Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 690.64

+1.9%

Feb 6 4:00 PM EST

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To: MeDroogies who wrote (27193)	10/10/2002 3:48:07 PM
From: Dr. Stoxx	Read Replies (2) of 39683

I lost on that one too...it was the right call for about 10 minutes...then the market decided to reverse. As I said in the room, it is best to diversify. The ACDO trade lost 4.2%while the SLAB long trade today gained 11%. Net of 7%, plus gains on all our open longs = NICE DAY! I started trading with $2000...which had to be replaced a few times before I began being profitable. And with $10 commissions on Datek it was nearly impossible, but now with IB it is possible to start that small. So let's say you start there. Divide by 4, for $500 per position...and take the occasional 5th position using margin (use sparingly!). This would mean: 11 shares ACDO short: -22.35 26 shares SLAB long: +50.00 Net: +27.65 (+1.4%) Weekly income: $138 Monthly income: $594 ROI per month: +29.7% Try compounding that quarterly...and soon enough you are trading with the big boys!! TC

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