...

Most of my extra money is spent on Fishing and Cigars, i dont think financial freedom is possible in this type of trading

 

[Tradex]

I spend thousands and thousands on drinking, gambling and women. The rest of my money I just waste...

A true Wall Street trader, then