How much money do you think you can make till the end of the year? If you are down for a challenge email me, and I will enter you into the race. My goal is to raise my portfolio by over 1000% by the end of the year. Here are the rules and my plan:
JULY STATUS: 225/1000%
Starting ‘Challenge-Portfolio’ size: $430 (the size of my first trade)
Target Portfolio size: $5000
Timeframe: May 1st – December 31st
Vehicles: Stocks, Options
My trading plan (abridged):
Max of 3 trades a week
$100 Risk Unit
Minimum Risk to Reward Ratio: 1:3
Stock price: $5<Stock<$100
Strategies: Directional Gap swing trades, High-momentum-stock consolidation breakout trades
Journaling: Every trade will be documented on Profit.ly for verification, tweeted, and blogged.
Every month I will update you on this challenge, and show you how well I am tracking along. Once again, if you are a trader, you are more than welcome to accept the challenge. In the sidebar you will see my profit.ly stats, for a quick overview of how I am performing! Please comment any questions you have.
May the trades be ever in your favor.