Here's screencaps of some of my recent trading activity, for you to learn from.
I suggest you pay attention to:
+ time of day positions entered/exited
+ amount of wins in $$ relative to stops
+ chart patterns, when posted
+ trading methods used
Note: while most of my personal income is from training active traders, I am also a genuine trader and am net profitable in my trades -- there's a lot to learn about how actual trades work, so study these trading entries, exits, P&Ls and more for selected examples of how both wins and stops work.
INCOME / Position Scaling Question for Other Traders:
As you know, I've built my business over the last 10+ years based
on my own tested trading methods, using what I've learned from
my own actual trades... and business has been decent enough.
Most of my income has come from my training business, by teaching
traders how I successfully make real trades (on small share entries
and exits). I want to continue to make that clear, for transparency
and compliance; eg I'm primarily a trainer of traders; that's what
I do for a living -- what makes learning from me preferable, is
that I'm also a net profitable real trader (albeit on small share size).
Although I don't make millions teaching traders (like some of
the trading vendors do, by affiliate-marketing mega expensive
courses), and I don't make a fortune trading, I am a net profitable
trader, having for example turned $29K into $41K in my IB account,
and boosting my SEP IRA up to just over $78K this past 15 months.
So that's saying something, at least I'm net profitable as a
trader, albeit on small shares/sub 6-figure account size.
But I need to start scaling up -- because my goal is to create
more wealth from my trading than I do from my teaching. Once I
can do that, on larger position size, I can start outsourcing my
business and get to full time trading, versus trying to do everything
(run my business while trading small shares each day)....
Any ideas, on how to get comfortable scaling up in size, to make
better-leveraged trades? My momentum doubler strategy works great,
for small share trading (as you've seen from some of the examples
I post at the TradingTalk.com forum), but I haven't used it with
bigger trades (eg 5K shares+) -- that's my own "sticking point".
Let me know if you have any ideas on how to get comfortable trading
larger size; I make trades up to several thousand shares and limited
to $15-20K max per trade in capital, I need to break through that
barrier to achieve true wealth as a trader (not just a trainer of
traders on small share size trades, which I'm doing fine with
right now).
Of course the flip side is, if and when I get to successfully
expanding my own personal trading beyond small shares, I won't
have much incentive to run my business, hence the idea for outsourcing
(and/or selling it to a brokerage). For now, I'm here for
everyone, though I'd appreciate any ideas on how to get into
large position sizes comfortably; that's always been my #1 top
personal trading challenge, that keeps me doing my trader training
business for my primary income source. Ideas on leveraging up?
To your success,
Ken Calhoun
p.s. as usual, per sec regs, none of this is to be construed as trading recommendations, it's just for educational use only, so you can
"peek over my shoulder" to see what I'm doing with my trades. See
www.daytradingu.com/disclaim.htm for full disclaimer.
These pages contain excerpts of actual trades I've made; it's not a complete record of every single trade I make, since on some days
I may be doing many dozens of trades and don't make the time to capture everything. I try to capture the best highlights so you can
see practical examples of what I'm trading.
Note I'm going to be aggressively trading these markets 1Q 2009; you're welcome to come back here now and then to see how I'm doing it.