This is a test on a small $3,500 account to Swing Trade Stocks. The objective is to be able to make a steady return by taking short and long stock positions without experiencing large drawdowns that can happen by buying an Index Fund. If successful then it could be ramped up to trade much larger sums because the trading pool will be large volume stocks.
I will post a screen shot my TOS "Cash and Sweep Vehicle" that shows a time stamp for every trade and also my personal spreadsheet that records every trade with W/L percentages, profit ratios, etc.
I floated this idea of making a 10+% a year on a large base in my previous thread "Managing a Large Account for Income" and the unanimous advice was that I was dreaming. That did not upset me because they are probably right but it does take the pressure off as I go in a big underdog that is expected to fail so I will have some fun giving it a go.
Here are the basic rules
1. Although this is a margin account I will not let the Cash Balance go negative
2. I will select trades from a pre selected pool of 64 stocks.
3. I will use a very simple system consisting of a naked chart with one study-tool-indicator on the chart.
4. I will size positions at approximately $250 to $350 each so some positions will be one share.
5. I started on Wed June 2nd and will compare results to the SPX and NDX June 1st close.
6. This may be a very short-lived Journal but we shall see.
I will post a screen shot my TOS "Cash and Sweep Vehicle" that shows a time stamp for every trade and also my personal spreadsheet that records every trade with W/L percentages, profit ratios, etc.
I floated this idea of making a 10+% a year on a large base in my previous thread "Managing a Large Account for Income" and the unanimous advice was that I was dreaming. That did not upset me because they are probably right but it does take the pressure off as I go in a big underdog that is expected to fail so I will have some fun giving it a go.
Here are the basic rules
1. Although this is a margin account I will not let the Cash Balance go negative
2. I will select trades from a pre selected pool of 64 stocks.
3. I will use a very simple system consisting of a naked chart with one study-tool-indicator on the chart.
4. I will size positions at approximately $250 to $350 each so some positions will be one share.
5. I started on Wed June 2nd and will compare results to the SPX and NDX June 1st close.
6. This may be a very short-lived Journal but we shall see.
