Taking 1million to zero in "n" months.

[PHOENIX TRADING]

Unless the unemployment number comes up rosy, yesterday is another example of where it's actually costing me money to work my regular job.

I wanted to be out end of day and didn't have the ability to put those orders in , I expect it to coast me a minimum of 1 months pay.

 

[gmst]

Quote from PHOENIX TRADING:

Unless the unemployment number comes up rosy, yesterday is another example of where it's actually costing me money to work my regular job.

I wanted to be out end of day and didn't have the ability to put those orders in , I expect it to coast me a minimum of 1 months pay.

Its hard to manage a full time job with a proper trading operation. But can't you manage to login in your office or if it is not possible to get off your seat, get into a corner and place the order on your mobile ?

 

[keeptradin']

Quote from PHOENIX TRADING:

Unless the unemployment number comes up rosy, yesterday is another example of where it's actually costing me money to work my regular job.

I wanted to be out end of day and didn't have the ability to put those orders in , I expect it to coast me a minimum of 1 months pay.

How about broker-assisted trades on days when you can't be in front of the screen constantly??

Yes, they cost more than self-directed, but not a month's pay.

Or, you could give one of us your login info, and we'll take care of it for you...LOL!!

 

[PHOENIX TRADING]

Quote from gmst:

Its hard to manage a full time job with a proper trading operation. But can't you manage to login in your office or if it is not possible to get off your seat, get into a corner and place the order on your mobile ?

I work on the road in a rural area by the time I got to a wi-fi spot market was in after hours trading ( by just a few minutes) much much too illiquid.

 

[PHOENIX TRADING]

Quote from keeptradin':

How about broker-assisted trades on days when you can't be in front of the screen constantly??

Yes, they cost more than self-directed, but not a month's pay.

Or, you could give one of us your login info, and we'll take care of it for you...LOL!!

It would not have helped in this case.
It was a situation where I needed to evaluate the news and other market action in order to make a decision. It's not like I knew I should get out several hours earlier.

The solution is obviously give less timeliness priority to work.
Besides I plan to cut back to only 2days/week employment next year anyway in order to meet IRS guidelines for "trader in securities" status.

That status is very important in case of losses for the year.

 

[PHOENIX TRADING]

from G-Unit:



1)I think you have a lot more to worry about in your own life than Obama winning re-election.
2) You're letting your anger over politics control your life and you're using it as an excuse for your failures.

Quote from PHOENIX TRADING:

1) Yes , I suppose my new business next year is more important.


2) What failures?

 

[PHOENIX TRADING]

Quote from G-Unit:

1)Look who's talking. Anyone with a dumb journal title like that is just dumb period. Where are you on your dumb journal title now? 2) Has anyone said to you, "good job", apparently you have no clue. 3) Why aren't you posting your results? 4) Everyone is waiting for your account blowup. You might as well take your money to Vegas or local Indian Casino.

5)I don't trade on politics but seems like you do because that's all you rant about and you add it to your trading journal too. Which is more hillarious.

Apparently you are so in love with Hoover that you hope to have him on the dime instead. 6) Apparently the majority of Americans don't agree with you on Hoover. There are crazy people like you out there just like there are people that don't believe the world is round. You're definitely one of them. 7) How does it feel to be a minority? LOL

1) I think you've made it clear you think that the title and I are both dumb. Perhaps it is and I am , I was just trying to interject some humor into the subject that's allowed isn't it?

2) If you bothered to read some comments here you would see exactly that.
3) Generally I post my results once a week on friday evenings.
4) Well isn't that why everybody reads these journals?
I'm certainly not going to give you any specific trading lessons, besides I consider myself just a very very aggressive investor vs a true trader (someone who believes active mgmt).
5) Politics affect the markets what can I say. I'll try not to inject
ideology into my political analysis in my journal.
6) I can't help it if the majority is poorly informed on the subject of Hoover and the Great Depression.
7) I feel comfortable with it , superior people are always going to be in the minority.

 

[PHOENIX TRADING]

This week could have gone better, I got flat thursday morning and remain so over the weekend.

There was speculation that I would not be working in my usual area next week and I really would hate being in a position that I couldn't monitor and exit if the market were to get ugly on me.

I've been pretty lucky so far , the question is how much is it going to cost me when the market turns bearish.

Yes I've had and still have a bullish bias.

5.1% gain on the week.

 

[G-Unit]

Quote from PHOENIX TRADING:

2) If you bothered to read some comments here you would see exactly that.
5) Politics affect the markets what can I say. I'll try not to inject
ideology into my political analysis in my journal.
6) I can't help it if the majority is poorly informed on the subject of Hoover and the Great Depression.
7) I feel comfortable with it , superior people are always going to be in the minority.

Hoover Trading:
2. I scratch my head over this. People have asked you why you call your journal this. I don't see where people are congratulating you on your journal other than people being entertained by it. If you want to be an entertainer, you can do stand up comedy. The point of trading is not to entertain others
5. When most people join the fray into trading on politics, it's often too late. You said you can't even monitor or trade while you are at work which will be detrimental to you but you still continue with it. Basically you're nothing than a long term investor or long swing man. Buy and hold. Hold the bag. Like I said, take it to the casino. All to support the journal title I suppose. But who knows, you got a 50% chance.

6. HAHA.. How many people here think Hoover was a great president? History shows that he sucked. You have no clue.

7. HAHA.. Wow.. there are still Neo Nazi's running around. There are still people walking around with voices in their heads. They're in the minority. This journal title along with your claims of Hoover being a good president are just evidence that you may be hearing voices, greedy, or just not educated in history. Probably the latter two.

Keep your journal going. It is entertaining. However being that Hoover was a terrible president, I do respect that this is your journal and not for politics. So this is the last political discussion I will have here as long as you do the same.

 

[PHOENIX TRADING]

Quote from G-Unit:

Hoover Trading:
2. I scratch my head over this. People have asked you why you call your journal this. I don't see where people are congratulating you on your journal other than people being entertained by it. If you want to be an entertainer, you can do stand up comedy. The point of trading is not to entertain others
5. When most people join the fray into trading on politics, it's often too late. 6) You said you can't even monitor or trade while you are at work which will be detrimental to you but you still continue with it. 7)Basically you're nothing than a long term investor or long swing man. 8) Buy and hold. Hold the bag. Like I said, take it to the casino. All to support the journal title I suppose. But who knows, you got a 50% chance.

9). HAHA.. How many people here think Hoover was a great president? History shows that he sucked. You have no clue.

10). HAHA.. Wow.. there are still Neo Nazi's running around. There are still people walking around with voices in their heads. They're in the minority.11) This journal title along with your claims of Hoover being a good president are just evidence that you may be hearing voices, greedy, 12)or just not educated in history. Probably the latter two.

Keep your journal going. It is entertaining. However being that Hoover was a terrible president, I do respect that this is your journal and not for politics. So this is the last political discussion I will have here as long as you do the same.

2) If you have not seen where posters have congratulated me , you are not looking but that's okay as long as you are entertained it's good. The point of my trading is to make money. The point of my journal is to document my progress and perhaps discuss my investing philosophy etc, if that entertains you that's cool.

5) It's hard to predict any new information's effect upon the market.

6) Sometimes I can sometimes I cannot.

7) Evidently I'm a swing trader, I don't see anything wrong with that.
My information suggests in general ,returns are inversely
proportion to turnover.
8) I don't adhere to either extreme but for MOST market participants there is a wealth of information out there that shows a passive portfolio is superior in terms of risk/reward than active investing.

9) I never said I thought Hoover was a great president. Only that the usual HS and college spiel is in error( ie. as if he were a non-interventionist).

10) I guess there are but I have no idea what that has to do with me.

11) Oh I'm definitely greedy, I'll grant you that.


12)
Well I probably know more history than most people since I have a BA in the subject , however it has more breadth than any other field of study than I know of except possibly medicine.