From $10,000 to $100,000 in 6 months.

[nonlinear5]

Well, let's see what we got so far:

Long 4 contracts at 3585.25.
Long 4 more contracts at 3582.50
Stop at 3580.

Result day 1:
4 * (3585.25 - 3580) + 4 * (3582.50 - 3580) = 31 point loss

This translates to:
31 * 20 = $620 loss

Add commissions:
620 + 1.2 * 16 = $639.2 loss

Now, that's an optimistic result. The less optimistic result is that the stop was "mental", in which case there is a bigger open trade loss. An even less optimistic result is the liquidation by broker. The NQ intraday margin (at Interactive Brokers) is $1843.75 per contract. With 8 contracts, this requires $14,750 of capital. The intraday maintenance margin is $1475 per contact. For 8 contracts, that requires $11,800 of capital. The OP has only 10K. That's a forced liquidation scenario.

Now that I've written it, I regret the time that I wasted on it. This kid wrecked his dad's car (the priceless pictures were removed by the moderator), and now he is playing with dad's money.

The NQ is at 3574.5 at the moment. If the trade is still open, the OP is down 15% on the account.

 

[xelite777]

By bringing in new subscribers.

Sure, but if your trading signal service sucks how long do you think it will take before your name and bad reputation are known all over the net?

 

[bigsnack]

Sure, but if your trading signal service sucks how long do you think it will take before your name and bad reputation are known all over the net?

It's easy. You just post hindsight charts with lots of lines and ovals, highlighting all of the cues that would outline why you would have taken a short here or a long there. You then go into vague and wordy lines of explanation. Hopeful lemmings want to believe, and they trickle in...

 

[xelite777]

It's easy. You just post hindsight charts with lots of lines and ovals, highlighting all of the cues that would outline why you would have taken a short here or a long there. You then go into vague and wordy lines of explanation. Hopeful lemmings want to believe, and they trickle in...

Really?

You really think people will hand over their hard-earned cash every single month just to get vague trading comments with no clear buy/sell signals and stops and profit targets?

It does not work this way my friend. Try it and see how long you can stay in business...

 

[GoldenMember]

I believe I stated already that in almost all cases I will be making calls for where I am looking to enter or exit beforehand. If I do not, then I would post within minutes of the entry or the exit.

One can only assume he is still in the trade. Since he said he would post entries and exits within "minutes"

Current NQm14 = 3573.50

 

[bigsnack]

Really?

You really think people will hand over their hard-earned cash every single month just to get vague trading comments with no clear buy/sell signals and stops and profit targets?

It does not work this way my friend. Try it and see how long you can stay in business...

Well this kid's biggest mistake was that he actually made an attempt to put his reputation on the line in this thread. If you never show actual trading results though, there are going to be some people who will bite.

I'm not saying he can make a comfortable living on subscriptions alone, but loads of dudes attempt this business model.

 

[GoldenMember]

One can only assume he is still in the trade. Since he said he would post entries and exits within "minutes"

Current NQm14 = 3573.50

New Low of Day 3570.00

 

[bigsnack]

Yup,

I'd be expecting 65.50's also, then 55.75's if it keeps going from there.

 

[xelite777]

So he apparently had a bad day, big deal.

Keep in mind that this thread is about turning 10K into 100K in 6 months (or sooner), so he HAS to take big risks, there is absolutely no way around this.

 

[xelite777]

E-mini NASDAQ 100 Futures still going down, it just won't let go...