Why ? How difficult it is to get ppl to invest few mil based on paper trades posted on message boards ? Sounds like walk in a park
Closing to "lock in the gain": <b>Monday, May 12, 2008 3:50 pm EST Bought (1) EXM May 45 (EXMEI) call option contract at $5.40 (ask). Sold 100 shares of EXM (Excel Maritime Carriers, Ltd.) at $50.25 (bid).</b> pS
I've read much of this thread (okay I skipped a bit of the repetitive themes) and find it to be a fascinating demonstration of a fundamental reason traders fail. Last week I had the chance to hear Mark Douglas speak and, although I had read his books, his advice came across more clearly in person. His key point was that it was very easy to "win" in trading (make money on any particular trade). You can be totally wrong on market direction, entry, exit, position size, and still come out ahead. This reality, that it is really easy to make money in a single trade is what messes up so many traders. Douglas suggests that if we focus on a different goal other than winning, that is a goal of being consistently profitable, much of our approach changes. In this case we have a novice trader who, like many of us, discovered how easy it was to win in a trade and thought that experience could be extrapolated out into a successful career as a trader. It is fascinating to see how resistant he is to learn the key lessons needed to improve. Having only recently learned them myself I am in no position to throw stones. It is like watching a slow motion car crash. But, not being Tom Cruise I'll leave it up to someone else to drag this poor soul from the burning wreckage of his "system".
And well at least Atticus and optioncoach continue to follow up on this thread. That says something. And when I get a post from someone that has posted only 2 times in a little more than a year... Then we have GTS - quick to post my initial (well-documented) results that led to my 7 new systems that look like this: Perhaps I am now doing something right. At least with this latest decline and advance in heavy trade my margin rules seem to be working out right. Meanwhile, what I had hoped regarding constructive dialogue is thrown out the window. After all, many wise souls here believe this is only "luck" and will surely crash. I guess I will keep on keeping on. Why? Because when I prove this is not all just a farce - these will have to be regarded as truly superior and astonishing results. That is a good thing right? pS
You've stated on a number of occasions that you have subscribers on your C2 systems. Are we to believe that a system tracked by one individual has multiple subscribers at $200 a pop? Delusional and blatantly FOS.
Honestly Atticus. Are you so comfortable with slander and name-calling? Backed up with what? I never said my C2 systems are tracking many subscribers. My covered call website - on the other hand - since 2002 has had many, many, many repeat signups to monthly, 6-month and annual subscriptions. You and every person that posts on my thread - and you know you are blatantly derogatory- are so, SO tiresome it makes me sick. p$
yeah but I gave you actual advice you can use to avoid problems down the line, Hedge Fund Manager. Ignore me at your own risk.
GTS: The only one lying is you! I've posted numerous times regarding what is going on with me. What about you? These are my last trades with KC Covered Call Fund. Please note that the first time EVER using futures were at the very end and way overleveraged. This is what caused the the drawdown. Up until this point my C2 CC Fund VERY CLOSELY matched my website (strictly covered call) fund and HERE IS THE PROOF! My C2 Fund actually OUTPERFORMED my web-based results. This is the last go-around GTS. No wonder more people are not viewing my current results as positive. In time they will. p$ See previous posts if you don't believe me: http://www.elitetrader.com/vb/showthread.php?s=&threadid=94764&perpage=6&pagenumber=64