Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike McFarland who wrote (1031)	3/25/1998 6:18:00 PM
From: Nimbus	Read Replies (1) \| Respond to of 1100

What is the weekly percent gain possible? I started with $5K in August and have grown it to $35K by doing about 3 trades/week .... I'm gaining confidence in smart daytrading and feel with enough cash in play I can match my weekly salary and then can consider quiting the day job. I think a 3%/week gain can be relatively easily achieved. Sure beats the 1%/month mutual fund performance ... And besides ....this is FUN!

To: Mike McFarland who wrote (1031)	3/25/1998 11:31:00 PM
From: Marq Spencer	Read Replies (2) \| Respond to of 1100

Mike, I've all along viewed this as a challenge not to make $1000 a week on $5000, but to take $5000 and increase it to $57,000 in 52 weeks. That is a compounded growth of 5% per week - not at all easy to do. I've done only options, with predefined targets and have only made trades about once a week. Most of my options are for "large-cap techs". There was a period when I was running low (I'd written one set of options that had appreciated in value), however I've never risked more than $2500 at a time. If anyone is interested in my trades, let me know (I actually got in the contest mid-Jan). - Brian.