Double account challenge - $116,500 to $233,000

[qlai]

What leverage are you planning to use to achieve 100%?

 

[fan27]

What leverage are you planning to use to achieve 100%?

To be clear, there is no time constraint to get the 100%. Could be one year...could be 5. Currently my position size for stock trades are just under 15% or equity. Will likely scale up to 25%. Most of the time no leverage will be used, though if things start cranking I would likely keep adding positions until 2 / 1 leverage.

 

[fan27]

#3 How do you know whether to take the 1/2 off at 15% or 20%? Do you have a sell stop in the market?

Look left on the chart. The big spike in Nov showed lots of supply in that area. (Seagate)

Both F and STX have a BE stop. It is a judgement call on the 15 to 20%...depends on how fast the stock is moving. For the STX trade, if QQQ bounces here I will likely make money on the trade. If we continue to sell off I expect to get stopped out.

 

[fan27]

Out of curiosity, if it would be a losing strategy to short, then does it not follow that its a losing strategy to initially exit the long?

I know that sometimes when you have no idea what is happening, or the market isn't clear, its best to be flat. But disregarding emotions, does it not make sense that if one is not prepared to short, exiting a long position is just as likely to be a mistake as not shorting?

Not at all. Think about it, not wanting to be long a stock does not mean you want be short the stock. Looking at the NUE trade above...I am more inclined to look for another opportunity to go long. Often times a BO fails only to come back and then BO again. For example:

 

[deaddog]

Both F and STX have a BE stop. It is a judgement call on the 15 to 20%...depends on how fast the stock is moving. For the STX trade, if QQQ bounces here I will likely make money on the trade. If we continue to sell off I expect to get stopped out.

Is your stop in the market or do you monitor in real time.

 

[fan27]

Is your stop in the market or do you monitor in real time.

It is in the market. I have a day job and can't monitor things all day.

 

[fan27]

Attached are some screen shots of setups. Be sure to read the ReadMe.txt.

 

[fan27]

Algos took a bit of a dump today but had a nice late day recovery. Stock trades holding up nicely.

 

[fan27]

Algos took a bit of a dump this week and stock trades basically flat. Sold half of F and hope to ride the rest to $30.