i wouldn't sell...
$50k means they'd implement it. they'd be taking it seriously.
$50k means they'd implement it. they'd be taking it seriously.
Taking 410K to 4million by Year End 2010
- Thread starter neke
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That's what they were saying about the turtle trading system. You can give someone a million dollar system and they wont make money because they wont have the discipline to follow the rules, or trying to change something that's already perfect.
Please let us know when you're coming out with your book. Your insights, performance and writing skills would make you an instant success as an Author. As I understand it, you keep copious notes and enjoy writing... It would be a natural fit!
btw... hopefully, you'll offer a nice discount to the ET family
Walt
btw... hopefully, you'll offer a nice discount to the ET family
Walt
Quote from NoDoji:
SPEX being a penny stock, I'm sure your account could handle a failure. But look at ITMN, where a huge volume of "big money" bought into the gaps on 3/5 and 3/10 because they knew that 99.9% of the time when the majority of an FDA advisory panel recommends approval, the drug is approved by the FDA, only to find the stock price 30% below the pre-gap levels when the unthinkable happened in May. It dropped from a close of 45.44 to an open of 10.00 the next day. A $300K hit on a $400K position could be a tough one to take :eek:
Neke, it's not like I'm trying to discourage you from swing trading. I'm trying to encourage you to avoid swinging "sure thing" biotech stocks
Quote from jones247:
Please let us know when you're coming out with your book. Your insights, performance and writing skills would make you an instant success as an Author. As I understand it, you keep copious notes and enjoy writing... It would be a natural fit!
btw... hopefully, you'll offer a nice discount to the ET family
Walt
Ha ha! My music is first on my project list, been putting it off waaaay too long. There are too many trading books and I believe Al Brooks said there's no money in it.
Premarket. Here is one screenshot of my sells. Remember I sold 147,000 shares that day.
g
Quote from NoDoji:
SPEX being a penny stock, I'm sure your account could handle a failure. But look at ITMN, where a huge volume of "big money" bought into the gaps on 3/5 and 3/10 because they knew that 99.9% of the time when the majority of an FDA advisory panel recommends approval, the drug is approved by the FDA, only to find the stock price 30% below the pre-gap levels when the unthinkable happened in May. It dropped from a close of 45.44 to an open of 10.00 the next day. A $300K hit on a $400K position could be a tough one to take :eek:
Neke, it's not like I'm trying to discourage you from swing trading. I'm trying to encourage you to avoid swinging "sure thing" biotech stocks
That precisely is what a lot of swing traders/stock investors dont understand that the day trader doesnt have that risk of an event like that-agreed it can happen intraday-a halt or a dump but its more likely an overnight thing than an intraday thing, probability wise.
Other thing is lot of people dont ever factor "anything can happen" into their trading plan. What if there is another 9/11 during market hours or something else happens ? Would you be able to survive and trade another day ? One trade or even for that matter a series of trades should not define or shatter yr trading methodology.
25k per ES contract should be enough margin to survive a 9/11 type deal, this allows for 500 ES points against you. This should be plenty. You can also allocate a small % of your gains towards options to hedge.
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