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Was gonna post something similar, that you indeed need to raise money which is not easy, 2% of say $10m is only $200k, out of which you need to pay for various pro (e.g. i was quoted £1500 a month for legal services!) and administrative fees and also you need to pay a salary to yourself!

You have to define 'rich'. If you want to be worth $1 million, sure you can do it yourself. Can still take a lifetime to do...but a million is not rich tbh, but is probably more than enough for most people. However making something like $30 million, which i think is a good definition of...

good time to buy es then!

despite the title of the thread, it's not risk free money...

so bought a load more at 56, and at 61.5, stops to 4320

a really lovely time to buy nasdaq futures right now, cheap at 4356!

screw the pull back, just BUY!!!!

if nasdaq hits 4370, i'm gonna go nuts and really buy 5x my current position

was stopped out at 2377. was out of gold at 51, out of yen at 25...all small losses

What sort of position size spread do you use? I'm trying risking 0.1% to 5% of equity per trade, that's 50x from bottom to top.

Moving averages are lagging indicators.

sounds like you are playing a slot machine...

went long nasdaq dec 4335, stop 50 points

The Surf Report

I don't care. Here's a Queen video, playing live at Wembley Stadium, London, 13th July 1985..enjoy!!!

The monetary policy of the US Fed Reserve drives the stock market. Not earnings or anything else. I will be repeating this as often as is required and may also post some more Queen videos.

No one cares about earnings, whatever they are, what is important is the monetary policy of the Fed Reserve. Nothing else matters.

i reckon they will cut rates next year from the current 0.25% to 0%. Market will go to 3000.

short dec copper 2353, stop 75 yellen believes world economy is weak, who am i to argue? in which case, why does anyone want copper?

nothing wrong with averaging in....as long as there is risk control on the whole position.