Turning a small account into a big account

[Iron Man]

Today is real slow, profit taking in the market and I have been trying not to sell. Yet I have to protect the open profits which are nearly greater than equity. I have tightened up the stops and started finding target stops on all 24 open positions. ABY sold half at target with rest on trail. The open caught a lot of new buyers and my sell target hit the mark perfectly.

I have a strong desire to sell every thing and bag the profit.???? comments???

 

[Iron Man]

The market gives the market takes, then gives some more!!!.

The last two weeks while the market went sideways I had too many positions open way too many that weren't past break even. I do limit orders and tried a new entry where about 6 positions opened all at the same time. 5 of those went sour and got hit $600 draw down. Ochhh!

The remedy is to keep the numbers down and do R/R of the potential trades which means more work.

Account has recovered from the draw down with some good trades and price targets getting hit. I can feel my style evolving. With the concept of taking some of the table sooner than later and letting the rest room to run.

By the way I got bored two weeks ago with some of the positions opened that weren't going anyway. With hindsight they were consolidating and pushed on up last week well. Doo!.

Latest open trades: RIV, IGO,UMC,SSM, AWB,FWD,MOS,JHX
now thats 8 with three at B.E. and risk @ $500.

I must admit while it is a bit frustrating that I am not making big bucks, the money management is holding up well.

Any questions please ask or comments