WE WANT TO KNOW WHAT HAPPENED WITH THAT ASIAN GIRL IN THE ELEVATOR (and beyond) ! Great writing ! Enjoyed reading it.
Read a lot of it, very enjoyable. Quite fascinating to get a detailed account from the "inside" of one of those real prop firms. Keep the updates coming.
New post up about women, broker dealers, penny stocks, and friends along the way. Thanks to everyone reading! https://churningandburning.com/2023/07/camraderie.html
Neither of us had netted $10,000 in our entire prop trading careers and now we’re going to be written in pen as two of MBC’s market wizards. Jesus Christ. Oh Yeah, The Pale Book. Another pyramidion to put on the board. What was your top element ? You disagreed with him About 1GT. Profitability ? Good read. Thanks.
Hello peterkto, How much money you made from trading overall? Did you make +$1 Million Dollars from trading? If so, how long did it take you to make +$1 million dollars cash? Thank you for sharing. Thank you
I don’t want to know the ending, let him drip feed it! Absolutely cracking read, and don’t get into what happened next, it’s your biggest asset
The first post I read is " shorting HKD". I will call that trade a clueless gambling. I shorted high fly stocks in 1999-2000. Many stocks rose 5 times 10 times in a few day. First thing you should remember, never short a high fly stock in the morning or at the open. That is the time when it goes strongest and most high fly stocks make open as their day low. So when to short a high fly stock? If a high fly stock goes consecutively up day by day, initiate your short on the day when the stock closes down , and set your stop at that day day high. Besides, there are some intraday patterns that can tell the strength of the stocks.Usually a high fly stock keeps going up from open until 13:00 when people have lunch time,at that time most high fly stocks show some degree of weakness. If later afternoon a high fly makes new day high, then the next day it is likely to continue going up, that means the next day is still not a good day to short. So to sum up, short a high fly when you see it is in red.