I belong here. I am making my million and here is my journal if ya don't believe: http://www.elitetrader.com/vb/showthread.php?s=&postid=878736#post878736 I think the Dow will go up +97 pts tomorrow. And day after tomorrow, it will go down -61 pts.
% is not king, good traders can easily earn several hundred percent on a 50 or 100k trading account over the course of a year. Doing that on millions is far more difficult. On another note, I hear samson is doing well, and will be joining this club shortly. As for me, I am happy to join the club. What are your thoughts about the content of this thread Gnome? Good trading! Mike
I am typically a market neutral trader. I started in RiskArb, then switched to pairs. Over the past 18 months, I have changed my strategy to be a multimarket, multi-strategy, multi-timeframe trader. It will be impossible to post my short term and most intraday trades, but I will share my short term out look. I am currently bullish on the S&P and stocks over the next week. Perhaps you could convince the moderator to clean this thread up and help "separate the wheat from the chaff". Good trading! Mike
Yield curve steepens, rates rise across the curve as market builds in risk premium of new Fed Chairman. Equity markets fall. Greenspan impact on financial markets has been way more than currently thought. Bernanke cannot fill Greenspan shoes and must be tested before market can tighten risk premiums to levels currently seen.
By the way, Gold and Silver are going to rise sharply above $500 and $8 respectively in the coming few days.
The third time make sure you put half of it away in a 5% CD so you won't lose it all again. BTW Sorry I'm not in the $1M club and still posted anyway just wanted to add some advice. The best I did was to make 2000% in 2003 in a small account. The strategy I used to make that died in 6 months but still watching it in case it comes back.
MRWSM Good advise, actually I did buy a house with it and that's worked out fine but this time I'm going for 10 M much harder to screw up with lol.