skeptical point of view

[milstar]

Expect to find mentor which teach individual
to make 100% per a. is not more realisticaly as
expect from Minervini ,that he make with your
capital 50-100% per a. /also after 22.5% -? commission/
Very possible that exist newcomer ,about author is not
informed with result equal or better as by Minervini

Marc D Cook offer fax service and seminar for money

But if ambition are more ,than individual must take all responsibility for high risk .


Public record of real money competitions
by industries ,where individual mostly dissadvantaged -forex
by fxcm from time to time 600% per month .

In future author think can be more for small operator.
But clear this sort of result not possible without high/very high
risk .

 

[nitro]

Quote from easyrider:

I wonder what the figure is for annual profits for JPM, Merrill Lynch, Schawb, etc. plus all the smaller brokerages. Billions I would imagine. Who is supporting all those thousands of people that work for IB and the rest of them. Where does all that money come from? Its a wonder to me that any independent trader can make a living.

That is a very good question, and the answer is very educational.

nitro

 

[milstar]

To easy reader

Some time before shareholder of GS protested
against more high part of company capital was employed by
by proprietary trading . It was some 2.2 % of company
capital riskied per day .

GS,MWD,MER riskied mostly clients money /M&A,corporate Finance,IPO fees &/ ,but to say that individual operator
cannot make money would false- Martin Schwartz ,M.Cook,
M.Minerwini are good example's

They's exposure to the risk more /Schwartz -huge underwater position of ES/ . For one person as Schwartz ,which can make 800% per a. for capital approx. 1mln. exist multiple hundreds ,which make 20-50% and multiple 1000 ,which lose .

Also in Blackjack in casino possible (Griffith Mathematic of Blackajck,Ken Uston Big Player &/ . By risk/reward 1:1
monkey make long term 50:50 winning ratio for banan
Highly skilled operator must make 55-60 to 45:40 by R/R
1:1 or 34:66 for R/R 1:3 / use Kelly-Shannon form for
calculaton/

Nelson,Napoleon,Thengiz-Khan great risk -great win

Can apply to market ? -Yes ,Sucessfull Krawitz from CME
products is great follover of Thengiz-Khan /named he's yacht/

 

[easyrider]

Quote from milstar:

To easy reader
GS,MWD,MER riskied mostly clients money /M&A,corporate Finance,IPO fees &/ ,but to say that individual operator
cannot make money would false-

Of course there are some people that are able to do it. They have my deepest admiration because I know how hard it is.