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

Mr. Gnome,

Reading that you follow the Central Banks and such;


Is there any reason why you don't trade FX? Seems like it would be a fertile ground for profits, given the liquidity and the tendency for sustained trends?

Second, kind of the same thing can be said for the domestic interest rate instruments - Bond futures and etc. If you have an opinion on inflation, if you are right half of the time, if you make at least 2x when you are right vs. when you are not - why not partake?

I am assuming you don't only because you haven't mentioned that you are involved in either.

If you do trade these instruments already, never mind ...
 
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Quote from Htrader:

Any reason why you didn't answer any of my questions?
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I'm not all that interested in revealing personal information to THOUSANDS of viewers. My intention for this thread was to be about "trading concepts".

If you're wondering whether I'm BS'n... Well, I won 3 divisions of the US Investing Championships in '94... and had the #1 rated advisory service in MoniResearch Newsletter for a few years before being kicked out of all the mutual funds.... all verifiable if you care to.

If that doesn't float your boat, please disregard all I've said.
 
Reading your posts, seems like you had fun making the money.

Thanks for sharing.

A few people on this board like you, are wealthy traders who know more than some others writing books on trading. I think that is because you'd rather trade than write books.

Point being, this has been extremely informative.

My hat goes off to you.....

Quote from gnome:

I don't think of myself as having "large amounts of wealth"...

But, I got more than most of you mugs.. and THAT'S what counts... :D :D
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Quote from Mad_Alfred:

Mr. Gnome,

Reading that you follow the Central Banks and such;


Is there any reason why you don't trade FX? Seems like it would be a fertile ground for profits, given the liquidity and the tendency for sustained trends?

Second, kind of the same thing can be said for the domestic interest rate instruments - Bond futures and etc. If you have an opinion on inflation, if you are right half of the time, if you make at least 2x when you are right vs. when you are not - why not partake?

I am assuming you don't only because you haven't mentioned that you are involved in either.

If you do trade these instruments already, never mind ...
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I never traded FX... and have heard many stories about its "bucket shop-ness"... so never looked into it.
 
Quote from JSHINV:

"... know more than some others writing books on trading. I think that is because you'd rather trade than write books.

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Oh, I COULD write a book... but in all honesty, it would be more like a "pamphlet"... you know, "Chaper 1" stuff... the things everyone was in a hurry to get past so they could get on to the good stuff... tsk, tsk.
 
Quote from Mom0/pH0x:

i don't want to know how to make a bomb or a still, so, now that you are out of the program, how would one who hypothetically wanted who hypothetically wanted to make LSD do so???
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The only technical thing gnome does is look at equity charts. You're barking up the wrong tree.
 
Quote from gnome:

1. You already know how much I hate the Gummint, its lies, policies.. etc. and the Central Banks... We're all frickin' doomed, and not politically sophisticated enough to THROW THE BUMS OUT.. just the way they like it...

2. Computerization and concentration of assets has changed the markets. The play now seems to be for shorter term and smaller profits. We have to adapt to that or be left in the dust.

3. I don't believe in "edges". Few of us ever find one, and when we do it's likely to be illegal. Regardless, trade with chart discipline... it's your best shot.
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Will you vote for Ron Paul?
 
Quote from gnome:

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
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I really enjoy hearing people like you make it.

I have a great deal of respect for you for carving your way through the world in such a fashion.

My mom was essentially kicked out of my father's trailor after the slightest mention of a divorce. He transferred everything into his mother's name and my mom got nothing out of the divorce. She was forced to live in her car for 6 months and take showers at Rest Stops on the interstate. After meeting my stepdad (whom i think is the greatest guy who has walked this earth) she has moved her way up as deli manager and now makes about $80,000/yr as deli manager. She has about $1mln in her 401k and company stock. You would never know it by the way she acts, she would do anything for anyone.

Thank you for your contributions to this board.

Good luck and good trading in 2008.
 
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