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: vic vreeland who wrote (979)	3/8/1998 12:51:00 PM
From: Mike McFarland	Read Replies (1) of 1100

Well I guess I am the one guilty of clutter, so I must apologize. Well, that's three strong votes to keep things as they are...(and I didn't presume to go against everybody's wishes, merely a thought. Certainly this is Cents thread and we play by his rules...) I guess I'll just have to get on the stick and post my trades. Cents: at the bottom of the post is a specific question for you. Now an explanation for why I said what I did: Part of the inconvenience for me is that I'm not online when I make an option trade--that's a different account from the one I normally trade in. Plus, I've stopped trading in the account which I was using for the 1k/wk game, because it was a taxable account--so now I actually have to keep track of my trades and an imaginary balance, which is contained within a larger real account balance. You see, my game balance is contained within a larger non-taxable (ira) account now. Anyway, I suppose if Cents can do it for all of us, I can keep track too. One more detail I need Cents to answer: The account I was trading in for the game was a margin account. Now that I'm just doing the game trades in my IRA (and it is not margin of course) can I still exceed by cash balance for trades...that is, can I use imaginary margin? Is this what folks refer to kickin? Anyway, if it is too complex I would just assume drop out of the game now too, having a significant gain for the year (more than 1k/wk) has, for me, made the contest less exciting than it was before a few of my darts hit some winners.

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