I keep waiting for this person to turn out to be an alias for cold/T28/C-Kid and a bunch of others. He recently started a thread about having only $5K and being depressed (Johnn I think). If he claims to have made 500% in a month, this person is blowing smoke up ET's ass. Make 10 live calls here on ET to demonstrate evidence...
MatureDiamond, Thanks a lot for your advice! You are giving away GOLD. I wouldn't understand some of your words only a week ago. But I do now.
Very possible Some of my friends got financials calls last Wed. after i called the market bottomed. Some went > 100x on Friday However some issues in money management. If someone only have 10k in the account and put 2k into it. Got out when it was 20x in the next days which has been very easy case on last Thursday. It's 500% for his account in 2 days However i only played options once so far in this account I play very conservatively Jim Cramer said couple of days ago: when account value increase too much in a short time, pros are very concerned, because it implies too many risk he is taking. Finally got gem words from Cramer
Though I was never any where near these kinds of returns, I am starting to think you may be on to something.. PTF See my equity chart.. though the drawdown was caused by breaking rules.. there is always a reason.. http://www.elitetrader.com/vb/showthread.php?s=&threadid=115745&perpage=6&pagenumber=83
My gut feeling is this guy is on the "up n' up".....could be wrong...but the way he expresses himself is not like those other clowns Looks like it may progress into an interesting thread... Good luck, Diamond
To retire45. I just check what you did. In fact you are doing great. It is not easy to play individual stocks in the past months. We are in once-in-3-decade-market. When INDU, SPX down to hell, many stocks were heading to new high. To TraderZones and Now is Now. Actually I dont know any IDs and their stories in ET. I come here to read some eco issues discussion. I read a lot of posts. But never remembered any ID before i initiated this thread. Many ppl are very very good at some points or some fields here. I learn a lot from ET. I did not find any bad posts here. Just the different points of view from different ppl Nothing is impossible in the trading world including either wipe out or quick rich I come here not to prove but to improve -- quote from a friend Anyway, thanks for any inputs. We are playing risky games. Risk is the first priority forever all the time Good luck to all
Hi Diamond, What kind of plays do you do in oil? With this volatility I don't see how you could do anything other than ultra-short or long term (if you have massive capital). Best trading, Jorge
Hi Jorge Not a good time to play OIL/GOLD now. Let them be. Same is USD. Wait for another week (We have to watch EUR breakdown or USD.JPY breakout to make further trading decisions). Although I thought OIL would go down further. Will likely short index futures next week at the pops. I did short OIL at that big drop day at 144.5, after 30 mins it hit 135.92, i even did not have time to close it. What a lol Got around 11 pts another account (8 pts or so in this account) at that day. I never had that kind of play. Good luck to u