Thank you monti1A.
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Taking $5K to $250K by year end
- Thread starter allenhobbs
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<i>"Jeez, you're really giving the nay-sayers a carte-blanche with this one ... there's only one reason you would make this call ... "</i>
One good reason I can think of being it's impossible to be profitable every day. Too many traders fixate on every single day as if it's a critical event. In reality, each day is an equal 1/250th of each calendar year.
Keep the losses small and profits tall, Allen. Fridays get here soon enough for everyone.
One good reason I can think of being it's impossible to be profitable every day. Too many traders fixate on every single day as if it's a critical event. In reality, each day is an equal 1/250th of each calendar year.
Keep the losses small and profits tall, Allen. Fridays get here soon enough for everyone.
It never crossed my mind about the daily profitability. So far, I've had only one losing day and that was basically due to commission.Quote from austinp:
<i>"Jeez, you're really giving the nay-sayers a carte-blanche with this one ... there's only one reason you would make this call ... "</i>
One good reason I can think of being it's impossible to be profitable every day. Too many traders fixate on every single day as if it's a critical event. In reality, each day is an equal 1/250th of each calendar year.
Keep the losses small and profits tall, Allen. Fridays get here soon enough for everyone.
It's more a matter of so many skeptics--and me having to police this journal from the saboteurs--that drive that decision.
However, if those of you who are genuinely interested strongly feel that daily statements are an important part of the experiment (and I don't believe they are), then I will reconsider. Perhaps someone wants to start a poll?
There is no pressure issue.
The focus of the Journal hasn't changed. It is a performance based project. It's not about my methods, setups, or state-of-mind. At the end of the week, I include a very brief comment that I think is relevant when reviewing the weekly performance.
The focus of the Journal hasn't changed. It is a performance based project. It's not about my methods, setups, or state-of-mind. At the end of the week, I include a very brief comment that I think is relevant when reviewing the weekly performance.
I don't think it's a big deal to post weekly, but some will be wondering if additions are being made to the account if they don't see each daily run.
Quote from estrader86:
I don't think it's a big deal to post weekly, but some will be wondering if additions are being made to the account if they don't see each daily run.
Very good point. I didn't think of that. Don't want to give the doubters more ammo, but then again they will question anything other than failure.
Quote from allenhobbs:
Very good point. I didn't think of that. Don't want to give the doubters more ammo, but then again they will question anything other than failure.
I don't mean disrespect but failure has 95% expectancy so there
is not much to question only rare events are usually questioned
and such is human nature /see Jesus case/ and your experiment
mind you -"experiment"/ is certainly one of them rare events should
it ever come to an end as desired.. I mean experiments can not
be based on faith,believes,etc..I think you will agree on that..
all the best with your progress..
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