Why Was Marsman Stifled?

[Pekelo]

Truthfully...would any of you like to be his NEW PARTNER?

This is actually an interesting question. Probably anyone would like to see more records, maybe a little backtesting with DDs, and knowing more about the strategy (how it responds when the market is tanking, etc).

But I don't see why someone couldn't build up slowly a bigger account with him. Let's say he would get an extra 5K to trade after each profitable week. Or asked him to use less leverage. Bigger the account, less risk you want, so less leverage needed. Maybe that is how Marsman should advertise the system, promise (and deliver) way less but with much less possible DD. After all big money doesn't need huge returns... And big returns don't need back up money...

Anyhow, Marsman, we are pulling for you!

 

[Pekelo]

Well, no real update since 9/11, the solo record link is broken. Marsman, say it ain't so!

Also, 2 tips for the future:

1. Leave politics out of business and tweets. That is just bad for business.
2. I am all for simplicity, but the website is way too simple. Like it is 1999 simple. You have to spice that up a bit.

 

[vanzandt]

Uh_Oh.... Marsman just got CLOBBERED and/or wiped out.

I checked his Twitter posts this morning and he was touting selling out of the money puts on ITCI....

It closed at $42 and is $13.60 now.

Whatever algi he is using to find his stocks,.... apparently doesn't check FDA announcement dates.

Tough lesson Marsman. Hope you're OK if you read this.

 

[userque]

Uh_Oh.... Marsman just got CLOBBERED and/or wiped out.

I checked his Twitter posts this morning and he was touting selling out of the money puts on ITCI....

It closed at $42 and is $13.60 now.

Whatever algi he is using to find his stocks,.... apparently doesn't check FDA announcement dates.

Tough lesson Marsman. Hope you're OK if you read this.

To be fair, he never said he sold ITCI puts.

Nevertheless, I hope Marsman can pick himself up; dust himself off; and make the necessary corrections to his system...even if it means rethinking and rebuilding it from a clean slate.

 

[JackRab]

To be fair, he never said he sold ITCI puts.

Nevertheless, I hope Marsman can pick himself up; dust himself off; and make the necessary corrections to his system...even if it means rethinking and rebuilding it from a clean slate.

If he didn't he's full of shit... which he kinda is anyway, since you know... "When was the last time a stock moved 50%????"

There you go, at least 3 I know of in the last month...

 

[Pekelo]

He had 2 tweets yesterday, now deleted.

1. One was about ITCI telling followers to sell OTM puts. Those puts exploded (stock dropped 65%) after "Shareholder Rights Law Firm Johnson & Weaver, LLP has commenced an investigation of Intra-Cellular Therapies, Inc. (ITCI) concerning possible violations of federal securities laws. "

http://finance.yahoo.com/news/intra-cellular-therapies-itci-alert-140500000.html

Lesson learnt, any small cap biotech stock can bust not just because of FDA non-approval but possible insider trading, SEC violation,etc.

2. This was about a long term position (I forgot what stock), the expiration was 2018 January. I didn't get why would he go out so far in time, when he usually deals with weeklys...

Anyhow, a P/L (or any sign of survival) from Marsman would be nice for the last 2 weeks and including the ITCI drop. Marsman, Marsman, ET is calling, can you hear me???

 

[vanzandt]

He had 2 tweets yesterday, now deleted.

1. One was about ITCI telling followers to sell OTM puts. Those puts exploded (stock dropped 65%) after "Shareholder Rights Law Firm Johnson & Weaver, LLP has commenced an investigation of Intra-Cellular Therapies, Inc. (ITCI) concerning possible violations of federal securities laws. "

http://finance.yahoo.com/news/intra-cellular-therapies-itci-alert-140500000.html

Lesson learnt, any small cap biotech stock can bust not just because of FDA non-approval but possible insider trading, SEC violation,etc.

2. This was about a long term position (I forgot what stock), the expiration was 2018 January. I didn't get why would he go out so far in time, when he usually deals with weeklys...

Anyhow, a P/L (or any sign of survival) from Marsman would be nice for the last 2 weeks and including the ITCI drop. Marsman, Marsman, ET is calling, can you hear me???

Yeah, I just saw that he deleted those tweets too.
I hope he wasn't "all in" on this one. I warned him to spread his money out for just such a disaster. I hope he listened.

Its OK to "f*ck up" Marsman. Post an honest update.

 

[userque]

2. This was about a long term position (I forgot what stock),...

DB was mentioned in that same tweet.

 

[vanzandt]

DB was mentioned in that same tweet.

Yeah....He said he bought the Jan 2018 $25 Calls for $0.20

WFC would probably be better.

 

[vanzandt]

Marsman tweets:


Sorry for your loss Marsman. Hope you pull through this and get yur system 'right.'

Ditto.

Beware the "revenge trade" Mars. Take small steps. Hard to do.