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Yes your return on capital invested (ROIC) was +300%. BTW that is a monthly figure so the annual rate is......loads. Your profit from operations was 17k / 300k = 5.6% pm which is good. Problem is, you are operating at 17.85 asset to borrowing ratio so you are in a high risk business. Just...

surely it's just shorts buying back in for the weekend. Or maybe, the mysterious plunge team are at work. Or, I don't have a clue. Perhaps Waxie decided to run it up a bit because he rules the freakin market.:D :D

Can I contact you too? I've traded options for 2.5 yrs and I would love to know a truly profitable strategy (other than butterflies). Cheers :)

I'm not talking about jumping into a high risk market but rather playing longer term moves. I shorted the Q's at 37.9 not so many months ago because daily/weekly charts were clearly showing exhaustion. I havn't profited because I kept jumping in and out. If I just sat on my hands I would have...

Yes it is. I think there is a difference between buy and hold and selective market attacks. EG. If you place long dated option trades when the VIX is at yearly extremes then you would make money. I'm trying to back test this now, although I know it intuitivley. For me, I have churned my...

I work for a major supplier to them so I need to be careful what I say. One of the major concerns with JDSU is that they outsource all of their production. They don't need to carry any inventory on their balance sheet, but, they will still be liable if they cut their own order books...

Right, the same for me. If I stuck to the 1 or 2 days per month that the market is in high momentum mode, I would make much more money. I'm looking at that now. I know a trader who only puts on 2 or 3 big trades pa and his returns are awesome.

Happy birthday.

Sheesh. seems a bit strong to me. :eek:

Glad you came back and said that you were lucky because when I looked at the chart I thought, this guy is either 100x luckier than I've ever been or he's paper trading.:D :D :D :D I would rather be lucky than good.

and everyone puked up and my TA books will make useful door stops.:p

I hear yer.

Totally agree, which is why I prefaced it with 'in theory'. A lot of profitable businesses fail because of cash flow issues rather than lack of long term profitability. If you are over geared (margined) then you have no wriggle room. That is what will sink you. Cheers PS. I know, I've done...

Allow me. There are two points being discussed on this thread regarding margin. Return on Invested Capital (ROIC) is how much you make in a period on the money that you invested. Therefore margin is not counted. Profit. This is how much you make from your operations including...

This turned real academic all of a sudden. Sorry if I offended anyone in anyway but I just followed the title of the thread A**hole Specialists. For me mer and cls are A**holes. I'm sure they are really nice friendly, family chaps but they have got the better of me several times (by...

Seanote, Great job you are doing and thanks for keeping up the journal. What size trading a/c are u using? Maybe you covered this but I couldn't find it. Cheers

:mad: mer cls 2 I have danced with and got my toes trodden on.

are you trying to log in on 1 computer while still logged in on another? Maybe it has something to do with cookies. I dunno.:confused:

Don't know about their daily activity, but all governments including the Fed have the capability (and use it) to support markets. These are often referred to as 'them' or 'the Turks'. This was a point I made earlier in the thread. The Dow can go down a long way but it aint gonna melt down. It...

I'm living in the Netherlands, trading with Bright. Oliver [/B] I'm in the UK and was considering remote trading with Bright or another, how do you find it? Do they allow you the same leverage as on site traders? I have already asked my accountant about the tax status. He is looking into...