Made a small profit of +185 but couldnt take a picture as it was a limit order and got fullfilled while I was away. It was a short taken at 1385 just went the market slipped down a bit.. i think about 5 points.
Wednesday, February 27, 2008
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6 comments:
Nice work, man. I'd like to get to the point where I am making returns around there during the day. How much capital did you start out with or what would you recommend starting with? I'm looking to start somewhat soon...
answer to your question - Jim Cramers recommendations
I started with $2500 but really didn't need it since I only trade with 1-2 contracts a day. Maximum I go upto 3 which means, depending on your broker, $1500-2000. I can't tell you my broker.. first, cuz I don't want to advertise and secondly cuz I don't like them too much.
it seems like your trading has improved since u went to work, and limit your screen time...is that asessment accurate? either way, nice job
well yeah mwf, I would say. More screen time, less trade = growing more impatient. Results in over trading, revenge trading and what not. Although before I started working, only to fool my 'rents that am not wasting my life (loll), I only traded the afternoons.. the more I watch the screen the more I want to pull the trigger. Though it's best to know when market makes moves or come and see if it's making any and just leave the trading alone.
"Though it's best to know when market makes moves or come and see if it's making any and just leave the trading alone."
i totally agree - even though i don't always follow that advice
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