I'm dangerous now ...
So my trading account has been funded. However, I forgot to send in some additional paperwork to allow me to trade options. A 3 page document that highlights how "dangerous" and "complicated" options are, asking for my previous experience in trading, and asking for my annual income and net worth. Again, since I'm using a deep discount broker no one else is looking out for me.
So what does this mean? Well if I happen to find a trade I think is profitable, I'll enter. I'll stick to my money management rules and buy limited quantities of the stock, instead of options. I won't make as much, but money is secondary to finding and entering good trades. Identify and enter the good trades and money will follow.
DIS, HD, KO and WMT remain the stocks to watch for entry points.
Current Trades
Trading Account Summary
So what does this mean? Well if I happen to find a trade I think is profitable, I'll enter. I'll stick to my money management rules and buy limited quantities of the stock, instead of options. I won't make as much, but money is secondary to finding and entering good trades. Identify and enter the good trades and money will follow.
DIS, HD, KO and WMT remain the stocks to watch for entry points.
What is it? BlahBlah
Ticker: XXXX
Cost: $X.XX
Value: $X.XX
Exit Point: $X.XX
Current Balance: $5,000.00
Current Value: $5,000.00
Highest Value: $5,000.00
Lowest Value: $5,000.00
Highest Drawdown: 0%
posted by Jeremy at 4:33 PM
2 Comments:
Any updates? Is your account up and running?
You still there? Hows the trading going?
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