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

[lotto]

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?

I like to stay out of the insults and name calling and general baby shit stuff, but one wonders why you don't realize how silly you might look to some given your unquestioning support of the OP thus far. His trading in this journal is nearly a textbook example of every behavior that nearly ensures an eventual (and quick) ruin. I'd love to see the kid hit his goal. I hope the Q's trade 83's today so he can not only get it all back but end in a profit. But that would do nothing to change my opinion of the recklessness of his approach. Even if he somehow pulls a rabbit from his hat today, unless his behavior changes, what has already occurred this week will repeat itself - probably as early as Monday. And I do not agree with you that reckless abandon (my words, not yours, but certainly implied in several of your defenses of the OP's approach) is necessary to achieve what the OP is attempting. What he does need is an edge and a familiarity with how to size his bets to maximize return while minimizing risk of ruin. If only someone would come up with a formula ...

 

[RichardRimes]

I shouldn't have posted the pics of the car I admit. I was just trying to show a point that it might not have been the best time to start the challenge since I had a pretty traumatic event just a couple days back. I also didn't point out the type of car I was driving or anything. I feel that if I posted a picture of a 1999 Honda that I just wrecked last week, it would have been taken much differently.

Any other comments I have made outside of trading in this thread have been in replies to other comments. Many of you have gone through my internet history and made comments about what you can find. Even as far as mentioning the bar tab on my birthday.

TWO wrecked cars and a big bar tab...do you think you may have a drinking problem?...never mind just re-read...post only one wrecked car.

 

[Dolemite]

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.

If Warren Buffet had posted a bunch of instagram pictures with him dancing around stacks of 100's and making it rain in strip clubs then yes I would make fun of him if he came to ET and told everyone he was going to turn 10k into 100k in 6 months only to blow out in 2 days.

 

[GoldenMember]

Oh oh!

 

[nonlinear5]

If Warren Buffet had posted a bunch of instagram pictures with him dancing around stacks of 100's and making it rain in strip clubs then yes I would make fun of him if he came to ET and told everyone he was going to turn 10k into 100k in 6 months only to blow out in 2 days.

I went to a strip club with Warren Buffet once. He was reading the Graham & Dodd book the entire time, while giggling.

 

[voltrader1]

Oh oh!

qqq @ 86.40 pre open.

GRU, I have one question, whats your obession with this all in strategy? All it takes is one (or in your case 3) trade to blow you out that way.

 

[voltrader1]

Oh oh!

 

[GoldenMember]

ROFL ^

Actually Q's puts may just work out for him today.

I just stopped taking this thread seriously [well a few pages back actually]. I only pop in time to time for a quick laugh.

What I don't understand though about the previous "Theta/time decay" topic.

Isn't Theta always a factor when buying or selling an expiring contract? How does that surprise anyone?

 

[drownpruf]

ROFL ^

Actually Q's puts may just work out for him today.

I just stoppped taking this thread seriously [well a few pages page actually]. I only pop in time to time for a quick laugh.

What I don't understand though about the previous "Theta/Time decay" topic.

Isn't Theta always a factor when buying or selling an expiring contract? How does that surprise anyone?

He went virtually all-in w/o understanding why the call was so cheap in terms of premium. He held the call even with the info (hitting 3.30 intraday). He stated on another thread that NQ's were $25 per point. What is the point of going on?

We really need to stop commenting on this train wreck. He cares more about the attention whore status. He should post to Perez Hilton.

He's going to try again in June. Why?

 

[bigsnack]

Smells like a rally...