Cubs18 trek from $8,000 to $25,000 (CURRENT $25,300) - Trade Journal of a 20 year old trader

Hi!  I am Zach aka Cubs18.  I am a 20 year old finance major at Ball State University in Indiana.  I have been trading for about 3 years off and on, I lost money when I began at 16 but since then have been learning all I can via books/forums/websites. 

I had an old thread here, in which I started with $3,750 and here I am with $8,000.  Now I want to get to that $25,000 mark.  I stopped updating that thread...but now I am back and want a clean thread for this goal. 

My goal in this thread is to turn my current account balance of $8,000 into $25,000 .  There is not really any time frame on this goal.  This will be a way to keep myself accountable for my trades/track my trades and share my experiences with others.  

I do not have a set strategy, I like to go wherever I think I can make a money. My trading methods are not for everyone and I suggest you NOT follow them as they can be very risky at times.  I trade stocks/options.  I will be posting charts/analysis for my trades.  (haven't been doing the charts/analysis thing -- will get back into that.  sorry guys) 

I tweet my trades sometimes @zach1992trades

Feel free to chime in anytime and enjoy the thread!!  

Starting Balance for thread:  $8,000

CURRENT BALANCE: $25,300

(note that gains may be unrealized and this is the end of day balance - no matter realized/unrealized loss/gain)

TOTAL WITHDRAWALS: $9,026

OPEN TRADES

BIDU july 115 puts - 35 contracts - in 4.40

FXI august 28 puts - 35 contracts - in .59

V june 115 puts - 25 contracts - in 1.35

DONT FOLLOW MY TRADES!!!!!  THESE ARE JUST IDEAS AND THOUGHTS.  NOT A BROKER.  NOT ANYTHING.  JUST A KID WITH A TRADING ACCOUNT. 

Basically I am back with more $$$ and a bigger arsenal with options.  Let's get this $$$$$!!! 

Stock King will be happy to see this haha!

Looking to open some CMG or AMZN puts on monday, like both charts for a nice drop

BIDU puts too

and BTW, I am trading super high risk with these options, so don't be surprised if I "ALL IN A BITCH" on a position

I am aware I am using totally shit money management

Quote:

Originally Posted by ChumpChange 

Im interested. You sound just like me. Im a 19 year old mechanical engineering major at san diego state and been trading since i was 16. I have the same $25,000 goal aha.

 

Good luck to ya, I'll be stopping by every now and then.

Sounds good, happy trading!! 

Well...looks like I won't be getting those puts I wanted.  If we see this huge gap down, I am a little scared to take puts.  Will look for a bounce to get puts...

Who knows though, just my random thoughts.

Thanks Crank!  Yeah, definitely a great book.  I suggest it to anyone new to investing...I just want to keep the riches if I can make it there haha!
 

Quote:

Originally Posted by johndoejohndoes 

I'm 22 and new to everything too.

I've looked it up but still don't get it...what the hell is a PUT?

A put is an option you buy if you believe the price of a stock will decline.  Basically like shorting in the sense you are betting on the price to go down. 

Quote:

Originally Posted by johndoejohndoes 

I'm on ETrade and it says my account doesn't have the ability to do that yet?

You have to get approved for options trading

Looks like we might not get as big of a gap down.  Going to look for a rally to take some puts on. 
 

took 27 BIDU june 120 puts...showing no strength today

$2.91 avg

meh might have been too early here...

BIDU completely breaking down

Holding BIDU puts overnight...a gap down would be really sweet

Took $114 out.  Gonna buy a new monitor to replace one of my current two.  Plus, a 24" monitor will be great for trading.  My current two monitors are only like 19" each or something.  TOO SMALL!

http://www.newegg.com/Product/Product.aspx?Item=24-236-049&SortField=0&SummaryType=0&Pagesize=10&PurchaseMark=&SelectedRating=-1&VideoOnlyMark=False&VendorMark=&IsFeedbackTab=true&Page=2#scrollFullInfo

Anybody had any experiences with this monitor?