OPTIONS TRADERS CO-OP

[mabbers]

Not sure if this helps you or not, but look at it this way. If you start with a $250 balance and just look for 20% gain each day, in 20 days you will have close to $10,000 in your account (minus commissions). Some days you will make more, others less. Set limits, and set targets for each day, too.....and write everything down so you know where you are at by the end of the week. If you don't hit your target, at least try to make a profit....then set a new target.

Make sure to write everything down.

I don't keep track of options I trade, just the account balance at the end of each day....and I write it down along with percentage gain/loss. I know where I am at at the beginning of the week, and at the end. I have targets for 10 weeks out.....then set new ones. It stares me in the face each day so I tread carefully. A good stop loss set is always better than a 10-20% loss any day...and lets you trade the next day with a clear mind. I had to learn this trading on my own. I was clueless, and five months ago, I didn't even know what an option was. I made a TON of mistakes along the way. Once I decided to keep things simple, and write everything down, things started going much better. Having it in writing made me feel more responsible and accountable.

Did I mention to write everything down?

Keep it simple, my friend. Small steps for now.

Good luck to you.

Mabbers