Fun money

V

Visaria

Over a month ago, after a few drinks, a trader friend challenged me to take a small account and compound it up. I stupidly agreed. I'll journal the experience (equity only, i'm not disclosing trades).

Starting account equity: $25000 at 1st June 2015

Closed equity to date: $22500
 
Thanks for your posts.

$25k which is £17k or summit...c'mon, it's not much in the grand scheme of things.

I will be trading anything i fancy from indices to forex. High leverage, of course!

I'm slightly peeved that i lost 10% last month, hence this journal to keep me a bit accountable.
 
i'm taking anywhere between 2% to 10% risks, so a bit of gunslinging...friend reckons i'll lose the lot, i say i should be able to make multiples up to 10x in a year. Well, i am putting me money where me mouth is!
 
When you set risk at 2-10% is that a hard stop and similar question for targets...do you apply hard targets or discretionary exit?

Good luck, hope you do it.
 
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