that move had a lot more to it, missed out on about 800 there
Cubs18 trek from $8,000 to $25,000 (CURRENT $25,300) - Trade Journal of a 20 year old trader - Page 14
Futures are "the future" .... for now though I'd concentrate more on a focused area instead of everywhere. In the last 2 weeks you've traded stocks, options, binaries, and futures. That's just too much since there are so many different nuances to the behaviors of each.
Edited by Rock Sexton - 6/8/12 at 9:14pm
Cubs ..... I wish you luck, but you're absolutely doing the wrong thing here. I don't think you realize the mess you're about to get yourself into trying to manage both your friends' and family's money. I've watched this thread with great interest to see the cumulative results after a hot start, but you're jumping the gun a little bit. The results are mostly carried by two trades (AAPL and GOOG). Aren't you down about $7,000 or $8,000 on your current positions? Is that really enough to start up a fund where you will have fiduciary responsibility to those close to you? If it goes bad, it will go really bad man.
I highly suggest you to reconsider what you're about to get yourself into. Take some more time. Learn one instrument thoroughly and when you've shown a consistent history of success, then start thinking about managing other peoples money.
Edited by Rock Sexton - 6/18/12 at 12:28am
I understand the risks inherent here guys. I am aware this will not be easy, nothing worth doing is. I understand that managing friends/family money could potentially put stress on relationships. I am not going to be trading options with fund capital. Very conservative approach with a focus on success I have had trading big board stocks in the past. Thanks for the advice. Anyways...I am done posting here, going to focus on this goal.
How many 20 year olds start their own fund? I want to do big things, more important than this thread.
See ya guys and good luck with your future endeavors.
PS) I know you guys think I am crazy ;)