the best combination is, 1. a strict risk manager (shit dropped 5 cents!) ie. trader ++ 2. owner of the company (I'm never fucking selling my baby) ie. facebook owner ======== these are the 2 extremes that make money, when combined = $$$$$$$$$$$
You know this from experience of speculation? I'm trying to get away from trading and into business management and I rather like your idea, that is if it has truth behind it.
most of my $ is from (97-2005) running 3 business. Trading = 6 years as well. So in combination a lot of years doing this money shit. all theories in venture capital and business work the same.
my goal for this thread = each profitable trade => 1 house => 300kUSD. 20% of 1.5M in play = 300k USD current money in play = 600k (june 2011) next money in play = 900k (november 2011) next next money in play = 1.3M ( march 2012) each money trade = every 4 months. risk per trade = 1% 600k = $6k 900k = $9k 1.3M = $13k reward per trade = 20% mininum (has gone to 50-80%) before 600k = $120k MIN 900k = $180k 1.3M = $260k I've wired money in my account already for 900k, lets game. ================ current positions= HOLD. motherfuckerhold. theres going to be a selloff in ISRG soon, what are we going to do when that happens?<h2> HOLD.</h2> what happens when it pops 10% more? <h2> HOLD</h2> What happens when it sits there for a week? <h2> HOLD</h2> Sit on this trade till your ass bleeds.
my current position sizing is now 850-900k. small warchest.. YARGH! next position size = 1.3M moving on up! I am determined to be trading 3M-5M profitably these few years. 5M * 20% = 1M profit<b> per trade.</b> Thats when I'll feel I've accomplished something. ==================== I've always found it funny how broke bitches on ET were always raggin on me, in due time they will realize I am one of the $$$$$$$$ motherfuckers on ET.
Your ego will be your down fall. You still haven't figured out how to keep a cool head when things are going well. If you can't evolve as a person as you gain experience in the mkts, your chances of success go down greatly IMO. Good luck with your trading career.
1) my ego will be monitored with my 1% stop. 2) This has nothing to do with ego, I work harder then you, I know more about the markets then you, I've read more books then you, I've traded 1000s of trades more then you. I've got 6 years of brick mortar exp. more then you. That is why I will be very successful in this business, not because <b> I think</b> I will be successful. To think you come into this market thinking your competitors were some jack in the box , high school drop outs? Some competitiors in this market are already very well established. Thats why we are here, <h2>Going to FUCK SHIT UP.</h2>
c-web, did you make make your 40%? Actually, that is a children's target unless you are moving hundreds of millions. I mean, some folks I know on a small account have put on 500% in a month. Just sayin