[thalestrader]

Hi Folks,

Looks like this thread is withering on the vine, but I'll give it one last go to see if anyone else is interested in keeping this going for Brownie.

I had no stock trades today. I was out in the morning, and jumped on the short side this afternoon. Short the ES for +4.25 points and short the 6E for +11 ticks.

My daughter traded this morning while I was out, and she grabbed 100 ticks or so on an EURJPY short. She goes to bed tonight with closed equity of $78.86, up $11.70 from yesterday's $67.16. Not bad for having started with just $25 less than three weeks ago.

Best Wishes,

Thales

[bathrobe]

Good day all around, done early. +5,450

[pimind]

here are my trades for 7/7

pretty good day.

[Marsupilami]

Originally Posted by thalestrader »

Hi Folks,


My daughter traded this morning while I was out, and she grabbed 100 ticks or so on an EURJPY short. She goes to bed tonight with closed equity of $78.86, up $11.70 from yesterday's $67.16. Not bad for having started with just $25 less than three weeks ago.

Thales, can you adopt me, lol ?

[pimind]

At a 3% per day she will be a millionaire by the end of the year. congrats.

[thalestrader]

Originally Posted by Marsupilami »

Thales, can you adopt me, lol ?

Who's your daddy? lol

But seriously, all she is doing is applying the basic s/r that I have posted here at TL on many many charts.

Originally Posted by pimind »

At a 3% per day she will be a millionaire by the end of the year. congrats.

So do you think I should pull her out of school, or should I let her continue into the fifth grade?

I think FXCM Micro cuts you off at $5,000 or something like that, and as I've said before, she is on a very good run. I assume eventually her equity curve, like any market, will go into a correction. Though I have to admit that the thought of her earning enough from trading over the next seven or eight years to pay for her college education gives me fleeting moments of joyful expectation.

I have made a deal with her: If she finishes the summer with $250 or more in the micro account, I will take $250 from the micro account, and add another $2250 to fund a futures account in which she can trade one lots next summer. Anything over the $250 is hers to keep.

At any rate, we are both done for the day. No stock trades again for me today. These transitions betwen bull and bear swings often lead to a few days and even weeks where the opportunities I like to trade are few and far between. I did trade the 6E, and made 40 ticks on two contracts and 41 ticks on a third. I also did a short on the ES, but closed it with just a one point profit. I felt like I had chased the short and I don't like that feeling, so I just quit the trade. It is the only time I let my feelings trump what I am seeing on the charts: If I feel I entered on emotion rather than technicals, I jsut get out and forget about it.

My daughter had a short EURJPY trade that she exited with a pre-set profit limit of 90 or 100 ticks. Too bad, because it ran for about 300 ticks and counting from her entry. She will go to bed tonight with a closed equity of $89.64, up $10.78 from last night's close of $78.86. As you will see in her equity run, her trade yesterday must have closed after some elusive cut off time, and so it is included in today's equity run. Thus, it shows a total profit of $22.48. That is a two day total for her.

Best Wishes,

Thales

[Dinerotrader]

Thales,
You really need to get her to post a couple charts of her trades and have her explain her entry and exit points. We're all getting curious and I always enjoy being taught by younger folks with a fresh outlook.
She must feel like trading is the proverbial money tree with how much success she has had. I remember my first stock trade when I was 16 years old. I bought stock in Sweet Tomates because I was an employee there and they seemed to be a growing company. The stock doubled after a month and I sold for ~100% gain. My dad got worried that I would think that is the way it always works. Looking at my stock portfolio today is a good reminder that making money is sometimes very hard. I think it is probably best for her to have some great gains in the beginning so she is more encouraged to keep learning.
Cheers.

[pimind]

Some examples would be great I 2 am getting curious, once she hits $500 she will be entered in the king of the micro contest, prizes i think r still up to $25000, some people in that contest make a ton some are up 1000% for the month, extreme leverage I guess anyway congrats to her and you it is great to see that she is doing so well. and as for fifth grade , if she keeps this up i would consider a tutor. lol....