Taking 410K to 4million by Year End 2010

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Quote from Fussel:

Hi Neke!

im also on way.
Target: from 600 Euro to 1.000.000 Euro.
I started on 11th Feb 2010.

I'm with you.

fussel
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wow, you made a whopping 30% gain already! That's better than most hedge fund managers.
 
Is this account money you are comfortable losing?
Tough year.
I hope you do better in the future.
Cut your loses let your profits run.
Protect your capital better from trades that go against you.

Pick your spots.
You should be more selective.
You have made BAD trades. I would make an immediate course change, it is the smart thing to do. You have to stop the bleeding.

You don't need to trade every day and right now might be a good time to take a break.
I would.
Most would.
It would be the correct next step.
Unless you can't stop trading?

Good Luck
I hope you have a good week.
 
Quote from BPtrader:

wow, you made a whopping 30% gain already! That's better than most hedge fund managers.
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Hedge fund managers are nothing but traders averaging down using a big load of capital.
 
Quote from Nexen:

Hedge fund managers are nothing but traders averaging down using a big load of capital.
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Hedge fund managers are traders like you and me. They are just normal traders and they probably went through the learning curve by reading books, researching on message boards, and doing trades---like the rest of us. The only thing different is that they are doing everything right and also got enough recognition to instill confidence in investors. They definitely don't average down. If they do, they won't be running their funds for long.

I am speculating that there are some large fund managers in ET hiding behind some funny alias...and they probably just post in politic forum. :D
 
Quote from Pension_Admin:

They definitely don't average down. If they do, they won't be running their funds for long.
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I work for a hedge fund and I can tell you that alot of them definately do average down and some have been running their funds for a very long time.
 
Quote from Petro:

I work for a hedge fund and I can tell you that alot of them definately do average down and some have been running their funds for a very long time.
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Maybe I generalized it a bit too much. There are certainly some large hedge fund mangers who average down. Like LTCM, they were a huge fund and they were averaging down like they just discovered martingale. I am sure there are some hedge funds who use average down, and probably diversify their average down strategy in many instruments to minimize risk of ruin. They will be safe, until one day when their emotion and conviction cloud their judgement, and they will get wiped out---just like LTCM.

The large hedge fund managers---like PTJ, Soros, Seykota, Marcus, Kovner, and Paulson, don't average down. They are probably on the other side of those hedge fund managers who do.
 
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