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Taking 410K to 4million by Year End 2010
- Thread starter neke
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Quote from rew:
What is nonsense is to think you can do that day after day without blowing up. In hindsight each of us can find a trade every day that had we made it the day before we would have doubled our money. Doing that consistently in foresight ain't gonna happen.
i agree. trading is a zero sum game. always. that's why you don't trade all the time.
For every 38 monkeys who play roulette in Vegas and randomly fling poo at the wheel (repeating throws in case of a doubled up number)... one of the 38 will be up 3700% after one spin.Quote from TRYKtrading:
any fund manager who can't make $250K on $5M in capital in a day, or a week, or a month, should reevaluate their jobs.
i'm not saying i could, that would be arrogant, but there are a thousand examples of buy and hold overnight, or open to close, where that was possible today and yesterday, on relatively minor market moves.
I'm not arrogant enough to say I am that monkey, but I think the other monkeys should re-evaluate their jobs (as should the guy responsible for cleaning up the poo).
Quote from heech:
For every 38 monkeys who play roulette in Vegas and randomly fling poo at the wheel (repeating throws in case of a doubled up number)... one of the 38 will be up 3700% after one spin.
I'm not arrogant enough to say I am that monkey, but I think the other monkeys should re-evaluate their jobs (as should the guy responsible for cleaning up the poo).
totally agree. lol.
Quote from heech:
For every 38 monkeys who play roulette in Vegas and randomly fling poo at the wheel (repeating throws in case of a doubled up number)... one of the 38 will be up 3700% after one spin.
I'm not arrogant enough to say I am that monkey, but I think the other monkeys should re-evaluate their jobs (as should the guy responsible for cleaning up the poo).
wtf? Your analogy just took a sharp turn off the road. On the other hand, poop jokes are always funny. So.. good show sir! lol I love ET.
Quote from heech:
For every 38 monkeys who play roulette in Vegas and randomly fling poo at the wheel (repeating throws in case of a doubled up number)... one of the 38 will be up 3700% after one spin.
I'm not arrogant enough to say I am that monkey, but I think the other monkeys should re-evaluate their jobs (as should the guy responsible for cleaning up the poo).
Probabilistically, yes, reality and economics say otherwise.
Quote from TRYKtrading:
any fund manager who can't make $250K on $5M in capital in a day, or a week, or a month, should reevaluate their jobs.
i'm not saying i could, that would be arrogant, but there are a thousand examples of buy and hold overnight, or open to close, where that was possible today and yesterday, on relatively minor market moves.
Old 5% per day and me will buy Europa when we're done.
Quote from TRYKtrading:
285k in cash, times 20-25:1, you're at 5-6M in leverage. you could trade one stock, like SQNM or PALM or...any number, and make 25% to hit your million in a single day.
i'm not seeing how it's that complicated. someone clarify it if it is...or else.
ridioclous
this guy forgot to compute that the average daily range = 2%
you are leveraged up 20x-25x, you can blow up 50% of your capital in a 2% pitiful noise move.
risk control is impossible when you are too higly leveraged
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