$10KXtream Review

I’m very glad our first few trades in the $10KX porfolio have worked out. 

Currently we have just the QQQQ calls from this morning’s post open along with the very sad SGP calls.  We’ll give SGP until next week and then try to get a dime back, that one was a mistake as I got mixed up and made what should have been an intra-day momentum trade, not an overnight. 

Our goal in the $10KX is to take Day Trades that span more than one day so we can avoid day trading restrictions in small accounts.  It’s very tricky and I will be working hard to get used to it, it requires a lot more thought than the DTP, especially as we are "stuck" once we make the trade.  My goal is not to hold things for long – just hit, wait a day or two, and run.  When we build up cash we may do more but for now, we are trying to stick to Buffett Rule #1:  "Don’t lose money."

These trades are RISKY though, they are NOT trades that should be made with $10,000 you expect to see again as we are aming for high returns, not safety and we’re not really hedging, just picking a play and going for it.  In the DTP we have the luxury of bailing out when we’re wrong, not so much here.  Still we’ve got 5 trades under our belt and a nice 18% return in 3 days so we’re off to a good start: