Have I just been lucky today?

Another option is to liquidate your IDCC position immediately, go to Vegas, put it all on the "pass line" and roll a natural. Seven eleven, baby!

You're gambling. You already know that though...
 
Quote from amedhussaini:

Another option is to liquidate your IDCC position immediately, go to Vegas, put it all on the "pass line" and roll a natural. Seven eleven, baby!

You're gambling. You already know that though...
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It's not the same as Vegas. I go to Vegas and I double my money or I lose it all. In this case, if the company loses a lawsuit, I can still get out with maybe 50% of my money. I have also done my DD on the company, it's not like I picked any random company to put most of my money in.
 
Quote from dinkydow:

I love this story. I don't want to read portfolio theory. I want to read about men with guts.
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Like Jesse Livermore, who won and lost 3 fortunes and blew his brains out?
 
Quote from interdigital:

I think my success today was based on picking good entry points, and just taking what the market gave me. I used to try to get at least $1K per trade, and that is probably one thing that has screwed me before. Most of my trades today had a profit of less than $1K each, but it all added up.
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what success are u talking about? one day you lost 6k+ the next day you made 4k+. in 40 trading days you will have lost your trading capital.
 
Quote from scriabinop23:

Whats amazing is that all the stochastic calculus and advanced math in the world doesn't guarantee you any edge over any other participant. Just imagine what would happen if every market participant had an equally intelligent neural network automatic trading program ? Would everyone make $$$?

Who would lose?
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I knew stochastic calculus is useful for option theory, but don't know how it is related to stock trading esp daytrading stocks. Can you enlighten me? :D
 
Quote from interdigital:

So you've never had a losing day in your life?
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ID:
Did you make money on average? Consider all the trades you have made, did you make money or not?

You should analyse all your trades and try to infer with statistical tools.

Nobody can tell you if you are good or lucky by looking at two days' result.
 
I agree with the previous post; two days don't mean anything in trading. Every trader can have several days of unusual success or failure. There will be trading days where you are totally in sinc with the market, others where it seems you can do nothing right.

I think each trading strategy/philosophy will show different degrees of success or failure depending on market conditions. That is what makes trading so difficult to master.

Try to find market conditions that complement your style, and tread lightly when conditions are unclear.

Good luck on your investment, and your trading.
 
guys quit ripping on him. if he is comfortable with his purchase then leave him be. FAAAAAAAAAAAAAR too much risk for me but if he feels comfortable then i don't care.
 
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