I hear this verbiage very often from people who received a "thin letter" when they applied to Wharton. Then again, there is the timeless Aesop classic fable about the Fox and the Grapes.
I'm not going to go through the effort again of starting a journal and all of a sudden seeing ET shut it down. Smart people, like AAA, know where to look for my picks and trades.
http://www.elitetrader.com/vb/showthread.php?threadid=24941 why is mr. monkey continuously allowed to spam his pathetic website? Don't take my adjective for it, fall into the monkey trap and go there and see for yourself.
If you're journals got shut down in the past, it was because you were pimping your website instead of posting legitimate picks. You and I both know this. You are welcome to start a journal as long as you post all of your picks in real time before they become winners/losers. Your entry point must be indicated as well, so it can be compared with the time stamp of your post for validation.
Nice DODGE again. Get a clue Mr Market.... you already made it PAINFULLY clear with your 10% = 10% answer, that your knowledge of the markets are extremely shallow, and that Wharton did nothing to help you with basic market knowledge. It's simply AMAZING to me that someone who holds his little wharton degree to such high standards is also completely incapable of calculating a simple percentage return. Either you are embarrassed to tell us what your actual returns are, or your precious wharton didn't teach you enough math to do a simple computation. In any case.... it's hilarious watching you DODGE DODGE DODGE the simplest of questions with your subject changes and grandstanding. You have FRAUD written all over your face. I'm done toying with you now. You have proven beyond a reasonable doubt that your full of it. Your wharton professors would be so proud As for the "thin letter", I certainly never received one since Wharton isn't a computer science school. Although, given your lack of simple mathematical skills, I suspect YOU may in fact have received such a thin letter and are lying about your degree, the same way you lie about your returns. peace axeman
I don't know why so many of you take the bait and reply to MM. If you ignore him I suspect he'd get tired of replying to himself. And as far as his 15% gains ... I laughed when I saw at least one "trade" that was well over a year in holding and thus equated to a gain of LESS than 15% on an annualized basis. Also, anyone who has a clue knows we've been in a strong uptrending market the last 9 months ... so to claim he has "x" number of winners isn't all that impressive.
Yea...but can you do that AND maintain a 385 lb bench press AND 19" biceps?? Happy Thanksgiving, you turkeys!
I did that in a time sequence at one point a while back. The posts were deleted by the moderator. I determined that MM prevailed in his complaints to the moderator. ho cares. What I determined t that point in time was that the portfolio was constantly increased with infusions of cpital and then when the "holds" filledall but one or two of the up to 14 slots, that the total capital dclined faster thn the sells @ 15% per turn. The ratio of losses in up to 13 streams outweighed the gains in the 2 active streams. Throughout most of he time MM hs posted he has been adding money streams. Lately he invests in a constant set of 15 streams (Since the last restart) and gradually the balance of "holds" to active streams is shifting. Holds are defined as over 6 weeks nd mlingering; active means empty or just filled and under 6 weeks in process. He must do picks at the rate of 6 every ten days to keep his strategy a pace of the time passing. his strategy is now encountering serious unrecovrable failure for two reasons. His ratio of hols is continually increasing an he is not maintaining enough entries because of failing to make enough picks. I have concluded that he is not actually mintaining a real investmentaccount as hes says he is. He has slipped up so many times with conflicting statement and sudden restarts attributued to getting thrown off web sites, etc. MM is not for real it turns out once you et up his stuff on excel and run it from his historical record using nominal captal values. Several others have drawn the same conclusions.
That's the kind of immature retort you'd expect a little child would make. A very muscular little child, but a little child all the same.