Want to make $1000 a week trading.....I'm going to try!!! Message Board

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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!!

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To: Dan Ross who wrote ()	12/31/1997 5:59:00 PM
From: Cents	Read Replies (1) of 1100

$1000 per week....hmmm...an experiment gone awry because of some terrible market timing...good thought though Dan! I think it may be ultimately doable on half the amount. Lets examine the basic premise then we will chart a course toward the end goal of pretax $1000 per week.... Given: Start point of $5000 Given: Goal of $1000 per week average over a year period. Thats what we start with,a goal and a start point. In this case lofty goals and a relatively meager start point....now lets try to determine a logical path to maximize the probability of not only reaching that goal but of sustaining it. Fact: Time and risk are inversely proportionate to each other. Initially the risk will be high as we are attempting to achieve a return of 20% in the first week. All equity is assumed to be rolled over in order to reduce the relative percentage needed to maintain the set level of equity increase. As the equity builds, the risk factor can be reduced to theoretically lock the system into a safer mode. Fact: All or some of this investment will be at a risk of loss throughout the entire system. This would be especially true during the initial period as the target of return would be a higher percentage of the equity base. Now we can theorize the system. I am submitting step one. Step 1: Minimize the overhead...Most brokers charge too much to really make much on the small moves in a targeted stock. I did some research and I plan on using DBD for this excercise. I know there are probably a lot of good ones but after talking with a lot of daytraders I like this one! discoverbrokerage.com This is only my opinion and it will be a gamble, especially at first. Use your OWN decisions to invest or not to. This is only an extension of Dan's experiment! Lets debate step 2 while I am setting up an account at DBD. Any ideas? Cents

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