some of the Market Wizards are taking hits.

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Originally posted by praetorian2
There may never again be readable trends, but there will always be short term bottoms.
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Out of curiosity, what will the market be bottoming from if not a down trend :confused:

PEACE and good trading,
Commisso
 
Funny commisso. I honestly think that I could move 100m and invest/trade it at over 100% return annually. Just look at tyc. I nailed a 30% move in 1 day on that stock. I did it on a few k shares. I could have done it on 5m shares just as easilly. You only need a few of those a year to really clean up.
 
Originally posted by praetorian2
Funny commisso. I honestly think that I could move 100m and invest/trade it at over 100% return annually. Just look at tyc. I nailed a 30% move in 1 day on that stock. I did it on a few k shares. I could have done it on 5m shares just as easilly. You only need a few of those a year to really clean up.
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I do not doubt that one can do it with that size... But I do doubt that it can be done without exposing oneself to a considerable risk of blowing up...

PEACE and good trading,
Commisso
 
I propse a P2 versus sabena trading challenge. as I recall sabena was going to bury Larry Williams futures trading record. Don Bright, put on your referee's jersey.
 
I'm game. You start with 60k in an account. Every time that account gets to 80k, you sweep it back to 60k in the account. The challenge ends on dec 31. Anyone want to wager against me? I'm up over 150% using this exact scenario just this year alone. I'll probably do over 300% annually like this. Who wants to challenge me?
 
Originally posted by praetorian2
I'm game. You start with 60k in an account. Every time that account gets to 80k, you sweep it back to 60k in the account. The challenge ends on dec 31. Anyone want to wager against me? I'm up over 150% using this exact scenario just this year alone. I'll probably do over 300% annually like this. Who wants to challenge me?
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Will you be interested in the following equity trading challenge?

Start fresh on 1/1/03. 100K account. Maximum position in one stock not to exceed 35% of equity (unless ETF). All profits are swept at the end of the week. No adding money if down. No options futures etc. Stocks only. Margin may be used up to 2 to 1 only.

All executed trades will be audited and placed on the website in case study format. We could offer subscription service to that for $99. Subscribers can get the entire year of both our trading journals for that price (a true bargain)

Winner gets to make a donation of the ENTIRE subscription profits to the make-a-wish foundation in his name.

What do you think?
 
Tony Your the Man, Excellent idea!

If if could trade a PA, I'd consider eating humble pie and take the challenge.

As for the cost of observing:
Would my $99 bucks go to make a wish as well?

Prae no offense but my moneys on Mr. Oz.
 
at least this battle will be more interesting than celebrity boxing. Although i would probably say that it would only be a tie with foxy boxing :D

as far as the original post is concerned, i still can't believe people even listen to some of these guys. If you say that you can only make money in a bull market, then why would anyone pay for anymore advice? Forget technicals or fund. stuff, just wait for a bull market then buy on the dips. wasn't that the "hot" strategy? Gee, i guess my grandma could have been a "guru" too.

Not to knock all of them. There are some interesting things to be learned from them. I know, nobody is perfect, even me, but I do think the cult of superhero managers should be as dead as the dot.com IPO that returns 300% in one day.

cheers
 
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