Jpomerenke's Trading Journal

Quote from Trend Fader:

I am not trying to bash you. But making $50 for the week is not remotely close to making a living.
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I think Joey has only been trading live capital for 2 or 3 weeks. The point at this point for him, IMHO, would not be to make a living but to learn and make cheap mistakes.

Brandon
 
Quote from Brandonf:



I think Joey has only been trading live capital for 2 or 3 weeks. The point at this point for him, IMHO, would not be to make a living but to learn and make cheap mistakes.

Brandon
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I agree.. all I am saying is that when you starts to really trade to make a living.. his risk to reward profile will change.

So taking those stats he has now which is based on 100 share lots is not a realistic assesment.

--MIKE
 
Hmm $50 a week? ive averaged $175 gross the last 4 weeks. One of those weeks was me trading 2 days. I just raised to 200 shres this week. This was a bad week for me, yes, il agree. I look at average and long term. If i was to look at each day and week seperate id get scared and run away from trading prolly :)
 
Quote from Trend Fader:




I agree.. all I am saying is that when you starts to really trade to make a living.. his risk to reward profile will change.

So taking those stats he has now which is based on 100 share lots is not a realistic assesment.

--MIKE
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I plan on making my risk to reward better, i was just ppointing out how im doing. That is all i was doing :)
 
Quote from jpomerenke:

Hmm $50 a week? ive averaged $175 gross the last 4 weeks. One of those weeks was me trading 2 days. I just raised to 200 shres this week. This was a bad week for me, yes, il agree. I look at average and long term. If i was to look at each day and week seperate id get scared and run away from trading prolly :)
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Dont worry Joey. I know where you live. You can still buy a 3000 sq foot house for under $10,000 up there (seriously)...so your well on your way to being the richest guy in town :)

Brandon
 
Quote from Brandonf:



size=slippage
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On a liquid Nasdaq stock, there really isn't much slippage if you're trading 1-2K sh lots. I've traded 100 sh lots and 1500-2000 sh lots on Naz with no variance in slippage between the 2 sizes.

So, unless Joey is planning on upping size to 5-10K sh lot, I think slippage won't be that much of an issue.

Just my $.02 (-$.01 with slippage)

-FastTrader
 
Quote from jpomerenke:

Hmm $50 a week? ive averaged $175 gross the last 4 weeks. One of those weeks was me trading 2 days. I just raised to 200 shres this week. This was a bad week for me, yes, il agree. I look at average and long term. If i was to look at each day and week seperate id get scared and run away from trading prolly :)
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You keep on excluding costs of commisions. Please give us a more realistic earnings. Gross figures is not how much $ you really made.
 
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