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

[actionzip54]

He is all-in on an expiring weekly. The outcome any particular trade, no matter how robust the edge, is unknown. Proper bank roll management would make that outcome, in any particular instance, unimportant. In this case, the survival of his account through the weekend depends upon a favorable outcome for this one trade. No matter how sound the thesis for the short trade, it is never a good thing to be all-in (unless that was somehow the plan - do perform stunts).

I never implied it was good risk management.

 

[newwurldmn]

This thread is disturbing. So many people spend this much time doing all the BS

Just leave this guy alone. Let him make or break. It is his own $$.

He asked for the attention. I sense he's smarter than he lets on. I wouldn't hire him to trade, but for marketing....

 

[FXforex]

I can't find the QQQ put trade. What is the position?

http://www.winningportfolio.com/showthread.php?1076-From-10-000-to-100-000-in-6-months/page2

OK thanks ......... I see he has closed the AAPL calls @ $0.81 and bought the QQQ weekly puts. Now watch AAPL hit $600.00 on Friday and take the QQQ's along for the ride.

 

[nonlinear5]

In this case, the survival of his account through the weekend depends upon a favorable outcome for this one trade.

It's my understanding that the QQQ May 9 86.5 put expires tomorrow, Friday May 9. The last traded price was $0.35. That's what I thought the OP holds at the moment.

 

[lotto]

It's my understanding that the QQQ May 9 86.5 put expires tomorrow, Friday May 9. The last traded price was $0.35. That's what I thought the OP holds at the moment.

Right, and so he needs that trade to payoff tomorrow or he'll have no capital in the account to trade with next week.

 

[Tonkadad]

Haha. Yeah, don't blame me, blame the time decay.

That dam time decay does it again. I think it is time to cut off time delays trading privileges.

 

[tiddlywinks]

He asked for the attention. I sense he's smarter than he lets on. I wouldn't hire him to trade, but for marketing....

His abilities are suited towards entertainment. Not marketing, or any business/financial undertaking.

 

[xelite777]

Do you have any idea how silly some ET members would look if OP made his first documented $1,000,000 ( or more) at the age of 25?

 

[Tonkadad]

Do you have any idea how silly some ET members would look if OP made his first documented $1,000,000 ( or more) at the age of 25?

Do you have any idea how silly the OP would look if lost the majority of his $10,000 account in less than 1 week.

What are the chances?

 

[xelite777]

Do you have any idea how silly the OP would look if lost the majority of his $10,000 account in less than 1 week.

What are the chances?

Well, John Paulson lost a half of a billion dollars from his Sino Forest investments.

George Soros lost $1.5 billion in 6 months betting against the Euro currency market.

And Warren Buffet lost 1 billion during the first quarter of 2014 alone.

And yet I don't see anyone here on ET laughing at these extremely wealthy investors/speculators.

But lose just 10K and voila! hundreds of ET members will comment on that immediately and basically say : "Wow, what a loser!"

How pathetic is that?

Seriously.