New march to Millions

Quote from forsalenyc:

over 60K in just over 1 month? and you began with just 10K right? wow, this is over 500% in just 1 month!!!! how is this possible? I know this can;'t be done in stock mkt. are you a FX trader or futures?
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I keep waiting for this person to turn out to be an alias for cold/T28/C-Kid and a bunch of others. He recently started a thread about having only $5K and being depressed (Johnn I think).

If he claims to have made 500% in a month, this person is blowing smoke up ET's ass.

Make 10 live calls here on ET to demonstrate evidence...
 
Quote from MatureDiamond:

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MatureDiamond,

Thanks a lot for your advice! You are giving away GOLD. I wouldn't understand some of your words only a week ago. But I do now.
 
Quote from TraderZones:


I keep waiting for this person to turn out to be an alias for cold/T28/C-Kid and a bunch of others. He recently started a thread about having only $5K and being depressed (Johnn I think).

If he claims to have made 500% in a month, this person is blowing smoke up ET's ass.

Make 10 live calls here on ET to demonstrate evidence...
More...
Very possible

Some of my friends got financials calls last Wed. after i called the market bottomed. Some went > 100x on Friday

However some issues in money management. If someone only have 10k in the account and put 2k into it. Got out when it was 20x in the next days which has been very easy case on last Thursday. It's 500% for his account in 2 days :D

However i only played options once so far in this account

I play very conservatively

Jim Cramer said couple of days ago: when account value increase too much in a short time, pros are very concerned, because it implies too many risk he is taking.

Finally got gem words from Cramer :D
 
Quote from 4DTrader:

MatureDiamond,

Thanks a lot for your advice! You are giving away GOLD. I wouldn't understand some of your words only a week ago. But I do now.
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My pleasure. Good luck to you
 
Quote from ProfitTakgFool:

MatureDiamond,

I wish you luck on your quest to get rich and I'd like to share my experience with you that may help you on your journey.

I began doing what you are doing except I began with just 5k and had a goal of turning it into 100k by the end of the year. In my first month I turned 5k into 10k, then in month 2 I turned 10k into 20k, and finally in month 3 I turned 20k into 42k. In the middle of this streak I encurred a 13k down day but made it back in 3 weeks. What I noticed most about my profit curve is that it was pointing straight up and looked <b>Exactly</b> like the chart of the Nasdaq in 2000. The day after Labor Day rolls around and I cough up 3k. Three days later I made the 3k back and all was well but now I had my double top like the Nasdaq did. From there I went on a 33% correction and feared I would blow up. I stopped trading for a few days and took a long hard look at what I was doing and I came away with the conclusion that I was taking on WAY too much risk. I was pretty new to futures and I didn't appreciate the risk of the futures market until I got beat badly by it.

What I did from here was measure exactly how much risk I was assuming to generate a given amount of profit. After I did this the 2k, 3k, 1.5k, etc....days were a thing of the past. Instead, I focused on making 300, 500, 450, etc....per day. What happened is my equity curve went from looking like a roller coaster to a slow steady growing slope -- it was an absolute thing of beauty. After I acheived this I knew I had "arrived." It's not until you can full appreciate the relationship between risk and reward that you can "arrive." At the end of the year I had profits of just over 55k, for a return of just over 1000%. I didn't make my goal but I was tickled pink with the results.

So, based on my experience, and the rapid rise in your account, I'd suggest you take a look at the shape of your equity curve. Is it pointing straight up? If it is you're heading down the same road I did and you're gonna take a big hit. Your trading results are really nothing more than data and there is a predictable pattern to data that has the shape of a bubble. They all pop. If you want to generate HUGE profits you have to assume a HUGE amount of risk.

I wish you success on your journey but remember that making too much money too fast is a very bad thing.
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Though I was never any where near these kinds of returns, I am starting to think you may be on to something.. PTF

See my equity chart.. though the drawdown was caused by breaking rules.. there is always a reason..

http://www.elitetrader.com/vb/showthread.php?s=&threadid=115745&perpage=6&pagenumber=83
 
Quote from TraderZones:


I keep waiting for this person to turn out to be an alias for cold/T28/C-Kid and a bunch of others. He recently started a thread about having only $5K and being depressed (Johnn I think).

If he claims to have made 500% in a month, this person is blowing smoke up ET's ass.

Make 10 live calls here on ET to demonstrate evidence...
More...

My gut feeling is this guy is on the "up n' up".....could be wrong...but the way he expresses himself is not like those other clowns:D

Looks like it may progress into an interesting thread...

Good luck, Diamond
 
To retire45. I just check what you did. In fact you are doing great. It is not easy to play individual stocks in the past months. We are in once-in-3-decade-market. When INDU, SPX down to hell, many stocks were heading to new high.

To TraderZones and Now is Now. Actually I dont know any IDs and their stories in ET. I come here to read some eco issues discussion. I read a lot of posts. But never remembered any ID before i initiated this thread. Many ppl are very very good at some points or some fields here.

I learn a lot from ET. I did not find any bad posts here. Just the different points of view from different ppl

Nothing is impossible in the trading world including either wipe out or quick rich

I come here not to prove but to improve -- quote from a friend

Anyway, thanks for any inputs. We are playing risky games. Risk is the first priority forever all the time

Good luck to all
 
Hi Diamond,

What kind of plays do you do in oil? With this volatility I don't see how you could do anything other than ultra-short or long term (if you have massive capital).

Best trading,

Jorge
 
Quote from Sarvise:

Hi Diamond,

What kind of plays do you do in oil? With this volatility I don't see how you could do anything other than ultra-short or long term (if you have massive capital).

Best trading,

Jorge
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Hi Jorge

Not a good time to play OIL/GOLD now. Let them be. Same is USD. Wait for another week (We have to watch EUR breakdown or USD.JPY breakout to make further trading decisions). Although I thought OIL would go down further.

Will likely short index futures next week at the pops.

I did short OIL at that big drop day at 144.5, after 30 mins it hit 135.92, i even did not have time to close it. What a lol :D

Got around 11 pts another account (8 pts or so in this account) at that day. I never had that kind of play. :D

Good luck to u
 
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