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You're right, those 10-20 points dives it took did not actually happen. Either way, it looks sooooo easy in retrospect so I guess you're right. BTW, in order for everyone to make a ton of money, a lot more suckers have to lose a ton of money. I doubt retail shmucks & institutions were...

LOL besides the poker tables, everything is a losing probability in a casino. In other words, stupid risks if you are trying to make money, unless you're counting on luck, which sounds like your style. No fundamentals driving BIDU, few technicals (it just IPOed), just daytrader.hedge fund momo...

I missed them as well. I'm guessing you don't recognize sarcasm very well. BIDU was equivalent of a casino. Just like gamblers, you only hear about the great wins but the much greater losses never get mentioned.

Steve Cohen and type take a HUGE chunk of their profits comparing to the industry. They require high capital to operate and also use leverage. Their operations are complex and way above an average mom & pop hedge fund. Steve Cohen's operation cannot be replicated if he was to just trade for...

Here is a quick summary. Everyone made thousands if not millions of dollars and not one trader lost a cent.

BIDU is just a play thing for the hedge funds & momo traders. BIDU is not even the actual chinese company but shares of a holding company in the Caymans that owns shares of a diff company in the east which actually holds the shares of Baidu, as it was explained in a different thread. If you...

You know I'm probably gonna be the only one to to say this but the fact that you got lucky on a crap shoot like BIDU is only gonna hurt your future progress in trading. Your head is overblown and I have no doubt in my mind that you will touch this crap in the upcoming week, get in with 100...

I think he would fit in better in a casino rather than a trading room. Watch him keep trading BIDU and be blown out of the profession next week.

Oh dude I made a little over 500k. But this one crazy F**ker in the room made over 2 mil. Still we both felt like peons after finding out that this one guy made 2 billion.

Uhm did you not see how fast it tanks after a run up? I know some suckers went from being up 4 points in it to down 3 by the time they got out

Nice article. Another NazCrack momo into super short squeeze. I wonder how many traders ended their career with this stock today.

NYSE review? I'm guessing there is less and less info to front run for the NYSE parasites hence they have to start cracking down on the smaller guys.

None I guess but 8 months into it right before turning the corner I was down about 10k in my account. I never risked any of my own money, it was a prop account.

Been watching some shows to see his effect. JC been gapping stocks up. They chop hard at first, obviously too many faders. But most seem to come down, like SSI and GSL. CIB treated me well so far with some trading opportunities. The big seller was ready & waiting. He is getting a good...

It was done and very successfully. Don't any of you remember the blackjack team from MIT?

LOL Have you ever been in an Ibank? Many reasons why not to do it, the burn out & success rate (by success I mean MD, VP and above), and the required tolerance for pain as my good HS friend puts it. He is an Associate getting VP pay (250-300k/year). Close to burning out, he says it all the...

Dude, most of the stocks have little correlation with what the Dow/S&P futures are doing nowdays. Besides the day trader effect, there is little institutional/retail buying & selling that goes with the market moves. The lower volume stocks 100k-500k daily, no matter the price, have little...

Not just retire but get burned out or move on to other more capital intensive ventures. What about traders that made a bunch of money for a few years and then all of the sudden could not make a dime so they quit. Are they considered failures if they gave back an insignificant amount to the...

Nobody ever went broke taking profits. Have profit targets, this is a not a "let it ride" market, at least not for the majority. You cannot afford to take the big risk that big traders/day traders take, your only way to survive is to aim smaller and just work on controlling your losses and...

Do you honestly expect an answer? Why would these people give up their gimmick? Without it they can't make money. The secret is already out anyway and it's a limited time before it's over. I'm sure you can figure it out on your own.