The Lay-Back Trader

Day 9 - 8.35%

2010-08-15T00:39:00.001-07:00

Just another day, had a good race where I made $11, but for some reason today it felt hard to make money.

The money was fake, all over the market. Popping in and out.

Couldn't really gauge direction at all today.

But despite that, I still came out 5.02% ahead on the AUS Markets.

I then decided to trade the US Markets. Which added another 3.33% to my account. :)

Was a bit risky though, because on at least two races, about 3 minutes before the race started, the markets became suspended, without warning.

That could've been disastrous, if I hadn't traded out of a position yet.

So I doubt I'll be trading the US markets again.....lol

Spreadsheet of races for Aug 15th...

GOAL BANK - $167.31

REAL BANK - $215.58 (13 days ahead of goal)

Day 8 - (-0.27%)

2010-08-14T00:35:00.000-07:00

First losing day tonight.

Traded a handful of races, not even the full card.

I was distracted, and went out for dinner between the racecard, came back and wasn't feeling it.

So I traded half-assed.

But only came out with a -0.27% loss so not that bad at all.

GOAL BANK - $164.03

REAL BANK - $198.97 (9.5 days ahead of goal)

Day 7 - 6.20%

2010-08-12T00:07:00.000-07:00

Another great day.

Up 6.20%

The markets were extremely volatile tonight.

Jumping all over the place.

And of course, it never jumped in my favor. ;)

I seemed to almost immediately get a loss in each race, that I needed to climb out of.

But I still came out far ahead, so Im extremely happy about that.

It shows that my trading is strong.

Spreadsheet of races....

GOAL BANK - $160.82

REAL BANK - $199.49 (11 days ahead of goal)

Day 6 - 6.27%

2010-08-11T00:40:00.000-07:00

Made $11.11 today. Good omen. lol
Anyway, only 5 losing races today. :)

Seemed like I couldn't do anything wrong today.

Gotta love days like this.

Up 6.27%

Spreadsheet of races....

GOAL BANK - $157.66

REAL BANK - $188.33 (9 days ahead of goal)

Day 5 - 2.93%

2010-08-10T00:01:00.000-07:00

Started out really shitty today.

Had 5 losing races right in the beginning, but was able to claw my way back.

And end the day up 2.93%

GOAL BANK - $154.57

REAL BANK - $177.22 (ahead by 7 days)

Day 4 - 1.19%

2010-08-09T00:02:00.000-07:00

Ugh......crappy day today.

Was up, then down, then up, and down.

12 losing race, and 14 winning. Horrible ratio. :(

Anyway, still ended the day up 1.19%

The last race rewarded me nicely.

But off of my goal by 0.81%.

Thats ok, because Im still far ahead of where I should be, according to my goal bank.

So all's still good.

GOAL BANK - Day 4 - $151.54

REAL BANK - Day 4 - $172.34 (6.5 days ahead of schedule)

Day 3 - 4.29%

2010-08-07T00:30:00.000-07:00

4.29% return today.

Gotta love it!

Also, you may notice, Im only trading the AUS markets.

This is for two reasons.

One...

I find the AUS markets much easier to make money in.

The money is more real.

The volatility is nice.

And the market is manipulated easier.

Though, I know that when I move up in stakes I definitely won't be able to trade these markets, as the liquidity is just not there.

But for small stakes. They're the easiest markets to read and trade.

Two....

I live on the west coast of North America.

So waking up at 4 for the UK markets, is not fun.

Plus I work during the day.

So for now, AUS markets are my thing.

That will surely change though.

GOAL BANK - Day 3 - $148.57
REAL BANK - Day 3 - $170.32 (7 days ahead of schedule)

Day 2 - 10.99%

2010-08-06T00:22:00.000-07:00

EXCELLENT DAY!
10.99% return!

Im going to post my goal bank, and real bank daily.

To keep me on track.

Goal bank, is what my bank should be at, if I achieve 2% everday.

Real bank is what Im actually at.

GOAL BANK = $145.66 (2 days trading)

REAL BANK = $163.24

Day 1 - 5.05%

2010-08-05T00:30:00.000-07:00

5.05% for the day. Not too shabby.
Bank = $147.07

Fresh Start

2010-07-30T08:50:00.001-07:00

Hey everyone,

I've deleted all my old posts.
Reset my stats.
And have started a new challenge.

I plan to build my bank from $140, to a decent sum. (probably $2-4k)
Enough to make at least $50 dollars a day from.
According to projections, of my 2% a day goal. This should take about 5 months.
Considering I hit my 2% goal every day.

Then I plan to travel, and do this on the road, as my "income" while I travel.
With a satellite feed, or possibly just 4G, or wi-fi leeching from local businesses.
(starbucks, etc)

I have some other backup money.
But I want this to provide the "food money", so to speak.

I will post a daily screenshot of my excel spreadsheet.
With some commentary, sometimes no commentary.

Here goes nothing.....