The treacherous path to $200k a year

First of all, I'd like to know who can actually learn from my trading just from reading my posts in my journal


He must be a very quick learner, because I haven't learned complete systems just by watching someone post. I get ideas, I test those ideas, and if they work I implement them. I'm pretty sure most people have a brain just like me.




2nd, Lighten up , I'm starting to think trading is consuming some of your lifes and you have to respect it like its the virgin mary.



I'm here for the money, always.


I'll talk some bit about my trading , because seriously, I get tired of talking about bs but it floods my journal and I have to respond , BS does not make me money, but it sure helps past time




My risk management is tight, well, its extremely GREAT . I think the key to me becoming a 10k+ a trade (30 contracts) 60 YM points every 5-7 days is mainly because of my risk management


I can put on huge size mainly because my risk is always small, the smaller it is, the more bigger size I put on.


When I started this thread, I had pretty much a good idea how I was going to proceed.

0.3% risk


In fact, as I progress, I learned more about entries , timing, and how to implement this 0.3% risk. I now usually use a 0.1% risk maybe 5-10 cents.

Everybody can talk about a low risk

but how many people can execute and enter and not be stopped out 30 times in a row.

I can be profitable almost every 35-45% of my trades and have a profit target of over 2-3%

That is where I have progressed, and that is why I will not just make a living in trading, but make a fortune.


Some of you may find this odd, but I'm sure most people who do know how to trade will find this seep right into traders top earner's methods.

Most people are just looking to make a living, I'm looking for ways to make a fortune. And its not what you find in the books. Its all up in the mind.



This is not an advice. So newbies do not follow it, some people might get mad and think you are completely stupid enough to follow everything anybody posts hahahaahhaha

 

"My risk management is tight, well, its extremely GREAT . I think the key to me becoming a 10k+ a trade (30 contracts) 60 YM points every 5-7 days is mainly because of my risk management"







CW I am looking forward to you posting some of these trades in YM traders on this board.







Nick and Steve, you guys are ganging up on this guy like a pack of wild dogs. Is there a reason both of you attacked this guy first in his own journal ? Maybe he is a bipolar nut case but this forum is for trading and not for giving amateur psychological evaluations.








"BS does not make me money, but it sure helps past time "



I think both of you guys need to reread the last part of my previous post and compare it to his comment.

 

If you had actually read the whole thread, you would see that I started out by asking him honest questions and was completely civil. Over the course of time, it became obvious that Coolweb was full of it and his posts started to annoy everyone, not only myself. He posts and posts advice on how to "make it" in this business but hasnt come close to making it himself (by his own admission, he has only been profitable since this Sept). Its not just on this thread, but on many others as well.
You are basically jumping in and adding your opinion on the matter without any real reference. I am sure TraderNik would agree with me on this one. Had you been involved from the beginning you may be singing a different tune.

 

Volente,
I'll definately be posting the trades



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For my other admirers who are constantly trash talking that I can't trade myself out of a paper bag.


I will up the ante.

Would anybody like to put their money where their mouths are.

I will be willing to let you bet AGAINST ME, 2:1 odds.


If I can make a $10k profit in 30 days (1 month) . With $30k in futures using 10-15 contracts . That is 30% profit.
My Max lost will be up to $2k, If I lose $2k , You will automatically win the bet.


The wager:

If I make $10k :
You will pay me $250 in amazon.com gift certificates

If I lose $2k or do not make $10k in profits for 1 month (30 days 22 trading days):

I will send you $500 in cash paypal.I will post trades in REAL time in niha's room. Or ET chat room.


Would anybody like to put their money where their mouths are.

$500 can buy a lot of christmas gifts for christmas this year
I am also a big loser so there is no way you can lose. $250 can get me a new vaccum cleaner, hopefully dyson where the suction doesn't dissapear


I will paypal to any mediator and the mediator can have 10% right now. You must also paypal to a mediator as well.



Steve? TraderNik ? Univited_guest with less then $200 to his name?

Step it up. I will take 2 bets $500 each.


Who would like to step up their trash talking game and see how good my game is.


<h2> Step up to the plate Like a man or shut that girly mouth of yours</h2>

Now we will have some fun.

 

CW this bet is heavily tilted against you. You can lose $1K in minutes trading 10-15 contracts. Anyone and everyone should be signing up for this wager.

 

I'll take the bet but I don't like 'real time posting'. I want to see account statements with the trades placed and you're on. If fact, if you win, I'll likely give you a big account to trade

 

So true. Hey coolweb start posting your P/L blotter. Then we shall see..... how full of it you really are.

 

Forget all this, why not go head to head with me? Whoever nets out more each month over the next 6 months wins. 10k doesnt prove anything by the way. Is that all you can come with?
Just warning you that last month, Oct 2005, I netted 27k and this month, Nov, I am up 13k with half the month left.

So Coolweb, what do you say?

 

Magna,

I'll be posting the challenge Trades in another journal if you don't want it here,


And this challenge will definately detail my trading trades because I'l be posting the trades right here as well or in another journal.


Steve,

the question is if you doubt me as a shitty 4 month trader, not if you can beat a 4 month trader.
I'm sure you can beat me for now, It'll take me maybe 6 more months to toast you with 40k month NET not GROSS just by upping my contracts because my method is scalable. yours isn't



NTB,
Its $250, What do you expect an audited statement? Its no $2k football game bet, Its just light fun shit. I'll won't be taking any funds because I have hell lot more then $30k to trade with and futures can't be played easily once it hits 100 contracts. Thats only a test.



I msged the moderator to see where I should post the challenge TRADES .

I'm sure a journal of trades from a challeneg is always valid, its not just bluffing and puffing.

I want a new dyson.


And of course I will continue posting trading activities in this journal