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

Quote from William Rennick:

I think krt was treated a little rough by tradernik. We expect everyone here to treat each other with a certain level of respect, don't be a Schleprock. Now back to gnome's great thread.
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I would tend to agree, a bit harsh, but the spirit of it was righteous. krt asked a question and didn't get an answer. He could have seen that gnome was answering all the questions posed to him. Why not just let it go? By asking 'why won't you answer this question', he's getting in gnome's face. Pure and simple. Gnome probably doesn't even read it that way but I did.

Then gnome did answer (declining), and krt started to engage him in a debate about why he should answer.

Enough already. Drop it. Move on. Read and learn. Don't whine.

I should have just said 'Quit whining about it' and left it at that. My apologies if anyone took offense at my bad language.
 
Hey Gnome, i see somewhere in this big giant thread you made some mention of CA real estate

do you follow CA real estate?

if so, how much more of a drop would you be looking for before you start buying in?
 
Quote from traderNik:

I would tend to agree, a bit harsh, but the spirit of it was righteous. krt asked a question and didn't get an answer. He could have seen that gnome was answering all the questions posed to him. Why not just let it go? By asking 'why won't you answer this question', he's getting in gnome's face. Pure and simple. Gnome probably doesn't even read it that way but I did.

Then gnome did answer (declining), and krt started to engage him in a debate about why he should answer.

Enough already. Drop it. Move on. Read and learn. Don't whine.

I should have just said 'Quit whining about it' and left it at that. My apologies if anyone took offense at my bad language.
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Well stated.
 
Do you usually anticipate a price movement and enter with limit order or jump on a move already underway by using stop/mkt orders?
 
Quote from blackjack007:

wow, so you're happy to mention you made $100m in profits and was rated #1 by some service and would be in the bowling hall of fame and have averaged 40% annualized, but when someone asks about your biggest loss or worst year, you say that's too personal? but mentioning the other things isn't too personal?

sounds like this thread is more about stroking your ego than "trading concepts". what does your elite bowling skill have to do with trading concepts?

why are you willing to answer only the questions which boost your ego?
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Your post caused Inspector Rennick to do a little clicking around on the www.
Here are some links to learn about our man gnome. He may have a healthy ego, but it looks like he is indeed a very successful trader, with portfolio. Thanks Gnome, you were very generous to share your insights. You reenforced my belief that simplicity is a beautiful thing.
:cool:

http://www.traderclub.com/discus/messages/18/1891.html?MondayMarch2220040914am

http://stockcharts.stores.yahoo.net/howtomamoins.html
 
Quote from blackjack007:

when someone asks about your biggest loss or worst year, you say that's too personal?
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Quote from gnome:

My profitability has always been streaky... when "I've read it right", I've done great. When not, struggled around flat. I've had 4 years of +100% return on capital, several years of 5-10%... others between. I'd love to be "consistent", but haven't been able to get there...
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question answered.

maybe stick to blackjack, 007.

(Whaddya think, Rennick? Kinder, Gentler? :) )
 
Quote from traderNik:



(Whaddya think, Rennick? Kinder, Gentler? :) )
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You're asking that to one the biggest thread brawlers on ET, I've been deleted, banned, pm'd by mods more times than Bobby Cox has been thrown out of Ball games. Ohh but I love it.

Billy Rennick Martin out:D
 
gnome great thread very generous of you,, can you tell us how you aquired your discipline ,how long did it take?
 
I had stop discipline right away. I reasoned that I had only one capital base and was unlikely to get another if I blew out.

As far as the "discipline to TAKE risk", I wish I were better even now. But then again, you can't have it both ways. If you're going to be very protective of capital, you can't also be a dynamic risk taker (where the potential for spectacular gains is greater but so is the risk of ruin. The market can be tricky, you know.)
 
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