Rennicks quest...100 bucks to 100 grand

Quote from William Rennick:

Mon. 5/19 End of day summary. Day's gain=$4 Acct.Net $122

The trigger was pulled today after a tardy morning "Ball" call forecasting WEAK market action. It was a hairy ride as my qqq June 48 put (yes put, a single little put) was instantly underwater as the averages rallied from the open.

The afternoon call remained NEGATIVE calling for a WEAK afternoon. The expected sell-off hit and my position managed to score a small gain for the day.

Until the account grows a bit my strat is to under-trade to avoid erosion from commissions on a sub-atomic sized account. As such this trade is being held overnight. First upside target is around 140
bucks, with a stop loss set at approx. 80 smackers.

Rennick out:cool:
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I'm amazed that Ameritrade doesn't pull the plug on live trading for being under a minimum limit of some kind . . . I mean "$64 buying power"? Wow . . .

I'm rootin' for ya just the same.
 
funny that you started this. my trading partners and i did something similar to this back in 2000. we started with the minimum to open a futures account($2500), picked a strategy from Bernstein's "Compleat Day Trader" and rolled the dice for a year or until you were broke.

and we were just thinking of doing it again... but i think we will just take bets on you this time around.

good luck.....
 
Quote from William Rennick:

Mon. 5/19 End of day summary. Day's gain=$4 Acct.Net $122

The trigger was pulled today after a tardy morning "Ball" call forecasting WEAK market action. It was a hairy ride as my qqq June 48 put (yes put, a single little put) was instantly underwater as the averages rallied from the open.

The afternoon call remained NEGATIVE calling for a WEAK afternoon. The expected sell-off hit and my position managed to score a small gain for the day.

Until the account grows a bit my strat is to under-trade to avoid erosion from commissions on a sub-atomic sized account. As such this trade is being held overnight. First upside target is around 140
bucks, with a stop loss set at approx. 80 smackers.

Rennick out:cool:
More...

:cool:
 

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Rennick, You are the amazing one. You are not only on the brink of making ET history but on the verge of surpassing yourself once again for the umpteenth time.

All hail the mighty Rennick! :D :D :D
 
Quote from Wrongside:

If you use an abacus to figure out your Fibonacci retracements.........you might be a Rennick.
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Hey, if it works...

:cool:

ps. anyone want to see a 20% plus daily gain.. This is what I call a "base hit", normally I would have already sold. But when youre trading this kind of size you don't want to overtrade...commissions are too high of a percentage at this point. I'm going to let it ride until the "Ball" tells me to go long.
 

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If you are up 20% in a day and can't fill up your tank with the profits...........you might be a Rennick.


By the way, I'm rooting for you
 
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