2006 from 100K to 266K, 2007 3.5 months from 266K to 360K

[qll]

In 2006, I have turned 100K to 266K, I was using about 200K 0% balance transfer from credit cards.

In 2007's first 3 and half month, I have turned 266K to 360K, using about 300K 7% margin.

Do you think this is a good trading record and good enough to raise some capital?


P.S, I also have two other accounts trading futures and Chinese stocks. All are profitable.

 

[wee man]

Can you lend me a $100,000?

I promise I will give you it back, if not then you can keep these magic beans........Deal?

 

[mschey]

In a word, NO! Though you might some friends and family that might throw in a few bucks!

 

[sunggong]

1.3 years of good run, so you want to start asking for OPM???

Hmm, how about doing what you've been doing, which is very good, for at least another 3-5 years first?

 

[qll]

Quote from mschey:

In a word, NO! Though you might some friends and family that might throw in a few bucks!

what kind of trading record is good for raising capitals?

 

[wee man]

You seem to be making good $$$ as it is.

What is it that you cant buy with the amount money you are claiming to be making?

 

[clacy]

Not a terrible problem to have, IMO

 

[segv]

 

[CalScholar]

Quote from qll:

In 2006, I have turned 100K to 266K, I was using about 200K 0% balance transfer from credit cards.

If you haven't already, you may want to payoff those credit cards. I wish you continued success, but if anything goes wrong, $200K is a very steep debt.

 

[qll]

Quote from CalScholar:

If you haven't already, you may want to payoff those credit cards. I wish you continued success, but if anything goes wrong, $200K is a very steep debt.

i paid off, beause the rate is 18% now. i will reborrow again from them soon, this time maybe 250k. i already have 500k debt on 7% rate. that is $35k just on interest. any time i borrow more than 1:1, i could not sleep well, so i just keep my debet below 1:1 ratio and leave room for extra margins in case some big event.

i have been trading stocks on debt for 3-4 years. not a problem. i just want to save on interest rate i pay.

my account grow quickly, i have found the stocks i used to trade no longer can let me in and out quickly. i have moved some money from low priced stocks to big companies...