My Trading Plan


My Trading Plan is simply selling Futures Put and Call Options.

Starting Capital : USD $20,000
Goal : USD $500,000
Duration : 5 Years
Risk: 30% of Starting Capital

Proper risk management and money management is put in place in order to make the goal a possible one.


My Goals

1. From 01 Oct 08 to 27 June 2009 (1st Year)
- Account must have USD $40,000
- Monthly income of average USD $2,500

2. From 27 June 2009 to 31 Dec 2010 (2nd Year)
- Using fixed ratio method to grow the account exponentially
- To have USD $100,000 at the end of 2010
- Monthly income of average USD $5,000

Saturday, October 4, 2008

USD $700 Billion Bailout

We experience such a high volatility in the market for the past weeks with failure of Lehman Brothers, bailout of AIG and rejection of the USD $700 Billion bailout package by the congress.
It was a double edge sword for options seller. Premium was high but if we got into the direction of the market, we got hit very hard. The bailout has been approved and I believe the market will go into a period of consolidation with options premium remain high, which is good for options seller.
Posted by Terence Chan at 9:39 AM 0 comments
Labels:

The Journey Begins

My goal of attaining financial freedom had started long long time ago and only until recently (mid of 2008) that I have learned the missing link in my options selling strategy, which is risk and money management. How to properly manage the risk and at the same time able to grow the account at a faster pace. I'm confident that I can achieve my goal and I hope 5 years from now (4th Oct 2013) I can declare to the world that I have won the race. A race that bring out the best of me and share the fruit of success with my love one.
Posted by Terence Chan at 8:52 AM 0 comments
Labels:
Subscribe to: Posts (Atom)