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athlonmank8
Registered: May 2007
Posts: 3024 |
02-20-12 06:29 AM
Did John Bender use OPM? He was also one of the other great minds to make a killing. He traded his assumption(?) that OTM options have fatter tails.
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cyoungmark
Registered: Dec 2010
Posts: 213 |
02-20-12 06:39 AM
Quote from bln:
Japanese daytrader/scalper Takashi Kotegawa (BNF/J-Com Man) traded $13,600 into $153 million in 8 years. Zanger, Rotter, etc, they all provide great inspiration to us all and show that it is possible to make it big.
I think this is the Asian guy who was a shut in, lived with his parents, and never left the house. Ever.
lol
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FrankSlaughtery
Registered: Aug 2010
Posts: 811 |
02-20-12 11:55 AM
Quote from cyoungmark:
I think this is the Asian guy who was a shut in, lived with his parents, and never left the house. Ever.
lol
having $153 million and living w/ your parents is better than working a "regular job" for someone else making 40k.
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Handle123
Registered: Aug 2007
Posts: 1037 |
02-20-12 12:25 PM
My mentor from long ago has over 250mil through day trading and long term, he is his 60's now. Still scalping the ES for 1-3 tics, doing 100-150 trades a day and he is right 98% profitable. And he does not wish to be known, too many people camping at his doorstep thru the years I suppose.
But he is sort of "out there", he speaks and I still easily get lost by what he tries to explain. I can think in three moves ahead of time, but he thinks in nine moves.
He lives extremely frugal, but has seven thousand sq ft house, most of the rooms are empty, said he built house thinking it be a quick sell, now it is twenty years later....
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Pekelo
Registered: Aug 2005
Posts: 8946 |
02-20-12 02:20 PM
Quote from Handle123:
My mentor from long ago has over 250mil... in his 60s....
He lives extremely frugal,
But seriously, what's the point??? I am not saying he should have 10 houses in 5 continents, but he should be enjoying his wealth, even if in a moderate, Warren Buffet way.
Or give it away to charity. It is rather pointless to have 250 mill in the bank, and living frugal, then he is not much better off then the rest of us.... 
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tyrant
Registered: Sep 2005
Posts: 268 |
02-20-12 02:35 PM
Quote from Handle123:
My mentor from long ago has over 250mil through day trading and long term, he is his 60's now. Still scalping the ES for 1-3 tics, doing 100-150 trades a day and he is right 98% profitable. And he does not wish to be known, too many people camping at his doorstep thru the years I suppose.
But he is sort of "out there", he speaks and I still easily get lost by what he tries to explain. I can think in three moves ahead of time, but he thinks in nine moves.
He lives extremely frugal, but has seven thousand sq ft house, most of the rooms are empty, said he built house thinking it be a quick sell, now it is twenty years later....
A 2% return on his 250mil means annual income of 5mil. There is no point trading anymore especially when he is frugal.
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