25 Years & $100 Million Profits... A to your Q's, Today Only

Quote from Pension_Admin:

I have been a struggling trader for a long time and I pretty much given up all hopes for success in trading, but I am going to stick to trading just to see if being persistence would pay off.

It would be great if a successful trader like yourself could give me and other traders like me a bit of guidance and let us know if we are heading the right direction.


Many thanks!

Pension_Admin
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1. Look for chart correlations to future moves.

2. Try to "risk a little" for the opportunity to "make a lot"

3. 50% winners is plenty if wins = 2x+ losers.

Here's an example of BEST CORRELATION...

"Nasdaq dips -16% to up-slope 200 Day MA , and bounces*.... so, go long" That's just about as good as it gets. Well, you're going to see that only once per year or less. What else is "good", though probably not as reliable as that? It's in the charts.

*Everybody on ET can pay their house off with this one... you're welcome!! :D
 
Quote from scriabinop23:

gnome: I just PMed you a solicitation for partnership on a automated system I designed, if you are so well capitalized and looking for noncorrelated options.

But... This 100m is net profit, after losses?
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You can consider that "net", but for me AND former clients... only a percentage of that stuck to my fingers... but is wasn't only 2%.
 
1- How do you deal with the pressures when you first started trading at age 35? What did you do to overcome it?
2- How long did it take you to reach consistent profitability?
3- What was the one thing that took your trading to the next level?

thanks for your invaluable insights

TG
 
Quote from topguntrader1:

1- How do you deal with the pressures when you first started trading at age 35? What did you do to overcome it?
2- How long did it take you to reach consistent profitability?
3- What was the one thing that took your trading to the next level?

thanks for your invaluable insights

TG
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At 35, I was a smart guy with no job and no money... I lived in a 1 bedroom apartment and drove a VW beetle... I somehow morphed into trading mutual funds and SP futures after that. Considering I started with $25/mo. on a bank draft into Templeton Growth Fund, I'm sometimes taken back as to where all the money came from... compounding??

I never really had to "overcome" anything... I'd figured out certain technical "things" about the market before I started in earnest.

I don't know what the "next level" is... maybe I'll find it soon... :D
 
Quote from jtnet:

somone making 100mill, trades on folding tables and a cut up table cloth for curtain?
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Based on gnome's past posts, he strikes me as the type of guy that would live a very conservative life style, regardless of how much money he had. I don't think this picture proves or disproves anything in regards to his success or lack of.
 
Quote from gnome:

You can consider that "net", but for me AND former clients... only a percentage of that stuck to my fingers.
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oh then. how many years did you trade near peak account size and what was the amount under management most of the yrs that generated your bulk profit ?

I imagine your account is now much smaller since you aren't trading opm anymore ?? and if thats the case, is recent profitability just as good?
 
Serious quesiton: Do you have a need for an intern this summer?

I have a strong background as a programmer and I'm studying finance in an MBA program (hence the internship search). Importantly, I work hard and follow directions!
 
Quote from wilburbear:

Sorry you've all been misled by this guy.
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It is understandable that a successful trader would rather spend money on other luxury items than on work itself.
 
Quote from clacy:

Based on gnome's past posts, he strikes me as the type of guy that would live a very conservative life style, regardless of how much money he had. I don't think this picture proves or disproves anything in regards to his success or lack of.
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The picture? Wife picked those curtains out. We live in a $400-$600/sq ft part of town.. in a house built in the 1930's... adequate for now.
 
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