Taking 103K to 1.2million by Year End 2008

[neke]

Quote from Daal:

I try to think what is your mindset yet I cant make sense of what you are talking about.
I agree with this if you are talking about multiday, then ok, options are great.
But as far as daytrading goes the underlying is probably much better, I dont think you can even compare the two.
I've heard of tons of people who make a killing daytrading prop, I never heard of any of them of expressing their trade ideas through options, unless you are worried about 'black swans' wiping you out as you put it, whatever disvantage they have its easly offet by the fact that you dont lose 10% of your dollar volume just to get in and out. A electronic stop should protect you the majority of the time. I mean if you think GS will make a run why give a chunk of your profits to guys like nitro?are you that worried the surprises will be always against you?

Yes, what I mean is that using 20:1 leverage on say one stcok, means you will be wiped out with just a 5% adverse move. As for splitting it into multiple positions, I said my method calls for just a few ideas a day, so I cannot make use of all that buying power.

 

[Daal]

Quote from neke:

Yes, what I mean is that using 20:1 leverage on say one stcok, means you will be wiped out with just a 5% adverse move. As for splitting it into multiple positions, I said my method calls for just a few ideas a day, so I cannot make use of all that buying power.

ok but its not necessary you go to 20-1. you could vary depending on the stock,volatility, target etc.
All I'm saying is that if you keep the same $ amount of risk per point move in the stock(say buying 25% account in GS options would keep your risk at $15K per trade and you could achieve the same $15K per trade by levering your account by say 5-1), using the underlying will save you fortunes

 

[greatfire]

Quote from neke:

Give us your one pick that will double next week, and let's sit by and watch your clairvoyance at work!

I am such a fan of this thread.. I'll take this up.

Let's see, next week's doublers:

TMA
FNM
RHD

 

[Now is Now]

You have done a great job, Neke....keep it up.

When things were bleak earlier I thought that if you got a 50% return you would have been successful in your trading.

Keep trading through the end of the year as long as you are happy and secure in your method.

Best wishes.

 

[txlegalpro]

Quote from greatfire:

I am such a fan of this thread.. I'll take this up.

Let's see, next week's doublers:

TMA
FNM
RHD

Those are some scary looking stocks. But I am a noobie just learning to chart, so what do I know?

 

[JB3]

I laugh when people start getting philosophical.

Just keep doing what you are doing, it's working obviously. Keep the risk and bet size in check like you have been, and everything is going to work out according to the statistical probabilities.

Keep going, and forget all this talk about giving it back or stop trading.

To infinity and beyond!

Seriously, you are one of the few that have made this kind of return. So why all of a sudden start listen to pikers throwing their ideas around?

 

[Red_Ink_inc]

Quote from greatfire:

I am such a fan of this thread.. I'll take this up.

Let's see, next week's doublers:

TMA
FNM
RHD

Nice picks. The best performer was -27%. Mind you the week aint over, but ouch.

 

[shortie]

Quote from Red_Ink_inc:

Nice picks. The best performer was -27%. Mind you the week aint over, but ouch.

ouch! i hope no major damage has been done to a real account.

 

[NoDoji]

You all shorted those stocks, right???

 

[shortie]

Quote from NoDoji:

You all shorted those stocks, right???

i only wish...

i expected a drop but the the magnitude of it caught me totally off guard. still in shock...