MightyMouse

It seems to me like you are new to stocks since you are unfamiliar with the tax ramifications and got lucky on a crazy trade. If it wasn't insider trading, then you had a big set plopping down almost 50k on a penny stock. If you are unaware of how those stocks trade, you might want to find out. Typically they pop and then fall from grace. So, your 25 cents might seem like a high price soon.

Maybe next time around I'll get a girl that has a website. The more you find on her, the better.

The next time I get married, I am going to post her name on this thread and let you guys pick her apart. You guys will find all the shit on her that I couldn't find and save me a lot of time and money. I wish I had access to you 18 years ago.

They can destroy their credibility more by buying more treasuries.

The fed can do more of the same. Not saying it will work, but it tends to force money into the market. They fear deflation. At the same time, Value is being eroded and gold is supposed to be a better store of value.

It has been down and it might be trying to change from down to up. I would consider that as a possibility. But no one ever gets a free ride, so it will attempt to go back down and weed out the weak longs if there are any. So it may once again look like it is going down but the move will only be traders stealing the longs from weaker players. How far down it goes will depend upon how may weak longs have entered or will enter. Fundamentally, gold is likely to go up since the sounds of stimulus are in the media again. In light of the EZ issues and its impact on the US, the fed may preemptively attempt to provide support to support what appears to be a stumbling economy. Stimulus is a more responsible word than printing money.

It was doomed in the 90's when they dreamt it up. Smoke and mirrors pushed off the inevitable and it remains doomed until they form a federal government with centralized taxing authority.

In practice, if you wait to play only high value hands, you will be hard pressed to win money if you are playing against high quality players. If is best to play junk from time to time and show that you have played junk so that you do not get pegged as a tight player. The odds in poker are pretty simple and most decent local non transient players understand them. When you are playing with people who understand the odds, you are playing at best in a negative sum game since there is a rake and a toke. To win, you need to learn how each player acts or reacts when they are in a hand. If you play with the same people long enough, you can come pretty close to guessing their 2 cards (in texas hold'em) they are holding almost down to the exact suit, just as often as you can complete your best friend's or spouse's statement before he or she does or know what he or she is going to say before they say it. You learn to read individual facial, body, breathing, and hand gestures which tell you if he has a good hand or and if you should call or raise or fold. The odds are important, but you make money by learning to play the players and you need to keep the other players confused about the way you play. The odds in poker are much more objective than they are in trading; therefore, traders are disadvantaged to poker players since there are no "nuts" in trading, arbitrage trading aside. The back testers believe that they can approximate the odds, but back testing is a systematic statistical misinterpretation. The parallel "reading traders" in trading may seem like it is harder to do than it is in a poker game where the players are visually inspectable, but it is possible to understand what the other traders are doing by understanding the patterns that present themselves at particular places and times and understanding how you can tell if trader a, b, c is present. When you understand who may be trading at a particular pattern, then you may decide to, for example, fade that fib pull back short instead of taking it long like you normally would have done. Or, you may decide to short the low at support instead of buying the low and expecting support to hold. Learning who you are trading against and how to trade with or against them will magnify your success.

All traders, forex or otherwise, lose because they take big losses and take small gains. Whether they back test with a small sample or spend their time making their system work or whether they back test or have a system at all is completely irrelevant.

I suppose that would work. Stock futures didn't exist when I was doing it.

Wow, you are pretty bold. I have a system that has no losing days per year, does not require tweaking whatsoever, is profitable when a market is volatile, choppy, or trending. Bold or not I don't think you have the balls or the money.

I had you confused with another person. I genuinely thought you were from the US too.

You are describing something more of a hedge. I have done this for clients a while back and used options instead of shorting the stock. It was a cheaper alternative to putting up the margin on a $4 million dollar position. There is nothing wrong with trading in and out of the stock if the company allows you to take positions. Some companies want you to disclose all positions that you hold to make certain that there isn't a conflict of interest with some of the companies that they do business with.

In the USA we have IRAs and Roth IRAs that you can trade futures, forex, stock, etc and you do not pay tax on the gains. In the case of an IRA, the money you put in is pretax and you do not pay tax on anything until you take it out at which time all of it is taxable whether it is a gain or not. In fact, you pay a penalty tax under most circumstances if you try to take it out too early. A Roth IRA is funded with aftertax money and grows tax free and when you are over 591/2 Y.O. you can withdraw money from it tax-free no matter how large a gain. Yours truly doesn't use either of these to trade, but each is a legitimate account that any US citizen or resident alien can employ. The US centric thought process is just a phase. Give it another 200 years, it will fade away.

That is just awesome.

Draw-down? There is no draw-down when you can consistently do better than 3% a month or otherwise use the market as an ATM. Leverage? Since it is consistent, there is virtually no amount of leverage that is too much. Volume? Soon enough, you are the market.

karoshiman, I know this isn't your idea since I have heard it before, but it is purely delusional. You make a hedge fund sound like a lumbering whale. You have zero advantage over a hedge fund assuming that both of you know how to trade, in fact, you are at a monstrous disadvantage because of your size. They can employ tactics and strategies which are simply not economically feasible for you because of your size. This really needs to be thought through. There are plenty of people on these threads who desire to be viewed as being enigmatic. I understand that anybody can be anything they want to be online and this is fun venue to be something they are not. I suppose the practice fills a gap or something like that. MM

She is still hot if you have seen her recently.

Friggin Josh! You sniffed him out.

I do not think that 38% returns are impossible, There is a big difference between saying you make 38% a year and saying you made 38% in a year. You claim that your skills are such that you can make 3% per month consistently which is just plain bs. The fact that a few funds did it simply is just what is statistically expected and not the norm Hot shot I challenge you to post only one winning trade before the fact. Just one. But of course you don't have to prove anything to someone like me yada yada, Go hide behind your screen and keyboard where you are safe from exposure.

Don't pass Go and go straight to Jail.

OOOOW! a hedge fund. They are smart. Imagine how smart you are if they are using your algorithms.I get the gist. Clearly, then, you are the smartest person on this site. I guess you weren't done with your story telling. Can you also snap a whip Indiana? I am glad you won't tell us or show us your results because I think our faces would melt. Just like in the movie when they were exposed to the holy grail.

I beg to differ. I do find it funny that Greeks do not want to stick dildos up their asses as a result of a prolonged recession. What is the world coming to. I suppose it is because they spend too much time being bent over by the government these days that a dildo just isn't stimulating enough anymore.

Don't forget taxes. Assuming a 25% tax rate every 12 months. 1 20000 2 20600 3 21218 4 21854.54 5 22510.1762 6 23185.48149 7 23881.04593 8 24597.47731 9 25335.40163 10 26095.46368 11 26878.32759 12 27684.67741 25763.50806 13 28515.21774 26536.4133 14 29370.67427 27332.5057 15 30251.7945 28152.48087 16 31159.34833 28997.0553 17 32094.12878 29866.96696 18 33056.95265 30762.97597 19 34048.66122 31685.86525 20 35070.12106 32636.4412 21 36122.22469 33615.53444 22 37205.89143 34624.00047 23 38322.06818 35662.72049 24 39471.73022 34183.5549 25 40655.88213 35209.06155 26 41875.55859 36265.3334 27 43131.82535 37353.2934 28 44425.78011 38473.8922 29 45758.55351 39628.10896 30 47131.31012 40816.95223 31 48545.24942 42041.4608 32 50001.60691 43302.70462 33 51501.65511 44601.78576 34 53046.70477 45939.83934 35 54638.10591 47318.03452 36 56277.24909 45355.44705 37 57965.56656 46716.11046 38 59704.53356 48117.59378 39 61495.66956 49561.12159 40 63340.53965 51047.95524 41 65240.75584 52579.39389 42 67197.97852 54156.77571 43 69213.91787 55781.47898 44 71290.33541 57454.92335 45 73429.04547 59178.57105 46 75631.91683 60953.92818 47 77900.87434 62782.54603 48 80237.90057 60178.54442 49 82645.03759 61983.90076 50 85124.38871 63843.41778 51 87678.12037 65758.72031 52 90308.46399 67731.48192 53 93017.7179 69763.42638 54 95808.24944 71856.32917 55 98682.49693 74012.01905 56 101642.9718 76232.37962 57 104692.261 78519.35101 58 107833.0288 80874.93154 59 111068.0197 83301.17948 60 114400.0603 79846.13634 61 117832.0621 82241.52043 62 121367.0239 84708.76604 63 125008.0347 87250.02902 64 128758.2757 89867.52989 65 132621.024 92563.55579 66 136599.6547 95340.46246 67 140697.6443 98200.67634 68 144918.5737 101146.6966 69 149266.1309 104181.0975 70 153744.1148 107306.5305 71 158356.4382 110525.7264 72 163107.1314 105941.5037 73 168000.3453 109119.7488 74 173040.3557 112393.3413 75 178231.5664 115765.1415 76 183578.5134 119238.0958 77 189085.8688 122815.2387 78 194758.4448 126499.6958 79 200601.1982 130294.6867 80 206619.2341 134203.5273 81 212817.8111 138229.6331 82 219202.3455 142376.5221 83 225778.4158 136471.2393 84 232551.7683 140565.3764 85 239528.3214 144782.3377 86 246714.171 149125.8079 87 254115.5961 153599.5821 88 261739.064 158207.5696 89 269591.2359 162953.7967 90 277678.973 167842.4105 91 286009.3422 172877.6829 92 294589.6225 178064.0134 93 303427.3111 183405.9338 94 312530.1305 188908.1118 95 321906.0344 181072.8604 96 331563.2154 186505.0463 97 341510.1119 192100.1976 98 351755.4152 197863.2036 99 362308.0777 203799.0997 100 373177.32 209913.0727 101 384372.6396 216210.4649 102 395903.8188 222696.7788 103 407780.9334 229377.6822 104 420014.3614 236259.0126 105 432614.7922 243346.783 106 445593.236 250647.1865 107 458961.0331 240251.2131 108 472729.864 247458.7495 109 486911.76 254882.512 110 501519.1128 262528.9874 111 516564.6862 270404.857 112 532061.6267 278517.0027 113 548023.4755 286872.5128 114 564464.1798 295478.6882 115 581398.1052 304343.0488 116 598840.0484 313473.3403 117 616805.2498 322877.5405 118 635309.4073 332563.8667 119 654368.6895 342540.7827 120 673999.7502 352817.0062 121 694219.7427 338183.3841

Some of us? I guess that list includes you which implies that you have the skills and have earned far greater than 3% a month. Of course this is something that we will never be able to see I suppose that you can run mile in under 4 minutes, bench press 700 lbs and squat 1000 lbs. Why not? Spread the bs evenly. It looks cleaner. Most readers on TL do not like lumpy bs. It is always refreshing to get a comic book view of trading.