Taking $5K to $250K by year end

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Quote from allenhobbs:

Depends on your point of view: to some 2 points sounds very small; to others, it is an insurmountable task.

Do you trade ES? If so, try winning "only" 2 points each and every day. (If you're doing better than that, you are in the top 5% of traders in that market.)
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I've never traded ES, so I wonder what you trade, ESM8? For a trade like this my broker trading platform shows a $4,500 margin.
I wonder how were you able to trade 2 with a $5,000 account.
 
Quote from YouCan:

I've never traded ES, so I wonder what you trade, ESM8? For a trade like this my broker trading platform shows a $4,500 margin.
I wonder how were you able to trade 2 with a $5,000 account.
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Many brokers will allow you to daytrade the ES with a margin as low as $500 per contract, but I do not recommend it.
 
Quote from allenhobbs:

I'm confused by your comment. Can you explain it? Thank you.
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I established my account with Elite Trader yesterday and I named myself "YouCan" - because I wanted to encourage your experiment, and all those who feel like "I can't!"

I was inspired by your journal and promising first month, in which you doubled your account.

Some readers of your Journal are suspicious of your high goals and good intentions. So when they saw my name posting the first post and being so appreciative of your system, jumped to the conclusion that it's you under a different name.

But it's not you. Yes, You Can do what you try to do, but it's me who is saying it, not you.
 
TradStSOX you have a very interesting Journal, if only for the trading technique you employ to achieve your gains.

I'm sure you would like people to respect the integrity of your Journal, just like allenhobbs would like you to respect the integrity of his.

Good trading.
 
Week 5 Summary:

Total trades: 72
Contracts per trade: 3
Points won/(lost): 10.75
Profit/(Loss): $699.

Beginning account balance: $5,000.
Ending account balance: $10,179.

% Increase (decrease) 103.58

Comment: I am dissapointed with the performance this week and expect better going forward.
 
Quote from allenhobbs:

Comment: I am dissapointed with the performance this week and expect better going forward.
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I knew your were going to say that.

The Journal is coming along fine ... just focus on hitting your target every day and I can gauarantee you the rest will take care of itself.

Good trading.
 
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