That won't happen in trading? your short and there is takeover news? you buy options for a 100% gain and lose it all? If like Daniel you are willing to lose 30-40-100% of your money on 1 trade/ hand and you are leveraged then of course it could happen in trading... just make sure if you have 1mil at the table you have 30mil off the table to make that trade again and again and again hopefully with a more probable outcome.
SIRI ? OH WOW, you were so fooled by Cramer and Mel Karmazon !!! Cramer was mombo bullish on SIRI about 18 months ago. The hype was incredible....and so was the bullshit.
I dont know one thing about options but your example sounds like newbie blowing up. Like i sad before if you know how to trade like Daniel knows how to play poker you cant lose 80% of your money and i am not taking about one hand or one trade(Daniel played poker for several days there).
MAHSTAKILLA, http://www.amazon.com/Way-Turtle-Me...7983850?ie=UTF8&s=books&qid=1181667426&sr=1-1 I hope this helps. Tom
wow, you know about MOBL.ob. I started following that stock years ago when it was trading under 9 cents. Then out of no where it took off, never invested in it but you are the 1st person I know to mention it.
Are you the real Tim Sykes? If so, you added some much needed fun to that show you were on. Folks, we have a celebrity trader on here. Good trading to you. JAC
1. Stop listening to your friend. 2. Read at least 10 books on trading 3. Read some more 4. Did I mention to stop listening to others for stock advice. 5. Do your own homework then... maybe you will be better at it.
hire a mentor study game theory study risk management i don't care how good a methodology you have. if you don't have discipline, structure, and solid money management, you are doomed. see: risk of ruin