Taking 103K to 1.2million by Year End 2008

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Quote from Syprik:

Sounds like an exciting goal. Wish you the best of luck.

Are you strictly attached to stocks/options? Perhaps I missed it in previous posts, but do you also utilize futures/eminis?

If you are a good technical trader and understand S&P 500 action, IMO you give yourself a much better chance of obtaining $1mil figure by supplementing your stock/option trades with capturing these large weekly moves on the ES. Your goals are lofty and naturally require significant risk. An instrument such as the ES certainly would be part of my arsenal if I had such an extreme goal.

Good luck.

At this point in time, I have no desire to trade futures. I do not think I have a working edge there. When I discover that, and possibly able to automate the trading, I might consider adding that to my trading.
 
I think it is totally possible....

I turned 109k into 400k....part time (only a few hours at nite...in 5 months...

Just dont be a cowboy on great days ...or trade out of anger and watch position and s/l sizes...


3 more months later I am down to 60K....very stupid I know!!!!
 
Quote from WallStWhizKid:



Would you guys rather have that or the power to turn invisible?

Think of how much shit you could pull if you were invisible, like you could go wherever the next report is coming out of read it and then make more than a billion.

i choose invisible
 
Quote from staffpro:

Think of how much shit you could pull if you were invisible, like you could go wherever the next report is coming out of read it and then make more than a billion.

i choose invisible


so you think its impossible?

---------what if u misread the report....or the result was a "buy the rumor sell the fact".....u could lose a billion.....


:D :D



better off...working and trying !:)
 
Quote from neke:

I did try setting the Y-axis to logarithmic, the result is attached. It is not precisely what I want to portray. The expected exponential growth turns to a straight upward line.

True, that is the reason for doing it... it shows how your account is progressing in comparative % terms. Obviously, if you set the minimum value on the y-axis higher to 10,000 or 100,000 it will be clearer.

IMHO on a psychological level it is probably better to at least have this as an additional chart for yourself: as your account progesses the swings that would seem more wild on a linear scale will be put into pespective on the log scale.

Cheers,
Zzoom
 
Weekly Update for week 12 ended 04/04/2008

Moderately positive week, up 2K (2%).

Biggest loser was a SPY put option carried forward from last week, closing on Tuesday on that massive rally day for loss of 5K. Other than that, the rest of the week flowed smoothly with lots of little gainers.

Looking forward to next week.

Code:
Balance B/F:                   	    	107,640
Net gain for the week 		          2,136
------------------------------------------------
Balance C/F:                   		109,776
Number of Trades	            	 21
Number of Profitable Trades    	    	 14

Since Inception of Thread   01/13/2008 - 04/04/2008

Balance B/F:                   		102,615
Net gain (Less Margin Interest)		  7,161
------------------------------------------------
Balance C/F:                   		109,776  (Up 7.0%)
Number of Trades	           	235
Number of Profitable Trades        	137

Expected Balance at this time to be on track for Year-End Target : 
			       185,166

Status:			       Behind Target		(Based on adjusted balance before withdrawals)

Top/Bottom Discretionary Trades for the week

TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAINS/LOSS	TYPE

WYNN	2008-04-02-11-37-56	2008-04-02-15-44-05	900	100980		103950		2950		SHORT
------------------------------------------------
SFBPA	2008-03-24-09-43-26	2008-04-01-10-31-20	10000	23400		18786		-4814		SPY PUT OPTION
 

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btw...what is a really good program to keep track of all trades...pnl etc etc etc...like the one you are showing....when u have a mixture of fx, futures (all types), equities, options etc...thanks
 
Weekly Update for week 13 ended 04/11/2008

Embarrassing week, down 10.2K (9.3%).

Made a 6.7K gain shorting FSLR on Monday. After that I could do nothing right. Every thing I touched went against me. Add to that inability to get out of a losing position, instead averaging in, and panic exits, and that summarized the forgettable week. Devoting more time to getting my automated stuff working.

Code:
Balance B/F:                   	    	109,776
Net loss for the week 		         10,196
------------------------------------------------
Balance C/F:                   		 99,580
Number of Trades	            	 14
Number of Profitable Trades    	    	  6

Since Inception of Thread   01/13/2008 - 04/11/2008

Balance B/F:                   		102,615
Net loss (Less Margin Interest)		  3,035
------------------------------------------------
Balance C/F:                   		 99,580  (Down 3.0%)
Number of Trades	           	249
Number of Profitable Trades        	143

Expected Balance at this time to be on track for Year-End Target : 
			       194,503

Status:			       Behind Target		(Based on adjusted balance before withdrawals)

Top/Bottom Discretionary Trades for the week

TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAINS/LOSS	TYPE

FSLR	2008-04-07-09-46-19	2008-04-07-13-22-26	400	109060		115856		6760		SHORT
---------------------------------------------------------------
BBBY	2008-04-09-16-36-30	2008-04-10-10-31-50	6000	177714		171208		-6557		SHORT
 

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