NUMBER #5 posting on this BLOG
We have switched from the paper trading, ( using BIG CHARTS option Chain ) to a monopoly money, BROKERAGE VIRTUAL ACCOUNT, supplied FREE by OPTION HOUSE in Chicago.! The idea to familiarize ourselves with the order form layout Option House use on the internet. We are also still in testing stage of the method and gaining more experience. We expect to make 50% on the account, by February, if not sooner?
The general plan is to make 50% on this $5000 experimental account in real time trading through a broker, then move into a REAL MONEY CASH account.
We have wireless DIAL UP in our retirement home in the foothills of the Belize Alps. The maximum speed is 115 kps, which is VERY SLOW! We've found we cannot easily access OPTION HOUSE, nor the market time - OPTION CHAIN. However, what we have for home based internet is the best we can get. So we will work with it, as best as possible. It wouldn't be practical for day trading speeds though.
I'm using one of the family homes in Texas as a home address in the USA and of course I have USA bank account and Credit Union account. So sending a cheque from here consumes a bit of time. Mail delivery to the USA, takes about 4 days to 3 weeks, depending on diverse factors. I do have modestly, well off, grown children in the USA, who can usually mail a cheque for me to pay bills, that are in a hurry. Mostly my wife and I live in Belize and travel a lot in Central America and South America, our favorite traveling grounds.
The plan is to trade options for fun and profit. The profit ( if any ) will be donated to our favorite charity, for educational purposes. THE SAINT RAYMOND (non profit ) CHARITABLE, BENEFICIAL TRUST This TRUST is intended to supply GRANTS for educational purposes for Belizeans and their descendants, as may be. Since I'm 72 years old, I'd like to get a million dollars in it, before I kick the bucket.
For further information of a personal nature look up on GOOGLE, "retirement in Belize" ( an informative website ) and also "Western Belize Happenings", another BLOG I update, a couple of times a week.
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