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Welcome to my blog. A lot has changed since I started this thing. I'm now trading live after about a year of paper trading and studying. Originally I had planned on starting part time and slowly growing my account but life has a funny way of changing your plans. I found myself at a crossroads of sorts and quickly realized that I was being given a once in a lifetime opportunity to pursue my goals. I took the leap and I'm not looking back. Follow me here and see the triumphs and the losses.

Updated (08-10-16)

I tend to look for momentum trades that I can hold for anywhere from a few hours to a few days. I usually take positions of $5k to $10k in size to allow larger gains on smaller percentages (it's easier to hit a 1% to 5% gain vs a 10% to 20%+ gainer) and I like to use a trailing stop.

This blog is a way for me to log my progress and to aid me in learning, I hope that you find it useful. Financial freedom isn't given, it is earned. So plant the seeds of education and grow your pennies!

Monday, March 16, 2015

My 10 Trading Goals!!!

I think everyone needs to have goals that are physically written down and available for all to see. The transparency of it not only helps with keeping focused and inline, it also makes it more rewarding when you hit a goal and get to check it off.

Here are my personal 10 trading goals. They will be posted here in this blog post as well as on the side of the blog for permanent viewing.

My 10 Trading Goals:

  1. $1,000.00 balance in my ShareBuilder account.
  2. $1,000.00 balance in my E-Trade account.
  3. $2,500.00 balance in my E-Trade account to allow shorting.
  4. $500.00 profit in a single trade.
  5. $1,000.00 profit in a single trade.
  6. $5,000.00 balance in my E-Trade account.
  7. $10,000.00 balance in my E-Trade account.
  8. Become a Tim Sykes student.
  9. Meet Tim Sykes in person.
  10. Be Tim's next million dollar student.

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