July is almost over boy, your goal is impossible to achieve in that short time of the remaining 16 biz-days or so, unless you meant until July, 2017... ? Even if you could make 350% per week, the max your account would reach is about 90k in 3 weeks... Check your maths, I would suggest. This is the formula: Cap_end = Cap_start * (1 + p / 100)^n where p is your profit% per intervall and n the # of intervalls. But, I doubt you can make 350% per week, not even 50% IMO...
In the late 90's, my futures account went from 15K to 500K in 3 months ( through the naivete of trading "too many" NYF futures contracts; this before the advent of emini's ). From my experience, if you have made this many $$ so quickly, I would suggest: 1) go to cash 2) take 6 months off, rest and review what just happened 3) take a part of the money and buy a place to live / pay down the mortgage and 4) take a nice vacation. In my case, the account value dropped quickly back to 120K where I went to cash ( as the market headed into the Asian currency / LTCM crisis period ). Would have liked to use part of that $500K vs. $120K! - Don't quit your day job - Don't use leverage - Open a Roth IRA - Sometimes money is made by sitting in cash - Don't be a hostage to the markets - let the markets, profitability of the U.S. economy work for you
I graduated with an MBA that focused on business economics and finance. I never received an internship nor ever highered by any managed fund firms. I graduated with a 3.5 GPA. After reading and listening about other prop firms and the expectation of some managed funds, I decided that I would know longer wait for someone to employ me for the sake of getting experience. I create my own economic models as well as back testing them using the qualitative fundamentals of statistics and economics learned in grad school. Because I never got the needed hands-on-experience, this never deterred my thirst and hunger to take a pound of marketshare out of the market. It seems that 7 to 8 percent return is the expected norm seeing the near zero percent interest rate set by the Fed. I hope this guy simply beat all the index markets because most experienced money managers can't even keep up with market expectations. My corporate finance teacher once told me, "all it takes is one company."
All it takes is one company or one winning lottery ticket. You may certainly fail hundreds of time before to be (Potentialy) rewarded by fortune. So the challenge is to not go broke. It's a winner take all market. Invest a little bit in each of the next tech companies. Keep the winners, say Ciao to those that fail. An MBA has nothing to do with success. You can't teach birds how to fly. I dropped out during college. But I am certain that I've got more wisdom than many of these MBA. Skin in the game is what teaches you. MBA is a lot of Bullshits. Start small businesses. It's way more rewarding than any degree if you want to be a business man. A degree is good for networking. But if you don't graduate from a top tiers. It's useless. That's why I believe the OP's going to go broke. It's all or nothing plan with lottery associated probabilities. It's very unlikely that you make it. But not impossible. By the way, why not buying an SPY dec 21 2018 OTM naked put ?
I'm polite normally, so that's a fair request. You seem pretty confident in your system. I know you can't divulge everything, but what can you tell us about it? How do you describe it to other traders? How long have you been trading?[/QUOTE] I am here not for entertainment, and I am here for your $999/month bill from your credit card I am going to show you guys how to plan your trade and trade your plan and these trade can not done by only luck or gamble Why share successful strategy? Like Costco sample, sometimes you want to try it before you buy
Thank you for your reminder and your formula. It is 2016, not 2017, yes, in the remaining 16 biz-day I have already disclose my first trade here and to tell you the truth, I have already planed the next 2 trades. only 3 trades, not 2, not 4, only 3 to reach the goal The first trade will make 350% gain, the second make 300%gain, the third make 5000%gain how about this math sounds like? Please follow this thread thanks
Sorry, now that I read you already have the trades planned and one of them is a 5000% gain it totally makes sense. You are an ET legend.
With the skills you say you have, you should be a zillionaire by now...or real soon? Why waste time here and on C2 for $999 per mo.?
Impossible! You won't be able to find such a 3rd trade with 5000%.... Not even 350% if short-selling... Maybe you are using yahoo data. They are buggy like s*it.