Get Rich Or Die Tryin'!

[SabreMan]

no wonder he is a fanatic about cutting losses, he learned the hard way.

In his orginal interview he says:

"The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses"

It is easy to conflate this with:

"keep losses small, keep losses small, keep losses small"

But they are not the same thing.

As Covel says in his 2004 book, "Trend Following":

"I’ve had the chance to review his monthly performance data for the decade of the 1990s. The month-by month numbers are eye popping. Seykota takes big risks, and he gets big rewards"

 

[padutrader]

with that kind of capital you could easily trade for a living.

 

[SabreMan]

with that kind of capital you could easily trade for a living.

In your location, Hyperbad, maybe but not in London

 

[padutrader]

In your location, Hyperbad, maybe but not in London

yes perhaps it depends what sort of standard of living you are wanting.
yes i am in Hyderabad and i am trading with 25 usd!!!!!!!!!!!!!!!!!

 

[SabreMan]

yes i am in Hyderabad and i am trading with 25 usd!!!!!!!!!!!!!!!!!

Im sure a guy could have a pretty good weekend in Hyderabad with that kind of money

 

[padutrader]

Im sure a guy could have a pretty good weekend in Hyderabad with that kind of money

it is ok for dinner with two

 

[padutrader]

i pay my maid 25 usd per month

if i can make 25 usd per day i will get equal to my monthly pension.

suggest bring your capital and shift to Hyderabad
that is why the British shifted here and stayed for one or two centuries

 

[test_user]

Did you get rich?