Everyday new subprime mess news is casting a spell and looks like there will be no Santa rally this year.
Do not trade when you are sick. I broke my own rule yestarday.
6th Trade
Dec 19. 2007 10:32:39 STI Buy Jan 65 Put $3.80
Dec 20, 2007 13:48:00 STI Sell Jan 65 Put $5.70
Time: 1 Day
Return: 50% or $190.00 Per Contract
7th Trade ( First Part Dec 17, 2007 )
Dec27, 2007 12:18:41 AMZN Buy Jan 90 Put $2.52 ( Avg )
Likely there will be very few trades for rest of December.
Starting Jan 1st, 2008, we will be posting full trading activity including contracts traded and money made / lost in each and every trade.
We will be starting with a very reasonable account size and try increase account value, with reasonable expectation of 10% return in each trade.
An account of $2000.00 will grow to $ 17908 based on 10% avg return per trade (23 trades)
An account of $2000.00 will grow to $ 49,782 based on 15% avg return per trade (23 trades)
An account of $2000.00 will grow to $ 132,494 based on 20% avg return per trade (23 trades)
Now it is really not feasible to get all winning trades and that is why we have average returns.
Well, something to think about ... and take action to learn.
It takes a while to be consistant and profitable trader and always remember, only RISK capital should be used for trading.
Happy Holidays and we will return in new year.
Cheers.
Harry
