Taking 410K to 4million by Year End 2010

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I don't usually post..but I almost fell over laughing at this post. Great quote SomeYoungGuy!!


Quote from SomeYoungGuy:

Wrote a new title for you :D

Taking 310K to 4million by Year End 2010

I love the roller coaster! Go get 'em!
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I'm a prop trader in boston and i agree with ThePropTrader 110%..WTF are you talking about dude????

You NEVER EVER think about money when trading. You think about what you can LOSE first ..then what you can make. You must be new to the game..no worries. Just watch and learn.

Quote from ThePropTrader:

Here we go again.. geez... the difference between you and Neke is that he is one of those people that you and most others question how did they do it when they made it big. When trading, you must detach the value of money and treat it only as credits or points but if you look at the value of money in terms of what kind of car I could buy then you will be the person that all your life you will wonder how the guys driving a 100k car and living in 500k house do it. Sorry for being so blunt but I dont know how else to put it.. Think about this.
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Quote from BoSoxFan:

I'm a prop trader in boston and i agree with ThePropTrader 110%..WTF are you talking about dude????

You NEVER EVER think about money when trading. You think about what you can LOSE first ..then what you can make. You must be new to the game..no worries. Just watch and learn.
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Well, I don't mean to offend anyone. (That was a lot of pages ago. I am surprise you dug it up again to discuss with me about it. Maybe my tone wasn't too nice. :/ )

To me, as a newbie, money is money. It doesn't matter how I view it, I believe if I have a good overall strategy with a good discipline, I will make money. If I don't have a good overall strategy or if I don't have the discipline, I will lose money. It doesn't matter if I see it as credit or money. Capital preservation is my focus. Anyway, that's just my newbie talk and that made sense to me. I think I probably learned this from some dumb book I read, written by a guy who blew off his head. Maybe one day, I'll learn to view money as credit like prop traders.
 
Quote from Pension_Admin:

Looking at the picture, I am thinking maybe he was trying to prevent other people from averaging down, so he could do all the average down himself? :O Average down could be the Holy Grail!!!! LOL
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Hilarious :D
 
I agree. There is nothing wrong with trying to make the most you possibly can and to grow your capital and maximize your profits....but when you set goals that are unrealistic or unobtainable and require you to be overly aggressive and force things you are starting off on the wrong foot.



Quote from CommunistMonkey:

While I don't think Neke's an amateur, losing 28% of your account in one trade is 100% amateur move.

I love the thread, but I still think Neke makes a ton more cash going for 410k->820k and skips posting about it.
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Quote from salvador90:

i doubt that very much... on thing is average down another thing is scaling in and scaling out which in fact he does a lot.

In interviews he refuses averaging down completely so i doubt it about what you said...
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Legging in to a position as it's going against you is averaging down. If he was already at a full weight, he wouldn't exceed that
 
NEKE, why don't you ask the mods to lock your thread until you decide to start trading again? It's only gonna add 30 pages of bullshit debates and back-and-forth bickering anyways.

Good luck
 
Quote from 1flyfisher:

I agree. There is nothing wrong with trying to make the most you possibly can and to grow your capital and maximize your profits....but when you set goals that are unrealistic or unobtainable and require you to be overly aggressive and force things you are starting off on the wrong foot.
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Your quote reminded me of the only quote that I have taped to my monitor:

"To live for results would be to sentence myself to continuous frustration. My only sure reward is in my actions and not from them."
 
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