I trust your opinion on that. I didn't really follow what he was talking about. Could be a language thing, or maybe I'm just not in you all's league. I need to be spoon fed details like that slow and concisely... and even then it takes me a minute.. Any crystal ball thoughts on the fall-out from DB?
from my newsfeed: DEUTSCHE BANK <DBKGn.DE> Indicated down 6.2 percent Deutsche Bank <DBKGn.DE> admitted it had an image problem with investors as fresh concerns over the stability of Germany's largest lender pushed its U.S.-listed shares to a record low. JP Morgan said any settlement higher than $4 billion with the U.S. Department of Justice over its sale of mortgage-backed securities would mean that Deutsche Bank's current reserves would not be enough and it would have to replenish reserves, putting capital at risk. [nL8N1C52BG][nFWN1C50R9] Hmm, seems like they will have to do some sort of capital raising. Already been selling some assets. I reckon they will settle pretty quickly to get this lawsuit behind them... if they will do that with some kind of bond issue or partly with equity it might be allright. If it takes longer, shit will hit fans... in cases like this, action means good... in-action means very very bad...
There is just something about Mary, I mean Marsman that makes me like him. It is hard to tell what. Yes, he was ignorant of the risks and he got his expensive lesson. Yes, he was arrogant and got kicked out of 2 message boards. But he had an idea and he didn't mind to put money behind it to test it out. He is also honest and keeps posting the results even when he is down. You have to admire that. Most people just disappear when that happens to them. And it looks like he doesn't give up easily. And his whole journey is very entertaining. He comes here with a know it all attitude, gets kicked out, then he repeats it at T2W. He is like a honey badger or a terrier, just doesn't give a shit. Now will that attitude serve him well to achieve his goal? Not likely, but he occasionally does listen, and when he does, it is to his advantage. If he could just learn to listen more he could avoid blow ups in the future. I also think that we could tweak his strategy and working on it together we could make it much lower risk but of course lower reward too. I told him earlier, big money doesn't want 300% returns in 3 weeks, that is for the small accounts. Big money wants safety and low DDs. It is also possible because of his small account he was pushing it too hard and greedy. He pretty much put all his money into 1 high premium biotech. That is a big no-no. But if he had more money and could diversify among at least 3-4 stocks and maybe a little hedging thrown in, he could have a workable fairly safe strategy with a 20% monthly return. Marsman, forget about bigger than that, if you do, you are taking on too much risk. I am not sure how soon he could open a new account, but in the main time he can backtest options using the TD Ameritrade account, and he should forward test a portfolio of at least 4 stocks, the money evenly divided among them. And use less leverage or sell farer OTM options. Or both. By the way what I meant in my previous post was that there will be news events coming out of the blue affecting the stock and the strategy has to be ready for that. When it is not, you end up with a negative account value. Anyhow, never give up your dreams, never surrender, and never say die.
Sorry but being ignorant in the face of risks and bragging about paper account trading is not the same as an athlete having fight. Trading requires using your brain, not your balls.