I agree with the statement above. How do you know you talked to this guy though? He mentions his girlfrd (not boyfrd). Anyway, whatever he is, some of his posts are very interesting and useful to read so I thank him for that whatever his motives are.
so you made 775k swing trading in 5 months starting with 100k? care to tell us how and show us proof? i am always willing to learn.
This monk is a SOB predator.........did warren buffet ever sell his mentoring program for $10K or $100K or $1million....nope....because he was too busy dealing the cash that me made from the markets. Those who know don't sell.............those who sell don't know!
i cannot be certain this is the 'monk' i spoke to--but i would be willing to bet 100 large on it. i know his voice and style of conversation. monk has been spitting out the same 'rant' for many years now--it is mildly entertaining for about 30 minutes of reading--then it just insults the reader's intelligence with a purely hypothetical 'blog' track record. i sent out about 2-5 emails a day to people that were interested in investing with me (for me too so the IRS doesn't hassle my trader status) with entries BEFORE my actual entry--along with a nightly word document (for me mostly and the IRS)--and send out my monthly account statements. the reason i set aside 100K in february to swingtrade was to show a few potential investors that it does not take a million $$ to make a $$ in a year or less. someone asked me how i trade. i have been a member since 1999 and mostly lurk to fill up my rather boring swingtrading existence. but i can write a general response here after the markets. i swingtrade six market complexes--very deep and liquid ones--indexes (nq), interest rates (30 year bond), metals (silver), currencies (eurocurrency), energies (crude), and grains (beans)--and have the ability to trade within these complexes as well. typical holding time is several days to approximately 1.5-2 weeks. my win % for over 3,000 trades is approximately 52%. however in my opinion my 'edge' is in position sizing. typically i enter any trade with one unit and using basic elliot wave, technical patterns, and S/R I 'add' 2 units to WINNERS on the 2nd entry, then finally 1 unit on the LAST portion of the trade if it continues in my way. on one unit entries my cost of doing business is a stop-out loss but TYPICALLY a stop-reverse to go the other direction with one unit. my R/R is rather robust, but fairly typical--the last 100 trades were the following. crude--15 trades/5 losses/3.13:1 profit factor bonds--9 wins/10 losses/4.37:1 profit factor euro--9 wins/8 losses/2.72:1 profit factor silver--8 wins/10 losses/2.62:1 profit factor beans--9 wins/8 losses/1.44:1 profit factor emini nq--6 wins/8 losses/3.76:1 profit factor i never risk more than 3% of my account equity on 'initial' entry--the 100 trades do NOT include the two additional entries on trades that had follow through. i would never sell what i and my partner do--(i don't want the competition for fills on stop entries)--i freely admit i am the world's worst daytrader--so i gave up that ego play about 2 years ago. for me--it has helped tremendously to work closely with an older, nfa member on a close basis daily--to split the duties if you will--a team approach if you will. that is what i do and how i do it. this is my favorite trading forum to read about stuff though--rarely do i get involved in trading discussions but i couldn't resist with the monk.
Well...apparently public life was just too much for the monkster. He has vanished into the ether. What really bums me out is that there were lots of links to some great reading material. Whether fraud or fact, the guy did a great job of compiling some nice resources. Now...let the real games begin