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running money - 35% a year
- Thread starter coolweb
- Start date
No more trades today -
Market trending down = I'm out of here.
Thoughts on the markets today:
1) It looked like it was going to hit highs of DIA again today
2) After I think 12:00 , Things started to look downtrending.
3) Market looks down from here.
4) I'm not going to be bagholding some stocks when the market goes down.
5) stop out with large size didn't hurt that much, Doesn't effect me.
Market trending down = I'm out of here.
Thoughts on the markets today:
1) It looked like it was going to hit highs of DIA again today
2) After I think 12:00 , Things started to look downtrending.
3) Market looks down from here.
4) I'm not going to be bagholding some stocks when the market goes down.
5) stop out with large size didn't hurt that much, Doesn't effect me.
PLCM 30.35
CBL 14.07
Never be a bagholder..
----------------
Promagma,
Yes, past few weeks, when market drops big, it usually starts trending up intraday slowly , <b> Today would be the first day in a few weeks where it dropped big yesterday, started a little trend up today, and then broke down. </b>
Could be the start of a downtrend, Either way, Risk management keeps us in check.
I'm not a fortune teller so I can't predict what the S&P market will do.
CBL 14.07
Never be a bagholder..
----------------
Promagma,
Yes, past few weeks, when market drops big, it usually starts trending up intraday slowly , <b> Today would be the first day in a few weeks where it dropped big yesterday, started a little trend up today, and then broke down. </b>
Could be the start of a downtrend, Either way, Risk management keeps us in check.
I'm not a fortune teller so I can't predict what the S&P market will do.
bought yuan dreyfus with all my cash
This is more of a protection of my US dollars during my wait for the next entry, I missed a gold entry 1.5 weeks back.
how this works
when i wait
cash will be in yuan fund
when i expect to trade
i sell the yuan dreyfus fund and trade in US dollars.
ok waiting.
This is more of a protection of my US dollars during my wait for the next entry, I missed a gold entry 1.5 weeks back.
how this works
when i wait
cash will be in yuan fund
when i expect to trade
i sell the yuan dreyfus fund and trade in US dollars.
ok waiting.
I'm looking to go long UNG / Short Oil, equal dollar amounts
Waiting... for a good entry TODAY!
Will be hedged long-short when entering.
---------
likely position
short 2 contracts of CL
Long 160k of UNG
----------------
Price pattern prediction:
1) UNG /NG 4.07 right now
will fall down for the whole day to 4.03 ??? Around 30 ticks-40 ticks.
Today should be RED
2) I will enter around the afternoon, I'd say 2:30 PM when its almost time to close.
3) Reversal will come tomorrow night, if not , exit.
Waiting... for a good entry TODAY!
Will be hedged long-short when entering.
---------
likely position
short 2 contracts of CL
Long 160k of UNG
----------------
Price pattern prediction:
1) UNG /NG 4.07 right now
will fall down for the whole day to 4.03 ??? Around 30 ticks-40 ticks.
Today should be RED
2) I will enter around the afternoon, I'd say 2:30 PM when its almost time to close.
3) Reversal will come tomorrow night, if not , exit.
my thoughts on capital:
Goal: Increase capital in play
200k = 1 house.
I feel like I'm piking with one house.
Most fund managers manage 200 million
200 million = 1,000 houses
Most small fund managers manage 20 million
20 million = 100 houses.
I want to be trading at least 10 houses in play, slowly adding.
============
We step up our game. Increase our experience, Increase our capital.
My goal = $2million in play in 5 years.
30% a year = $600k profits per year.
--------
I'm trading with around 350k right now cash , 700k margin.
So I think within a year, I can get up to 1.5M , I'm not fearing the capital increase, because I've been hedging the risk down to around 0.5% max per trade or even 0.25% , so I'm not fearing at all. But with each good trade, I add around 100k-150k capital.. I don't want the swings down, to be large. I have a lot more money sitting on the sidelines, a lot of it, I want to be putting it into play soon, but that requires a consistent profitable step up.
I've noticed I'm an extreme defensive trader.
pray pray pray!
Goal: Increase capital in play
200k = 1 house.
I feel like I'm piking with one house.
Most fund managers manage 200 million
200 million = 1,000 houses
Most small fund managers manage 20 million
20 million = 100 houses.
I want to be trading at least 10 houses in play, slowly adding.
============
We step up our game. Increase our experience, Increase our capital.
My goal = $2million in play in 5 years.
30% a year = $600k profits per year.
--------
I'm trading with around 350k right now cash , 700k margin.
So I think within a year, I can get up to 1.5M , I'm not fearing the capital increase, because I've been hedging the risk down to around 0.5% max per trade or even 0.25% , so I'm not fearing at all. But with each good trade, I add around 100k-150k capital.. I don't want the swings down, to be large. I have a lot more money sitting on the sidelines, a lot of it, I want to be putting it into play soon, but that requires a consistent profitable step up.
I've noticed I'm an extreme defensive trader.
pray pray pray!
thoughts on UNG price action,
2 things will happen
1) Price will fall all day
I will enter at the end of the day
2) Price will make new 60 min higher highs in the next few hours.
I will enter once it makes a high.
Lets watch, what happens, I'm excited.
profit target = 7% almost , with relatively little risk.
2 things will happen
1) Price will fall all day
I will enter at the end of the day
2) Price will make new 60 min higher highs in the next few hours.
I will enter once it makes a high.
Lets watch, what happens, I'm excited.
profit target = 7% almost , with relatively little risk.