Get the fuck outta here. You don't know what I respect. I hope you get mad when i beat your % returns for the year. Then i'll ask you how it feels to get beat by "someone whos making a mockery of this business".
Yes, I agree that PM just dosen't understand why I have to do what I have to do. Sure if I had a 100k in the bank id be selling puts too and sitting back relaxin watching my cash roll in, BUT I DONT HAVE THAT LUXURY! Like I said i have the utmost respect for PM and his style, as it greatly influenced me. But I am not blinded by prejudice against short term trades - they can be very powerful. Thanks "justtrading" you said what i wanted to say more eloquently.
And yes.. that 700$ is doing nothing for my life currently.. just sitting in the bank collecting dust. But even If I double that - it would make a difference.
Im sticking to it, trust me. YOU GUYS WILL KNOW IF I BUST OR BOOM. If i do end up going bust, atleast ill smile a little knowing some of ya assholes had a laugh. Starting the "official full first week" only had two trading days last week... account up to 843$.. so gonna post an update at the end of this week, and an overview.
I fully understand the power of S-T trades. We just have a different definition of what it is. For example, if you close a 30 day trade in just one day, you think it's a one day trade. But for me, unless that money is reinvested in another trade the next day, I consider it longer than a one day trade. If that cash does not get reinvested for another 4 days, I consider it a 4 day trade. Thus, if you do 90 one day trades through the year, with each earning 60% annualized,... you will end the year earning a 15% annualized return. And that assumes no loses over those 90 trades.
I am pleased to see you still here. I might be game to do this, but if I do, I won't be competing against anyone but myself. I'd advise you to do the same. It is tough enough without looking over your shoulder to see what the next guy is doing.
See I told you. No respect. I know people like you, in 10 seconds. You didn't work hard in school go to the best colleges get the best internships and land the job where you become "made". Instead you took shortcuts your entire life and like you are contemplating about doing again. You haven't learned your lesson yet huh? Stop being selfish and invest in your daughter. You had your chances in life you blew it. Don't ruin it for the next generation by becoming a gambler. I have nothing to be mad about by your negligible chance of making a positive % return on peanuts.