22K in one week...?

[RL8093]

Quote from StockyIrishman:

What filter do you use to find stocks with options that could jump in the last week or two before expiration? Do you have any technicals you can suggest?

While there may be filters that would be useful, I do not use any (other than scanning news). I typically play stocks / ETFs that have a catalyst (news, earnings or technical setup). Even something like Q's options can have 50-100% moves on decent days.

The 'edge' that I have comes more from years of hard work & observation than from any magic indicator. While I do have a number of setups that have a very high success ratio (which I've yet to see published), it would be foolish for me to share them. However, they are all available to anyone who takes the time to study the markets.

 

[RL8093]

Quote from dwl603:

at no point did i ever say it was not doable it is definately doable, but you will also be gambling, the kind of risk you have to take to attain 300% in a week is the same type of risk that will blow your account out in one trade. If you are talking about leveraging it 10k and day trading that really is a completely different story, here we are referring to standard 4-1 leverage. If you were referring to day trading i really doubt they would talk about the guys initial capital because it doesnt matter.

While we could debate the use of the term 'gambling', it has pretty-much been beaten to death in other threads. I agree that a very conservative approach would be unable to generate those returns w/o a major event. OTOH, there is a very wide range of risk tolerance and trading methodologies among those in our chosen profession ....

 

[Spectra]

I been complaining about this commerical for months. What horribile marketing tactics! But hey it did spark your interest.

CajunSniper / Puretick.com Administrator-Trader

Quote from StockyIrishman:

E-signal commercial boasts "I made over 22K in one week with 11K in capital" ... Is this possible with there software. I know traders that use it just for the data feed and other software like ensign for charting. The fees are unclear after looking at their website.

I don't see how you could make that much in one week without 99% luck in finding a "jackpot" trade.

Is this software worth it? if it is I REALLY need to make about 10K in the next week. I've been trading for over a year and I've never had that kind of return without simply "gambling" on a trade.

Any advice?

 

[squall]

I knew a woman that lived in a trailer park that went to Beau Rivage in Biloxi and cranked out $50,000 in one night on slots by putting up $10.

I don't know if she used esignal or not though.
But yeah its doable.

 

[squall]

Quote from WyckoffTrader:

Got to have it to connect to many 3rd party software venders and back fill data for those application.

If you can not afford the 300-400 bones a month than you should not be trading. very little overhead to generate the bottom line you can in this trading business.

I have a second data vendor for back up that runs me 200 a month and have not used it is all year but when you need it it is worth the cost. Gotta spend money to make money.

I started out using Metatrader in forex and have been turning over 10-15% a month consistently over the past 1.5 years. Now I am using ensign but still debate from time to time whether or not to go back. I don't think it's a necessity to pay out the ass to make money in trading. Though if having the "cleanest ticks" and stuff like that give you the security to make sound trading decisions and stick with them, then hey it's worth it.