Taking 410K to 4million by Year End 2010

[NoDoji]

Neke, what percentage of your trades become profitable in the first few minutes?

 

[NoDoji]

Prop, I don't think Neke ever holds overnight.

Also, I think he started with around $5000 a few years ago and had grown it to over $500K by the end of 2009.

Neke always starts the year down 40% or 50% to get everyone all riled up.

 

[jajuanm2]

It's true, he does start almost every year down 50%. Maybe he should only trade the second half of the year.

 

[retaildaytrader]

I have come to this journal on a mission of mercy. Traders it is almost time to cover your NEKE short positions. One more good downdraft and it will almost be time. Wait just a little longer.

 

[konviction]

Quote from ThePropTrader:



If you just started with a $50k account and compounded it by an average 30% every year for 20 years you would have $9.5M. Not bad at all.

What publicly known figure in history do you know that has created such returns?

"What-if" possibilities are always fun to think about.

 

[Red_Ink_inc]

Quote from ThePropTrader:

Neke, Pinksheets and OTCBB stocks move 10x-100x your money and have lower risk than options. You actually have a higher chance of hitting your $4M target by trading them. My inbox is open 24/7 if you need help finding good candidates.

Just wondering if you've ever traded PinkShits with any significant size or dollar volume?

If not, try it out and report back to all of us how easy it is to get filled and of course how easy it is to make that $4,000,000.

 

[Red_Ink_inc]

Quote from ThePropTrader:

Red, you seem you have a misconception about pinkshits. Do you trade all NYSE or NAS stocks or only the ones with good liquidity? Same applies to pink shits and there are a bunch of them that double, tripple, or quadrupal in just 3 days every month. Not something you see stocks do on NYSE or NAS.

I prefer stocks where I can get filled. The OTC is the wild west. There simply are no rules, and if there are they are not enforced.

Yes lots of them double and triple in a matter of days. Try moving any significant volume and see how well you get filled.

 

[Trader666]

http://valuevista.blogspot.com/2007/06/warren-buffett-50-returns.html

Quote from konviction:

What publicly known figure in history do you know that has created such returns?

"What-if" possibilities are always fun to think about.

 

[retaildaytrader]

Folks...dont bother to lecture Neke for his highly leveraged all or nothing ways. I believe there have been several hundred people who have given Neke the talk. Neke is a grown adult probably 30+. He is aware of what he is doing and this is what he likes to do.

I dont agree with his strategy either, but this is what he wants to do. He has not listened to the past few hundred messages about his overleveraged ways, so its just time to accept what he is doing and hope for the best.

His ways are, of course, not your ways and you should not use them. You should come up with a strategy you feel most comfortable. For now, this is how Neke trades and its the poison he has choosen. Now sit back and watch. Thats all you can do.

 

[TGpop]

um, what about this week?