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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?


To: Marq Spencer who wrote (341)1/16/1998 5:50:00 PM
From: Cents  Read Replies (3) | Respond to of 1100
 
Limits and rules...

The only limit is the $5000 you start with. I do check with time and sales sometimes but obviously if a 50000 share block goes by it would be able to have any amount under the 50000 block in it. We would like to keep it to actual trades rather than paper trades...but again we are on the honor system with that. If someone posts a trade that is impossible to have occurred then I am sure they will be exposed in a hurry on this thread. There are already many savvy traders here. This is a one year experiment...successful so far..the objective is for all of us to learn a variety of different trading strategies over time and hopefully we will all be able to actually make a living at it by the end of the year! The object is to generate $1000 per week starting with $5000. If your portfolio goes below $5000 then you can restart the next week with $5000 but the amount kicked in to bring you back up to $5000 will be deducted from future gains. Once equity is built up the percentage gain to make the target $1000 average is mathematically reduced so it should get easier after the initial high risk period. You can join anytime...we are going into the third week so the target total earnings next Friday will be $3000 or more. Anyone starting along the way will be considered as to have been holding $5000 cash with no trades up to that point. Are you in for week 3?

Cents