The ACD Method

Discussion in 'Technical Analysis' started by sbrowne126, Jul 16, 2009.

  1. Quon

    Quon

    Aww, man! Perfect failed A down! Remember what you told me about missing that huge SLV trade in October, (I covered my puts like a day before the bottom dropped out).

    : )

    Edit: Sorry, September, not October
     
    #3501     Jan 9, 2012
  2. Maverick74

    Maverick74

    This stock is up 50% in the last month and I thought we would get some moderate pull back in the ES this week. Jesus man, no such luck. The weekly levels for NFLX are 85.58 and 93.00.
     
    #3502     Jan 9, 2012
  3. gmst

    gmst

    Thanks for the interesting story King!

    Btw, its not clear - Did he make this 50 million from the markets ? And did he put all this money in his wife's name or did wife got this money from inheritence or some of her own business.

    Aside, all traders who are very successful are careful about their monies. They are generally quite conservative about their spending patterns, even when in the markets they could be making/losing hundreds of thousands in one day. I think Eric had a thread on successful traders, where he mentioned this quality.
     
    #3503     Jan 9, 2012
  4. she was from old money. The point was these guys were all busting on him for being a scalper when he had no money issues. There are a lot of people in the markets who don't really have to trade they do it because they love the mkts.
     
    #3504     Jan 9, 2012
  5. gmst

    gmst

    Yes, very true - I plan to keep trading for at least 40 more years, even though I will be rich in a few years :) LOL

    Its about passion. Passionate people are passionate about the things they do - money is just a number at the end of year. In any field - be it businessowners like bill gates/jobs, or traders like Soros, Druckenmiller, Tiger, Rogers - all names who kept trading/investing/working on their interests even after they have amassed a huge fortune. Hard to know any trader who actually quit (maybe due to health issues). Market is just too attractive a puzzle to leave it ever.
     
    #3505     Jan 9, 2012
  6. aapl up 13 of the last 15 days amazing run.
     
    #3506     Jan 9, 2012
  7. Maverick74

    Maverick74

    Some of these stocks just won't quit. We finally have a stock pickers market.
     
    #3507     Jan 9, 2012
  8. Maverick74

    Maverick74

    Nice breakout action in IOC today.
     
    #3508     Jan 9, 2012
  9. Quon

    Quon

    NFLX looks like it's going to confirm that weekly
     
    #3509     Jan 9, 2012
  10. Maverick74

    Maverick74

    Yeah, thanks for rubbing that in. :)

    I'm buying this back on the next dip.

    Where are those European rumors when you need them?
     
    #3510     Jan 9, 2012