*Simulated* Trader P/L 2007

total paper loss -$128

At least I tried to lower my avg daily loss. worst loss limit i have set for myself is around -$160 per day.
Currently good days have no limit to upside.
 
Quote from aqtrader:

paper net 975.86 on 11660 shares
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I think it is a very dangerous strategy that you play. If your risk management is very strict then it could be working but I am skeptical about the long term perspective.
 
DAY 6


Easy money, 7 points total. No major mistakes. The market was trending nicely after the zig zag in the first 30 minutes of the morning. So the numbers are :

7 x 50 = 350 less $35 comm. less 40% taxes ($140) = $175 take home. Very happy with the result. :D :D :D
 
Quote from saxon22:



7 x 50 = 350 less $35 comm. less 40% taxes ($140) = $175 take home. Very happy with the result. :D :D :D
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Your broker takes out 40% taxes? What country are you in?
I have never seen this at ET and I have seen a lot...:p
 
Quote from version77:

Your broker takes out 40% taxes? What country are you in?
I have never seen this at ET and I have seen a lot...:p
More...


Version,
I am from USA. What is your tax liabilty and what country are you from? As this is paper thus far I haven't actually done the tax thing yet. Would be interested in what to expect from IRS.

Thanks

JIM
 
Quote from version77:

Your broker takes out 40% taxes? What country are you in?
I have never seen this at ET and I have seen a lot...:p
More...


NYC USA - if you combine all the tax liability, it is around 40%.
 
#1) +2.1
#2) -1.6 Wasn't even a signal. Got fancy and wammo!
#3) +1.9
#4) +3.1
------------------
(5.5x100=$550.00)- (4RTx5.5=$22.00)= + $528.00

3 Day total=+ $324.00
Today =+ $528.00
-----------------------------
Cumulative=+ $852.00

Il Stupido only stopped in once. Otherwise stuck to plan.
Hope everyone did well.

JIM
 
No trade today.

Looks like everyone did good today.
keep up the good work and one day would like to see you all promoted to real P/L thread.
 
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