LinksI signed up for Austin's Intensified Trading!
I bought a 2nd display and more RAM for my computer
Austin is only trading 18 more days in 2013 and I have 7 days vacation so I will be taking those vacation days as mornings. Jan 2014 I will see how it's going but probably request part time. July 1st, 2014 I will retire!
My IB account does not have enough to trade real money but I can put in up to $6500 per year in for an IRA (over 60). I will use the PSA money to fill it up to $8k.
I am trading the SIM account on Ninjatrader using IB data feed. I have the charts set up the same way that Austin does (5 min and 2500 volume).
I will need to purchase a Ninjatrader license to trade for real money.
I will trade one contract (with the option to add a contract with no extra risk) per $6K. This is less than a 2% risk per trade based on 2 point stop.
I will start with one contract at $8K and move to two contracts at $12K, 3 contracts at $20K, 4 contracts at $30K and 5 contracts at $50K.
If the initial $8K falls below $6K I will need to rethink ...
All profit above $60K will be moved to a non-trading account for use as income.
Today is day 3. The first three morning were poor trading conditions. This morning lost $150 on 2 trades with Austin but his afternoon I made my own apex trade for $250 (Austin was not on GoToMeeting).
At the end of day 1 the account was at -$62.50.
At the end of day 2 the account was at -$25
At the end of day 3 the account was at +$75
Not wonderful but positive under difficult conditions.
This feels good!
I bought a 2nd display and more RAM for my computer
Austin is only trading 18 more days in 2013 and I have 7 days vacation so I will be taking those vacation days as mornings. Jan 2014 I will see how it's going but probably request part time. July 1st, 2014 I will retire!
My IB account does not have enough to trade real money but I can put in up to $6500 per year in for an IRA (over 60). I will use the PSA money to fill it up to $8k.
I am trading the SIM account on Ninjatrader using IB data feed. I have the charts set up the same way that Austin does (5 min and 2500 volume).
I will need to purchase a Ninjatrader license to trade for real money.
I will trade one contract (with the option to add a contract with no extra risk) per $6K. This is less than a 2% risk per trade based on 2 point stop.
I will start with one contract at $8K and move to two contracts at $12K, 3 contracts at $20K, 4 contracts at $30K and 5 contracts at $50K.
If the initial $8K falls below $6K I will need to rethink ...
All profit above $60K will be moved to a non-trading account for use as income.
Today is day 3. The first three morning were poor trading conditions. This morning lost $150 on 2 trades with Austin but his afternoon I made my own apex trade for $250 (Austin was not on GoToMeeting).
At the end of day 1 the account was at -$62.50.
At the end of day 2 the account was at -$25
At the end of day 3 the account was at +$75
Not wonderful but positive under difficult conditions.
This feels good!