EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.
As I mention in the video, I've added in a Portfolio stop below based upon what I discussed in the Portfolio stop video. Its easy to just multiply the Max loss per trade by 3 but I want it up front and out in the open so I can keep an eye on it. Why? That number is part of what I'll need to balance my Portfolio Protection money from the Savings account on.
$100 deposit into Savings
Model Portfolio Totals
Trading Account: $413.24
Estimated Monthly Income: $0 (Not ready to trade until Phase 1 completed)
Max amount in Forex trade (50% of account): $206
Max loss per trade (1% of account): $4
Portfolio stop (3% account): $12
Investing Account: $1,770.72
Estimated Monthly Income: $5.97
WMT: $0.53 income/month
ERF: $1.69 income/month ($0.009 from DRIP shares)
O: $1.06 income/month ($0.005 from DRIP shares)
JNK: $1.60 income/month ($0.010 from DRIP shares)
PCY: $1.09 income/month ($0.009 from DRIP shares)
Maneuvering Cash: $500
Savings Account: $700
Trading Account: $50
Investing Account: $150
Precious Metals: $0
Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others.
I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.