Taking 410K to 4million by Year End 2010

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Quote from FutsTrader111:

He (and many on here) need to lose it all to really understand that the pursuit of money wasn't and isn't their life calling.
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I disagree completely. Neke's finally putting it together. If he churns our $4-5k/week for the rest of the year (and adjusts his goals accordingly ) he'll make about $200k from here and do a hell of a lot better than nearly everyone on ET. If he gets up to $10k/week which I think his strategy can probably produce that's closer to $500k. It's when he tries to make $50k/week that he completely blows up and has huge down weeks.

I still think this thread's a bad idea (though I read and enjoy it weekly) - 2/3 of it just haters goading him into taking more risk and pointing out he's gonna need to ramp up the risk to get to 4.1M which is the worst possible advice available.
 
Quote from asiaprop:

if he were disciplined, he would never have lost $150K, or 40% of his account. and it's not just the loss, it's what he COULD have made on from $400K up that he's kissed off. if i had to crunch the math, i'd say he's lost more like 600-700K compounded. discipline isn't the cure here. investing in real estate is. no one can lose money in real estate coming out of "the worst recession since the great depression".

buy a house, neke. go back to your day job.

or give $25K to me and i'll turn that =o[ into =o] in three months.
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Quote from CommunistMonkey:

I disagree completely. Neke's finally putting it together. If he churns our $4-5k/week for the rest of the year (and adjusts his goals accordingly ) he'll make about $200k from here and do a hell of a lot better than nearly everyone on ET. If he gets up to $10k/week which I think his strategy can probably produce that's closer to $500k. It's when he tries to make $50k/week that he completely blows up and has huge down weeks.

I still think this thread's a bad idea (though I read and enjoy it weekly) - 2/3 of it just haters goading him into taking more risk and pointing out he's gonna need to ramp up the risk to get to 4.1M which is the worst possible advice available.
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C is up from 3.25 to 4.10 in less than a month. a 30% gain. on 250K he'd have made back half his loss already. on leverage, 2:1, he'd have broken even by today. at 4:1, he'd have made that and another 50%.

just short PALM this month, he'd have made back that plus another 200-400%, and PALM is hitting zero before it's bought by microsoft.

just wait for that announcement, it's coming.

but i digress. risk isn't what he needs. balls is what he needs.
 
SC and Pauld Tudor Jones only made money because they focus on limiting risk first and foremost before making money. I think you have a very interesting way of approaching trading...

correctly you should have said that YOUR trading is like gambling.

Quote from TRYKtrading:

i disagree. daytrading is like texas hold 'em. i say go all in on a sure hand, and make it back and then some. only great traders have the balls to make the really big bets. that's why they're paid like baseball players. and then some...

http://www.finalternatives.com/node/11825

i'd never pay $100M for a painting, but then if i had $100M, why the hell not. it's not like SAC needs to count his pennies anymore. he's too busy swimming in his gold coin vault.
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truly spoken like a total beginner. If history taught us anything then its that prices can go anywhere. You want to bet your farm, your whole life, and your wife that this is the real estate bottom in the US? I dont!!!


Quote from TRYKtrading:

Quote from asiaprop:

if he were disciplined, he would never have lost $150K, or 40% of his account. and it's not just the loss, it's what he COULD have made on from $400K up that he's kissed off. if i had to crunch the math, i'd say he's lost more like 600-700K compounded. discipline isn't the cure here. investing in real estate is. no one can lose money in real estate coming out of "the worst recession since the great depression".

buy a house, neke. go back to your day job.

or give $25K to me and i'll turn that =o[ into =o] in three months.
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IDIOT. Seriously!!! So why are you not rich by today after all you saw all this coming for C and PALM RIGHT? How stupid do some posts get here, really...

Quote from TRYKtrading:

C is up from 3.25 to 4.10 in less than a month. a 30% gain. on 250K he'd have made back half his loss already. on leverage, 2:1, he'd have broken even by today. at 4:1, he'd have made that and another 50%.

just short PALM this month, he'd have made back that plus another 200-400%, and PALM is hitting zero before it's bought by microsoft.

just wait for that announcement, it's coming.

but i digress. risk isn't what he needs. balls is what he needs.
More...
 
Quote from asiaprop:

IDIOT. Seriously!!! So why are you not rich by today after all you saw all this coming for C and PALM RIGHT? How stupid do some posts get here, really...
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pretty stupid apparently...
 
Quote from TRYKtrading:

C is up from 3.25 to 4.10 in less than a month. a 30% gain. on 250K he'd have made back half his loss already. on leverage, 2:1, he'd have broken even by today. at 4:1, he'd have made that and another 50%.

just short PALM this month, he'd have made back that plus another 200-400%, and PALM is hitting zero before it's bought by microsoft.

just wait for that announcement, it's coming.

but i digress. risk isn't what he needs. balls is what he needs.
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You proved my point exactly :P (the one that this thread is nothing more than a chance for a bunch of loser jerkoffs to encourage Neke to take too much risk)
 
Quote from CommunistMonkey:

You proved my point exactly :P (the one that this thread is nothing more than a chance for a bunch of loser jerkoffs to encourage Neke to take too much risk)
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TRYKtrading is already proven his statement twice himself. :)
The post above yours
Ex: pretty stupid apparently...
 
Quote from CommunistMonkey:

You proved my point exactly :P (the one that this thread is nothing more than a chance for a bunch of loser jerkoffs to encourage Neke to take too much risk)
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actually, i'm being facetious.

i don't think he should be taking any risk. real estate is probably the lowest risk, highest potential return out there for the amount of money he has to invest. he'll make a killing if he buys in the right markets, makes the right choices.

it's amazing how guillible y'all are when i post these comments.

i'm kidding. this guy could never make money off high volatility swing trading, major news moves, short squeezes, or short attacks, none of it. there's obviously a risk aversion problem in his head he can't get past for taking too many losses and not enough profits.

or, simply just being right 52% of the time, he'd be a rich man.
i think cramer said that once.

this conversation is over.
 
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