Passage to $1 Million
- Thread starter smilestraders
- Start date
Quote from creekboy:
smiles -so do you drop back now to 2 contracts -because your below 9k -dont sweat the draw down -adjust your timing -remember the 1 thing this computer driven market has in its favor is time -and if your inside the pocket -it will stop you out -
keep at it and keep your chin up -
Hi Creekboy,
Thanks for the continued support.
Yes, we go back to 2 contracts, and we look forward to growing the account. We agree that drawdowns are part of trading.
This is precisely what makes this journal special. We do not hide our trades good or bad. There are the challenges that we expect.
This also goes back to our original goal:
" My goal is to show that it is not impossible to achieve decent success with modest capital available."
Going along with this goal, we did not intend the equity to go straight up. There would be drawndowns. This is part of trading, and important thing for traders to understand. This allows us to continue towards our goal.
Again, thanks for the support and encouragement.
Smiles
Daily Summary for Tues 07/20/2010 and Wed 07/21/2010
TUES
S 1061 s/o 1063.50 -2.5/contract total -5
S 1064.25 exit 1 1061 +3.25 exit 1 1062.75 +1.5
Add-on S 1063.25 exit 1061.75 +1.5
TUES total+1.25 trading 2 contracts
WED
L 1082 s/o 1080 -2/contract total -4
L 1078.75 exit 1 1081.75 +3 exit 1 1080.25 +1.5 total +4.5
S 1080 exit 1 1076.5 +3.5 exit 1 1074.50 +5.5 total +9
WED total +9.5 trading 2 contracts
The account is back over $9K, so we will resume trading 3 contracts.
Smiles
TUES
S 1061 s/o 1063.50 -2.5/contract total -5
S 1064.25 exit 1 1061 +3.25 exit 1 1062.75 +1.5
Add-on S 1063.25 exit 1061.75 +1.5
TUES total+1.25 trading 2 contracts
WED
L 1082 s/o 1080 -2/contract total -4
L 1078.75 exit 1 1081.75 +3 exit 1 1080.25 +1.5 total +4.5
S 1080 exit 1 1076.5 +3.5 exit 1 1074.50 +5.5 total +9
WED total +9.5 trading 2 contracts
The account is back over $9K, so we will resume trading 3 contracts.
Smiles
We will be hosting another free live trading session. More details will follow, but the date is set for Monday July 26th, 2010. We will try a new platform to address the communication issues experienced last time.
Smiles
Smiles
Daily Summary for Thurs 07/22/2010:
S 1080.50 so @ 1083 -2.5/contract
L 1089.25 exit b/e
For those interested in following along real time:
http://www.facebook.com/pages/SmilesTraders/130790796936898?v=wall
or
http://twitter.com/smilestraders/
S 1080.50 so @ 1083 -2.5/contract
L 1089.25 exit b/e
For those interested in following along real time:
http://www.facebook.com/pages/SmilesTraders/130790796936898?v=wall
or
http://twitter.com/smilestraders/
For Friday 07/23/2010:
SHORT 1090.75 +2, +4.75, +3
LONG -1.5 all 3 contracts
Total +5.25 points trading 3 contract.
Weekly Summary:
The account grew by $412.50 this week. We traded 2 contracts to start the week and then moved back up to 3. We will be trading 3 contracts during the live trading session on Monday.
Enjoy your weekend,
Smiles
SHORT 1090.75 +2, +4.75, +3
LONG -1.5 all 3 contracts
Total +5.25 points trading 3 contract.
Weekly Summary:
The account grew by $412.50 this week. We traded 2 contracts to start the week and then moved back up to 3. We will be trading 3 contracts during the live trading session on Monday.
Enjoy your weekend,
Smiles
During the live session on monday, we will do our best to post the trades real time on facebook, but the live session will be given priority. Just wanted to give everyone a heads up, if the posts seem to be a bit behind.
Smiles
Smiles
questions:
1) where is your audited tripling?
2) where is your system stats, as only a juvenile or newbies are impressed by reward without risk
3) by "we" and the constant waving of your emails and other sites, when do you try to convert this into a pay site, while pretending to be a private party? Are you a broker or someone trying to quietly build a paid service on the back of this site?
Today's live trading session went well. The market didn't cooperate too much in the afternoon, but we were able to pull out some profits before lunch.
Daily Summary for Monday July 26th, 2010:
S 1103.50 exit 2 1098.50 exit 1 1102 +11.5 total
S 1100.50 exit 2 1098.50 exit 1 1099.25 +5.25 total
L 1099.75 exit 2 1100.75 exit 1 1102.50 +4.75 total
S 1105.75 s/o all 1106.50 -2.25 total
S 1106.00 s/o all 1106.75 -2.25 total
L 1106.75 s/o all 1104 -8.25 total
L 1104.75 exit 2 1106.25 exit 1 1104.75 +3 total
S 1109.75 exit 2 1108 exit 1 1108.50 +4.75 total
Total trading 3 contracts +16.50 points. 5.5 points/contract. A good day.
Smiles
Daily Summary for Monday July 26th, 2010:
S 1103.50 exit 2 1098.50 exit 1 1102 +11.5 total
S 1100.50 exit 2 1098.50 exit 1 1099.25 +5.25 total
L 1099.75 exit 2 1100.75 exit 1 1102.50 +4.75 total
S 1105.75 s/o all 1106.50 -2.25 total
S 1106.00 s/o all 1106.75 -2.25 total
L 1106.75 s/o all 1104 -8.25 total
L 1104.75 exit 2 1106.25 exit 1 1104.75 +3 total
S 1109.75 exit 2 1108 exit 1 1108.50 +4.75 total
Total trading 3 contracts +16.50 points. 5.5 points/contract. A good day.
Smiles