You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
2006 from 100K to 266K, 2007 3.5 months from 266K to 360K
- Thread starter qll
- Start date
Quote from qll:
those numbers in in US stock markets. I will later post statement images.
i have another 400k in chinese market. i entered the chinese market 2 months ago. so far, i only make 18%!!! shame on me!. my friends are making 50-100% in the last 2 months.
Hope you provided for taxes on those gains for last year. How much are you willing to pay?
Sign of a top.
My comment wasn't about you, it was about the market. When it gets to where everybody is a big winner, the punchbowl gets taken away.
Today for the first time my US stock account is closed above $400K. It was over $410K in mid Feb intraday, when my large holding of ACY went to $22 but then it dropped to $16 where I sold it.
Now officially, in 16 months, from $100K to $400K. Thanks to PAE, TRT, ACY, LNX, CBRX, IBIN.OB.
Yes, my specialty is small cap, low-priced, undervalued, beaten stocks under the radar, exactly what Buffet is investing and exactly what Bridgeway is buying.
If I can break $1M mark in 2007, I will give thanks to AWX and KMA, two super undervalued stocks nobody knows.
Now officially, in 16 months, from $100K to $400K. Thanks to PAE, TRT, ACY, LNX, CBRX, IBIN.OB.
Yes, my specialty is small cap, low-priced, undervalued, beaten stocks under the radar, exactly what Buffet is investing and exactly what Bridgeway is buying.
If I can break $1M mark in 2007, I will give thanks to AWX and KMA, two super undervalued stocks nobody knows.
Quote from terminator:
you mention you are trading in china
Buy and hold in the shanghai stock exchange would have netted about 200% in the last few years.
From my point of view, any short term trading strategy which does not beat the index your trading in by at least 1 standard deviation is just not worth the effort and teh risk. You might as well leverage 3:1 and buy - hold.
If those returns where made on tradign US indices, then that is an excellent return
The short term vs long term comparison is interesting but not valid. If someone masters the skills required to continue to make good money when the indexes go sideways or down then they have achieved a lot more than most bull market heroes. I remember 87 and 00.
Quote from 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.
Are you fucking crazy?
Sorry, but trading with borrowed funds is a Titanic disaster waiting to happen...Maybe I'm misunderstanding something..
Do as you wish, I won't have to clean your shit stained underwear one day...