If your familiar with my past challenges this is basically all summed up as one. First challenge ever I turned $120/$200 into $48k in two weeks trading only “OPTIONS”. Next challenge was $300 into $7k until AT&T no signal cost me big time… now this time I will try to do it again.
Starting with only $500 goal is to compound gains day after day. Until I hit the goal of $50k. Once I get there I will then either work on a newer challenge turning that amount into another amount. Also follow me on TWITTER @TRADEWITHNINJA
Description of Trade:
Using only $500 capital
Broker– Etrade(for executions) ThinkOrSwim (for charts and UI)
Account Type: Cash Account( which allows me to trade using the cash available. in which goes around the PDT rule).
Goal of challenge:
– Wire out initial starting capital($500) when over $5k
– keep position size small unless comfortable with size and take profits when present
– stay close to “ITM” In the Money as possible
– less lottos until account is manageable
– hedge when possible but keep focus on gut side
– #SeeProfitTakeProfit
– max 2 trades a day
Hope my Journey opens up the minds of those who think this is impossible. Below will be the account balance and trades. Stay Tuned!
Challenge Initiated
DAY 1: 4/9
BTO $SPX 2665c 7 contracts @ .392= $280
STC $SPX 2665c 5cons @1.35 =$675
STC $SPX 2665c 2cons @.70 =$140
BTO $SPX 2555p 2 contracts @ .50= $100(-100)
BTO $SPX 2615p 3 contracts @ .2833= $88
STC $SPX 2665c 3 contracts @ .1.20= $360
DAY 2: 4/10
BTO $SPX 2570p 2cons @2.95 =$600
STC $SPX 2570p 2cons @1.35 =$270(-330)
BTO $COP 63c 20cons @.28 = $560
BTO $STX 63c 3cons @.48= $144
BTO $SPX 2750c 7cons @.05= $35
Trade With Ninja 