Taking $5K to $250K by year end

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Just got caught in the unexpected BSC rumour spike. Had a sell limit @134700 for hours and just got blown out to a 6 tick stop in a nanosecond. Still up on the day. Oh well, that's trading.
 
Quote from allenhobbs:

I've been toying around with this idea and now is as good as time as any to try this. The official start date is March 3, 2008 and ends December 31, 2008. During this period, no additional capital infusions are allowed and the desired goal is before commissions.

I really haven't thought about how detailed this journal should be and I'm a bit lazy on top of that, but please give me your thoughts on what should be included. This isn't an excercise in self-aggrandizement, but rather a personal challenge to see if this sort of thing can be achieved trading the ES intraday.

By way of brief background, I was a CFO at a large company that was acquired by a private equity firm a couple of years ago. I stayed on for a month and then retired at the ripe age of 40. Trading has fascinated me for a long time and I decide to take a small piece of my windfall from the sale to get into this business. The first year was spent learning--and losing. Second year was profitable with good equity growth curve month by month.

Now comes the hard (and fun) part.
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No kidding a CFO at a large company, no wonder that tells of the state of our financial system. Just doubling your money will take the heck out of you and the euphoria that comes with it is impossible to manage even for the most seasoned...
 
Quote from ashatet:

No kidding a CFO at a large company, no wonder that tells of the state of our financial system. Just doubling your money will take the heck out of you and the euphoria that comes with it is impossible to manage even for the most seasoned...
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You sound angry. What is bothering you about this challenge?

By the end of this week, the account may be $10K, double from inception.
 
Allen,

Others reading your jounal may be angry at their own lack of profits or jealous of your success thus far, but I find your journal very inspiring and wish you continued success. I'm looking forward to seeing you achieve your goal and hopefully you'll share some of your methods here in the future.

One thing I'm curious about is that it seems you prefer to trade in the pre-market rather than the regular session. If that is so, can you shed some light on why you prefer it? Thanks.
 
Quote from stream09:

Allen,

Others reading your jounal may be angry at their own lack of profits or jealous of your success thus far, but I find your journal very inspiring and wish you continued success. I'm looking forward to seeing you achieve your goal and hopefully you'll share some of your methods here in the future.

One thing I'm curious about is that it seems you prefer to trade in the pre-market rather than the regular session. If that is so, can you shed some light on why you prefer it? Thanks.
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Thank you for those kind words steam09.

I treat this as a business. The sooner I can get done making my profit, the better to quit and spend time on other things. Many of the major economic reports are released before the opening and that presents opportunites.
 
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