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Taking 410K to 4million by Year End 2010
- Thread starter neke
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this doesn't seem a bear market retracement to me, seems more like a depression hitting the economy to me ... those swings are way too wild and something will give in the end ...
just like I saw this coming for Robert Weinstein too months ago, just like there are technical patterns on charts you can predict, you can predict traders by their swings and drawdowns ... like I said before: it wouldn't be the first blowup I would be predicting ... it's time to regroup and play defense ... not offense
just like I saw this coming for Robert Weinstein too months ago, just like there are technical patterns on charts you can predict, you can predict traders by their swings and drawdowns ... like I said before: it wouldn't be the first blowup I would be predicting ... it's time to regroup and play defense ... not offense
Why are you guys so mean to Neke. He is a hero in my book. He has the courage to fight. He will succeed.
A guy who made his 10 millions in trading told me, in the first million dollar you make, be prepared to lose $100K in one trade. It kind of making sense to me. The methods are all there. Many people can handle small account sizes.
In order to become a great trader, at some point, you have to learn how to handle big losses.
Livermore got wiped out couple of times.
A guy who made his 10 millions in trading told me, in the first million dollar you make, be prepared to lose $100K in one trade. It kind of making sense to me. The methods are all there. Many people can handle small account sizes.
In order to become a great trader, at some point, you have to learn how to handle big losses.
Livermore got wiped out couple of times.
if I came across as mean that was not my intention. I would very much for Neke to survive as he has indeed shown courage to report his results for all to see ... I am wishing him all the best ... but in that spirit I also want him to take care ...
EDIT: Livermore is hardly the example to follow as he blew his brains out in the end totally broke ...
EDIT: Livermore is hardly the example to follow as he blew his brains out in the end totally broke ...
Quote from freewilly:
Why are you guys so mean to Neke. He is a hero in my book. He has the courage to fight. He will succeed.
A guy who made his 10 millions in trading told me, in the first million dollar you make, be prepared to lose $100K in one trade. It kind of making sense to me. The methods are all there. Many people can handle small account sizes.
In order to become a great trader, at some point, you have to learn how to handle big losses.
Livermore got wiped out couple of times.
That's total bull and it's dangerous for inexperienced traders to think that's how it has to be done. It isn't a race. Preserve capital above all else and execute a positive expectancy edge as often as you can and you'll make lots of money. The home run hitters who strike it rich are the exception and the street is littered with the bodies of people who try to trade that way.
Quote from cvds16:
if I came across as mean that was not my intention....... I also want him to take care ...... Livermore is hardly the example to follow as he blew his brains out in the end totally broke ...
You ARE mean, regardless of your intention.
You are suggesting that neke will commit suicide in a messy way!
When I read about the Neke's troubles with recent trading, I wonder, if it wouldn't be much easier to earn decent money in trading, if serious trader joins prop firm or even go to work for a professional investment firm.
Quote from lescor:
That's total bull and it's dangerous for inexperienced traders to think that's how it has to be done. It isn't a race. Preserve capital above all else and execute a positive expectancy edge as often as you can and you'll make lots of money. The home run hitters who strike it rich are the exception and the street is littered with the bodies of people who try to trade that way.
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