Taking 410K to 4million by Year End 2010

i wouldn't sell...
$50k means they'd implement it. they'd be taking it seriously.

 

That's what they were saying about the turtle trading system. You can give someone a million dollar system and they wont make money because they wont have the discipline to follow the rules, or trying to change something that's already perfect.

 

Please let us know when you're coming out with your book. Your insights, performance and writing skills would make you an instant success as an Author. As I understand it, you keep copious notes and enjoy writing... It would be a natural fit!

btw... hopefully, you'll offer a nice discount to the ET family

Walt

 

gambler: Your chart shows that you bought SPEX at 1.46 and sold at 2.5???

I am looking at SPEX chart from 8/17 to 10/7 I don't even see it pass 1.9. How did you sell at 2.5? May be I am looking at the wrong charts... was just curious that's all

 

Ha ha! My music is first on my project list, been putting it off waaaay too long. There are too many trading books and I believe Al Brooks said there's no money in it.

 

i'm not sure...

http://www.automated-trading-system.com/wp-content/uploads/2010/03/turtles_since_1970_350.png

 

Premarket. Here is one screenshot of my sells. Remember I sold 147,000 shares that day.

g

 

That precisely is what a lot of swing traders/stock investors dont understand that the day trader doesnt have that risk of an event like that-agreed it can happen intraday-a halt or a dump but its more likely an overnight thing than an intraday thing, probability wise.

Other thing is lot of people dont ever factor "anything can happen" into their trading plan. What if there is another 9/11 during market hours or something else happens ? Would you be able to survive and trade another day ? One trade or even for that matter a series of trades should not define or shatter yr trading methodology.

 

May 6th indeed gave me pause and I took time to consider the effect on my small trading account of holding a leveraged position during a serious event (such as a 9/11-type event or worse).

 

25k per ES contract should be enough margin to survive a 9/11 type deal, this allows for 500 ES points against you. This should be plenty. You can also allocate a small % of your gains towards options to hedge.