Thursday, 4 August 2016

Thoughts for New Account

Got a fully funded centerpoint account, clearing with vision. This should help with borrows and will have no more buying power issues.

Starting with new account, I want to take things pretty easy. Goal will be to have 6 profitable days in a row. This is until the end of next week. Exception to this is if I can get borrows for SAEX, which will ideally trade with 500 shares (still relatively small position).

So for tomorrow (Friday) will trade with a max drawdown of $500 (which I should not come close to). Keep my max sizes the same, but shouldn't get close to max sizes (maybe like near 2/5s of max size).

Want to space orders out, and take profits quickly to ensure high probability of success. Again, exception to this is SAEX where I am happy to try and hit the home run by adding to a winner to get to the 500 shares.

Wanting to up my workload a bit in terms of reviewing and improvement basis. So need a separate post for "trading review" and a post for "improvement". Then a post for reviewing a nice play. May take a bit to get used to, but having a separate post for improvement should help regulate focus there.

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