Project X

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marsman

This is the continuation of my first journal.

Since 2016-08-05 I trade this live account that was initially funded with 10k.
Before that I trained for about 4 weeks with an IB paper account with realtime data that was funded with 1M.

I'm trading equity options and of course also the equities (ie. stocks).
I plan to trade also futures and their options.

Here I'll postly only weekly or monthly results, like many other authors do in their journals.
 
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marsman said:
Since 2016-08-05 I trade this live account that was initially funded with 10k.
Before that I trained for about 4 weeks with an IB paper account
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"4 weeks"...I paper traded/Studied the market for more than Five years o_O:wtf: ...before finally returning to it live, after I lost a significant portion of my account when I first jumped in during the crazy financial crisis days.
 
lawrence-lugar said:
...I paper traded/Studied the market for more than Five years o_O:wtf: ...before finally returning to it, after I lost a significant portion of my account when I first jumped in.
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Similar here :) I had been a hobby trader for many years, then I took a break of about a year and studied the field of options.
Now after doing paper trading with options for some weeks, I recently went live.

Trading has now become my primary business. Before that I worked as a professional SW-developer (C++) for a very long time.
I'm still learning the IB C++ API. I'm making good progress but developing the automation takes some time...
 
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The current acct status after the 2nd day of live trading since starting on last Friday:

prjX.png
 
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Incredible! PL (unrealised) now almost +60%... :)

Update: "unrealised PnL" is maybe not the correct term; I just meant the profit if hopefully all positions expire in my favor, ie. the value $16079 below (called by IB as "cash") minus the initial value of 10k:

Current status:
Tue1.png
 
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If I only had a bigger account then I could make much more of such profitable trades.
With the instruments I'm trading there is much profit possible as the BidSize and AskSize are really big; one just needs to take that liquidity... :)
 
Yeah, you can't count that as a 60% return since you still have those open obligations on the options. That wouldn't even be remotely close to accurate. Nonetheless, good luck with the trading!
 
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