I disagree completely. Neke's finally putting it together. If he churns our $4-5k/week for the rest of the year (and adjusts his goals accordingly ) he'll make about $200k from here and do a hell of a lot better than nearly everyone on ET. If he gets up to $10k/week which I think his strategy can probably produce that's closer to $500k. It's when he tries to make $50k/week that he completely blows up and has huge down weeks. I still think this thread's a bad idea (though I read and enjoy it weekly) - 2/3 of it just haters goading him into taking more risk and pointing out he's gonna need to ramp up the risk to get to 4.1M which is the worst possible advice available.
C is up from 3.25 to 4.10 in less than a month. a 30% gain. on 250K he'd have made back half his loss already. on leverage, 2:1, he'd have broken even by today. at 4:1, he'd have made that and another 50%. just short PALM this month, he'd have made back that plus another 200-400%, and PALM is hitting zero before it's bought by microsoft. just wait for that announcement, it's coming. but i digress. risk isn't what he needs. balls is what he needs.
SC and Pauld Tudor Jones only made money because they focus on limiting risk first and foremost before making money. I think you have a very interesting way of approaching trading... correctly you should have said that YOUR trading is like gambling.
truly spoken like a total beginner. If history taught us anything then its that prices can go anywhere. You want to bet your farm, your whole life, and your wife that this is the real estate bottom in the US? I dont!!!
IDIOT. Seriously!!! So why are you not rich by today after all you saw all this coming for C and PALM RIGHT? How stupid do some posts get here, really...
You proved my point exactly (the one that this thread is nothing more than a chance for a bunch of loser jerkoffs to encourage Neke to take too much risk)
TRYKtrading is already proven his statement twice himself. The post above yours Ex: pretty stupid apparently...
actually, i'm being facetious. i don't think he should be taking any risk. real estate is probably the lowest risk, highest potential return out there for the amount of money he has to invest. he'll make a killing if he buys in the right markets, makes the right choices. it's amazing how guillible y'all are when i post these comments. i'm kidding. this guy could never make money off high volatility swing trading, major news moves, short squeezes, or short attacks, none of it. there's obviously a risk aversion problem in his head he can't get past for taking too many losses and not enough profits. or, simply just being right 52% of the time, he'd be a rich man. i think cramer said that once. this conversation is over.