Hey All,
I've been a big time lurker and I figured I would start a journal. I've been slowly finding out what's important to become successful, so I figure this will me stay focused and serious to achieving my personal goals.
Currently I have $200, and I want to sniff out 12 sequential winners that will increase my balance by 50% on each trade to come out with $25,000 in 1 year trading equity options.
So, I will list my expectations, my entry, and "hopeful" exit on every trade I do.
Trade 1
Begin $200 - Buy 3 Dell Feb 22.5C @ .55
End $300 - Est. Sell 3 Sell Feb 22.5C @ 1.10
Trade 2
Begin $300
End $450
Trade 3
Begin $450
End $675
Trade 4
Begin $675
End $1012.50
Trade 5
Begin $1012.50
End $1518.75
Trade 6
Begin $1518.75
End $2278.13
Trade 7
Begin $2278.13
End $3417.19
Trade 8
Begin $3417.19
End $5125.78
Trade 9
Begin $5125.78
End $7688.67
Trade 10
Begin $7688.67
End $11533.01
Trade 11
Begin $11533.01
End $17299.51
Trade 12
Begin $17299.51
End $25949.27
I've been a big time lurker and I figured I would start a journal. I've been slowly finding out what's important to become successful, so I figure this will me stay focused and serious to achieving my personal goals.
Currently I have $200, and I want to sniff out 12 sequential winners that will increase my balance by 50% on each trade to come out with $25,000 in 1 year trading equity options.
So, I will list my expectations, my entry, and "hopeful" exit on every trade I do.
Trade 1
Begin $200 - Buy 3 Dell Feb 22.5C @ .55
End $300 - Est. Sell 3 Sell Feb 22.5C @ 1.10
Trade 2
Begin $300
End $450
Trade 3
Begin $450
End $675
Trade 4
Begin $675
End $1012.50
Trade 5
Begin $1012.50
End $1518.75
Trade 6
Begin $1518.75
End $2278.13
Trade 7
Begin $2278.13
End $3417.19
Trade 8
Begin $3417.19
End $5125.78
Trade 9
Begin $5125.78
End $7688.67
Trade 10
Begin $7688.67
End $11533.01
Trade 11
Begin $11533.01
End $17299.51
Trade 12
Begin $17299.51
End $25949.27