3K -100K Project
Several years ago, my brother and I had a friendly competition to see who could use options to turn $3000 into $100,000 the quickest. While we both hit our goal, he beat by doing it in just over 10 weeks. Recently, I have been out of the trading game and see no better way to start than to take $3000 and see what I can do with it. I will post trades I make on this blog as there are several, including my brother who wish to monitor my progress.
While I expect to succeed, I know that this endeavor is very high risk and the probabilities say that I lose my 3000. If that is the case, so be it. The reward is enticing. I will make these trades through an online broker and will keep them short and aggressive.
A friend of mine is going to join me in the 3-100K race.
The rules are simple.
- All trades must be executed real time using calls, options, or stocks.
- Upon an account value of $10,000, the $3000 investment gets put into cash.
- Updates on the day’s trades must be done daily. Not necessarily at the time of the trade, but by the close of the trading day.