Thoughts and stories about my journey in the markets.
Sunday, August 30, 2015
Challenge update: 6th target met this week at US$ 75,000
Ready to reach our main target at US$ 100,000 in probably 7 months (we've started the challenge in February), we just reached US$ 89,000 this week in our best week of the year so far, with that crazy volatility we were able to bag almost 40 points on ES, reaching the 6th Stage of our challenge, now we are just 11 points away from our main target at US$ 100k as we start trading 20 lots on Monday, giving us the chance of making (or losing, risk management is key) US$ 1,000 per point (20 lots X US$ 50.00), so it's possible that we reach that goal this coming week.
As soon as we do, we will start it all over again with a US$ 10,000 account, trading 2 lots aiming US$ 100,000 as the main target, so, if you were not able to join us in this challenge, try the next one, I'll warn about the day we intend to start one week in advance.
All trades that we take are posted in our trading room at our website in real time, the Diamond Setups.
Wish you a great trading week! Tomorrow's the last day of August, time flies!
Best of luck!
Posted by @RenaTrader at 6:38 PM 0 comments
Sunday, August 9, 2015
Challenge update: Stage 5 done from US$ 10K to 50k
Finally done with Stage 5, I have reached half way on the Challenge account taking it from US$ 10,000 to US$ 50k in just 7 months, this last stage has been the longest, it has taken me 9 weeks to go from US$ 30k to 50k trading 10 lots on ES (S&P500 e-minis).
Now, we'll start the 6th Stage and our next target is at US$ 75,000 trading 15 lots, that's US$ 750.00/point, so, I will have to make at least 35 points on full size to reach that level, the time I expect it to be reached is from 2 to max 3 months.
If things go wrong and I lose 20 points or more then I'd go back to Stage 5, now, if everything goes as expected then our next target is Stage 7, the last one to reach our final milestone at US$ 100k, let's see if we can make it until the end of this year, I'd like to have it done by Thanksgiving though, we'll see, seeing is believing.
"A goal is a dream with a deadline." - Napoleon Hill
Posted by @RenaTrader at 10:24 PM 0 comments
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