taking 4 million to 1 million by year end

Hmmm. Starting with 100k loss on CIT bonds.

 

buy 1000 spy apr 131 calls on monday open and sell em out 1 and a half higher

 

I thought I had the copyright on this "Taking x to y By date-z" titles


Hope though you fail in this pursuit. Why not go for the upside?

 

i am not so sure you'll be able to lose as much during the year, that is, 75% loss is very difficult unless of course you are day trader. :eek:

but i am inclined to say a 50% loss per annum is very doable provided you follow the rules and suggestions of most of the senior members here on ET.

 

Good luck man, I'm rooting against you.

I have a secret system that would allow you to achieve your goal with almost no effort. But it's so valuable I'm going to have to keep it to myself.

 

Buy a yacht and put a crew on it in a foreign port.
You will be lucky to salvage a million at the years end.

regards
f9

 

This is like saying the best way to go from $5K to $25K in one year is to get a job. It may be true but it's not in the spirit of things.

 

this is the most realistic guy on ET

 

Secret:

Words have leaked from CNBC that the 5 million dollar contest has a prize on the low end.

On the high end, you have 1 million dollar prizes if 5 million dollar portfolio increases the most.

On the low end, you have 100,000 dollar prices if you lose the most on your 5 million dollar accounts.

I am trying to win the low end prizes. I have already won the weekly prize on the low end (never publicized, only winner knows): a book titled Trading in the Basement, written by a former day trader and ET resident poster named Tradernik