you guys got to see this...I do not feel a part of the earth just now...trying to get back to reality...I am running my holodec and have not chosen which parallel possibility...I am floating.... http://video.google.com/videoplay?docid=-539383790954785832&q=what+the+bleep&pl=true
Waste an edge? That's exactly how to exploit an edge! Every successful trader/investor from Soros to Buffett goes for the 'jugular' when they strongly believe themselves to be correct. If you told me today that for every 50K I put down would = 1mm in a year guaranteed, (if that were possible), then I'd go for the big win! Please explain your view if you disagree.
Sorry, Savvy, that video's gay. The people are whackjobs. After about a minute of searing boredom I skipped through it looking for the porn. There was none. End. x
What I'm talking about is increasing leverage. Sure, if you have a true edge, take out a second mortgage, credit cards, put as much as you can into it. But keep your risk proportional -- don't rush things by trading too big relative to your account size.
im a little confused by this thread and all the posts in it.....which is nothing new of course cause im not the smartest dude around but.......the thread reads......If you were going to make 1 mil in the next 12 mo's, would you change your trading.........well there is only two answers to this question and they both depend on how you interpret this unclear question........if it was ment to read....if your goal is to make 1 mil.....then all you would have to ask yourself is did i make 1 mil last year or ever with with strategy i am using....if the answer is no i have never made 1 mil then obvioulsy you would have to change something.......and the second way to interpret the original thread is....if you were guananteed 1 mill in one year would you change your trading......well the answer to that is.....it really doesnt matter what the hell you do cause you already know you gonna make 1 mill.........thread closed!
If you were going to make 1 mil in the next 12 mo's, would you change your trading? 'No' is the answer for any who actually know what they are doing. Two elements apply because this is a time question. 1) You have to be able to relentlessly exploit the near term (eg the YM intraday), namely whole daytrading. 2) You have to be sufficiently cognizant of everything you need to know and do so as to deploy and build your play with increasing position size. As for one mil, who's counting?