Market Monk Blog

Latest Update: Market Monk has retreated into Private Trading Life and discontinued his blog. Market Monk's blog contained much trading wisdom and insights but sadly, due to the tremendous flak Monk received from various trading forums, the blogosphere and personal emails, he has taken down all his valuable content. In a nutshell, there was a huge sense of disbelief and ridicule from many traders, investors and observers when Market Monk claimed that he took a $10,000 account and compounded it into more than $8 million within a span of just 23 days, trading the e-mini S&P500 futures contract. It must be noted that Market Monk never did provide the audited proof of his trading results that he stated he would. BannRonn wishes Market Monk all the best in his trading and future endeavours and sincerely hopes that he will get his wish of being around to witness the "Singularity".

Here is an introduction on the Present Moment Trading Campaign S&P500 Index blog written by the author, Market Monk and reproduced with his consent. This content was available at marketmonk.blogs.com/pmtc/ but this URL has gone dark.

Present Moment Trading Campaign S&P 500 Index

Let's see how far I can take a small trading account. Lose it all or take it to 6, 7, or even 8 figures?

Aggressive trading is like a riddle wrapped in an enigma surrounded by a conundrum. A complicated subject that is misunderstood by most, including professionals in my opinion. For this reason it is my desire that new readers take the time to understand of what I am doing here. The intro is the best place to start.

I have posted daily trading results from day 1 - 23 and will post more results periodically. Most of the blog contains market commentary with charts. Please understand this blog is a personal diary and an educational resource, not an advisory service. I feel no obligation or responsibility to post everyday.

My Present Moment Trading Campaign (PMTC) is an experiment in aggressive trading and compounding. My posts will bear witness to my mission to keep my mind exclusively focused on the "present moment" when trading the S&P 500 index. The goal of this trading campaign is to compound a small trading account into a very larger sum of money in the next 12 months. To reach my goals I will need a constantly volatile market and some luck. But luck has always favored the prepared, and I am very prepared.

It does not take 100K or 50K or even 10K to initiate a campaign. The barriers to entry are low in terms of the initial investment required, but the learning curve is steep as the level of experience required usually takes years of hard work to acquire. However, I have read that some traders have acquired the relevant skills in less than a year. Anyone with a small brokerage account can start a campaign, but most will not be profitable after the first month, not to mention on a daily basis. I am sure you realize that.

Being a consistently profitable trader at a high level is as easy as pushing a mouse button at the right moment. The trick is knowing when that moment has arrived.