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trend-expert
10-28-2010, 09:19 AM
I want to attempt a stunt in the public glare.

My goal is to grow an account with a minimum of 2K to 50K with 10 or less trades. How long it will take to grow or blow up the capital is unclear, but I will post all trades with screenshots of orders, charts, and account progress as soon as trades are initiated!

The first trade is the most important in a venture like this, so I'm willing to risk 25% of the total account on the first trade after which I will lower the risk.

My preferred trading instrument is Equity/Index Options.

Trading technique is trend analysis/low premium!
Eric
10-28-2010, 09:36 AM
Best of luck! Luck is probably the wrong word to use but you know what I mean. I'll be keeping an eye on this thread.
mrmarket
10-28-2010, 09:50 AM
16 trades in a row of 15% or better will get you close...
trend-expert
10-28-2010, 10:22 AM
Best of luck! Luck is probably the wrong word to use but you know what I mean. I'll be keeping an eye on this thread.Thanks for the kind words!

My idea of luck in this business is getting stocks that meet certain criteria without stress.
trend-expert
10-28-2010, 10:27 AM
16 trades in a row of 15% or better will get you close...Yeah, a string of profitable trades will certainly get me close.
Deaddog
10-28-2010, 10:35 AM
The first trade is the most important in a venture like this, so I'm willing to risk 25% of the total account on the first trade after which I will lower the risk.

How are you defining your risk?

Does this mean that you will buy $500 worth of options and hold?

Or are you going to buy $2000 worth and cut your loss if you are down $500?

Tough up hill battle with a small account as commish and slippage will eat a good % of your gains.

Good trading; I'll follow with interest.

DD
trend-expert
10-28-2010, 10:56 AM
How are you defining your risk?

Does this mean that you will buy $500 worth of options and hold?

Or are you going to buy $2000 worth and cut your loss if you are down $500?

Tough up hill battle with a small account as commish and slippage will eat a good % of your gains.

Good trading; I'll follow with interest.

DDYep! For the first trade, I intend to buy $2,000.00 worth of options and set a stop loss at 25% below the cost basis!
wooish
10-28-2010, 12:03 PM
With option it's probably achievable only if you have winning streaks like MM. On top of that, you have to have impeccable timing that the stock moves your way. I personally lost tons in options. Good luck.
mrmarket
10-28-2010, 01:41 PM
With option it's probably achievable only if you have winning streaks like MM. On top of that, you have to have impeccable timing that the stock moves your way. I personally lost tons in options. Good luck.

Options are like a crack pipe..
steelman
10-29-2010, 12:09 PM
Agreed!! I may never go back to stocks ....lol , no not really. I do own some stocks. I think it just depends on a persons strategy, risk tolerance and money that is allocated to each trade.
Eric
10-29-2010, 12:17 PM
I understand how options work but I have yet to venture into that territory. I still have a lot to learn.
trend-expert
10-29-2010, 12:53 PM
Account balance: $2,063.74

http://img215.imageshack.us/i/21266439.jpg
Eric
10-30-2010, 12:19 AM
:DAccount balance: $2,063.74

http://img215.imageshack.us/i/21266439.jpg

Okay, do it up!
trend-expert
11-02-2010, 09:57 AM
I am here..looking for trading opportunities good for capital growth. There's a particular trend and time frame suitable for Options trades.

Will update the thread as soon as I get some trades going.