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

Quote from PohPoh:

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...
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It is the same as trading futures. Futures use 10:1 5:1 margin. I only used 2:1 margin in 2006 and 1:1 margin in 2007. Very safe. I have been borrowing since 2004.

If you have a system that is so accurate and constantly on the money, you will no longer feel it is a risky business, rather it is a business: Buy oversold/unvercovered and Sell at fair-price.
 
Quote from qll:

I am 435K now. thanks to AWX and KMA today.
This is for 4 months in 2007, from 266K to 435K.
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Those stocks trade like 100k shares and are illiquid. Good luck gambling, don't lose.
 
Quote from mde2004:

Those stocks trade like 100k shares and are illiquid. Good luck gambling, don't lose.
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Not even, AWX barely breaks 10k shares in DAILY volume. There's no way he's trading 6 figure amounts in and out of this stock.
 
Quote from rcanfiel:

Honestly, I am unimpressed. A simple double/triple beta (leveraging) of the market during this bull run = these kind of numbers.

I am only impressed by traders who do well in flat markets, AND/OR those whose longs and shorts BOTH consistently make $$$

Otherwise, *yawn*
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Same here. 2004-2005 were relatively flat market years, IMO difficult to trade.

2006 and this year so far are fantastic... I question your experience level given you have such high opinions of your recent performance - Not to say that it isn't great performance, but, as pointed out above, the flat years are going to come again.
 
Quote from Mike805:

Same here. 2004-2005 were relatively flat market years, IMO difficult to trade.

2006 and this year so far are fantastic... I question your experience level given you have such high opinions of your recent performance - Not to say that it isn't great performance, but, as pointed out above, the flat years are going to come again.
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in bear or flat market, money goes into value plays. there are always money stay in equity market. there are always stocks going up.

it is just a matter to find the hot sector, hot spot.
 
What bank in their right mind loaned you $200k with no job?


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.
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congrats on the performance.

From my experience you need at least 5 years of track record before big money will even look at you... 10 years is probably even better.
 
I remember working as a stock analyst in Hong Kong in the late '80s. We recruited a pleasant local who was experienced and knowledgeable. He told me he had been very long the Hong Kong market and had been about to retire - he had modest ambitions. He had been highly geared when, guess what, October '87 came along and he got wiped out.

A not uncommon story, repeated in the dot com boom by many.
 
For the first time, my balance is closed above $500K. That is near a double for 2007 in just 4.5 months.

My long term holding were AWX and KMA. Just today and yesterday, I used profit from AWX and KMA to buy some OPBL.OB and BDR to bet for a bounce.

I have enclosed a screen shot.
 

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