Will I make it or never post here again?

[SethArb]

JACK

do you mind me asking how the blazes you only traded stocks for 6 months and are profitable so soon ?

was it only buys ?
did you ever go short a stock , even intraday ?
did you ever use options ?
do you use any software or backtest any strategies
before you started to trade stocks ?

by the way ... are you under 35 ?

 

[jackassery]

Quote from SethArb:

JACK

do you mind me asking how the blazes you only traded stocks for 6 months and are profitable so soon ?

was it only buys ?
did you ever go short a stock , even intraday ?
did you ever use options ?
do you use any software or backtest any strategies
before you started to trade stocks ?

by the way ... are you under 35 ?

Yup my Short Term Gain has been $49,295.81 and my Short Term Loss $37,746.86. With the result being a net gain of $11,548.95 from July to December. I just ran my account through tradelog to get my Schedule D to do my taxes last week.

As for how I did it I will honestly say I have no good answer. I studied and read and kinda just jumped in. I have shorted but I would say those trades are a small fraction of my overall trades. I never traded options although I investigated it and considered how to use them. No software use other than my trading platform and no strategy backtesting ever.

As for the last part, I'm 20 and I'm a junior at a UC getting a degree in economics. I work at a few different places a day or two a week as well as working about 35 hours a week as a network admin for a real estate licensing company. And thats my life.

-Jamaal

 

[SethArb]

you use tradelog ? does this mean you are an active trader who traded everyday ?

don't tell me you are considering filing for
"trader status" while still a university student?

in my opinion ... you might want to check
out some internship with a trading firm or
bank if you have a special skill set beyond
having made a few thousand in the market

have you ever heard of IBD ? canslim ?
did you ever trade a CRAMER pick ?

can you please tell us what percentage of stocks
you traded were penny stocks if any ?
what percent were ETF's
what percent were over $50 a share in price?

can you give a few examples of winners and losers
stating why you bought or sold for profit or loss?
( if this gives away your secret to making money
then its ok if you decline to do this )

 

[murray t turtle]

Quote from jackassery:

So I just opened a new account to trade futures. I've been trading stocks for the past 6 months and have done pretty well although that all may have just been good luck. I've been watching ES and YM and have been learning and reading everything I can about them and why I will lose all of my money. Im starting with a $5000 account and I have committed that if I lose $1000 I'll close the account and move the money back to my other brokerage and forget about futures for now. So my question to you all is in the poll. Do you think I'll make it to $6000 or $4000 first?

===========

Jack;
That sounds somewhat wise , limit losses to 1k AND 1 contract;
almost certain you will lose with 2 contracts[about 100k +worth]
=================================

Even though papertrade monopely money is nothing like real time; derivatives, papertrade anyway, study the trades;
NOT likely if you fail in papertrading ,you can do realtime.

Sounds like you are a quick learner,;
however options & futures are not suitable for all investors.
========================================

Stocks trend longer usually , wisdom is profitable to direct;
emini-derivatives reverse much quicker, sharper.

Usually several high probability setups per day ,sometimes none in ES,YM;
may want to read Everything on elitetrader.com on ES,YM.

Stay out of sideways slop trends.

The youngster asked the old timer ,''Sir can this bird I have in my hand live?????''
That really depends on you son ,
the old timer said.

 

[StacyTrader1]

You can DO it!

Ciao!