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I was actually giving them the benefit of the doubt (AGAIN). However, I never bought a single share.
I still have the 8700 shares from when Trexville paid me off for getting suckers to buy into this POS on the open market. I was so naive back then...***I***was the sucker...even though I received free shares.
Just when you think Brad and Ray may actually be getting it together, you come check back in on the price...
I've said all along that if this company really had something, they would get financing and the price would go up dramatically. Brad and Ray are definitely good at what they do.
Does anyone know if RSMI could somehow allow the IPLS SIG to take the revenues from licensing the technology...much like Top Secret took the revenues for SIL?
I'm open to that possibility as well. That's the nice thing about not being emotionally wrapped up in this story...I don't really care. Just waiting for a trigger that compels me to jump in. It hasn't happened thus far.
I hear you loud and clear. I'm not putting a single dime into this company until it becomes utterly compelling to do so. I think it's dead money. NOBODY with any money is buying this crap. The only people buying are probably taking out second mortgages and doing cash advances on credit cards, with the hope of striking it rich.
When I see significant volume, and a significant price increase, then I'll know something might be happening. A prime example of that is BNVI.
I have to admit that my interest is peaked.
We'll know soon enough if this Narin guy has any juice.
Thanks for the input. It is very well received.
Hey Bill. Let's forget about the past for a minute. I respect your opinion on things because you're pretty well the research KING. What do you think about the reputation of this Narin guy? Do you think he may actually have the juice? Is it possible that Brad hired a result getter?
All NVEI needs is two or three small companies to adopt the IPSL standard, and start whipping the DOG MESS out of the big boys in there small little sectors of the world.
The big boys won't stand for some pip squeak little company being better than them...and taking away their customers.
I'll be honest here...I ain't buying the BS yet...but I'm watching carefully. There are way too many people involved for this to be a scam. I find it hard to believe that Brad is lying. Holy hell...talk about jail time if he is...
This little company may very well be worth the risk someday. Let's see if they can actually start delivering measurable results for a change rather than spouting off a bunch of horse shit.
Waiting in the wings...and watching from afar to see if these sons of bucks can actually pull this off.
Over and out.
Thanks...but I take my advice from people who know...and someone in your financial position is not likely riddled with good financial advice. You have no idea what you're talking about.
I already have a pool of credit optimizers. Just building it further.
So you guys are willing to try and convict without even knowing the process?
I'm starting to get a feel for what Brad and Ray have gone through. It may serve me well to take note, and apply this lesson in my own life.
No...this is how I make six figures per month.
My underwriter is very conservative, and would NEVER allow anything illegal...not even remotely.
If you knew me...you'd know that your statement is utterly ridiculous.
By the way...I'm paying a $5000 to $10,000 finders fee as well. If you find someone I can use, I'll write you a check. I have three houses under contract and need them by next week at the very latest. Thank you. elderwolf@msn.com
I'll pay $30,000 for your 680 credit score.
I have a few more real estate transactions going through. I need to borrow your 680 or above credit score, and will pay handsomely for the priveledge.
Please email elderwolf@msn.com if interested. It's pretty damn near risk free, and I'll explain the entire process. This is a fairly common practice.
By the way...I'm paying a $5000 to $10,000 finders fee as well. If you find someone I can use, I'll write you a check. I have three houses under contract and need them by next week at the very latest. Thank you. elderwolf@msn.com
I'll pay $30,000 for your 680 credit score.
I have a few more real estate transactions going through. I need to borrow your 680 or above credit score, and will pay handsomely for the priveledge.
Please email elderwolf@msn.com if interested. It's pretty damn near risk free, and I'll explain the entire process. This is a fairly common practice.
Thanks for allowing me to post on your message board. I'm not going to allow myself to get taken in with lava. I'm very careful about who I hang around with. He may make money, but he's not a winner. The board was a nice place before he brought his bad attitude. I'm sorry to say, but I've decided to quit coming to IHUB altogether.
You're a great guy Brother Glance. Feel free to email me anytime. I'll not be coming back here again as it's simply not good use of my time if criticism is rampany anytime someone says anything about their style. I prefer a more positive atmosphere.
Good luck to all.
Farewell to all.
I've been posting to this board for almost 6 years. I've decided that it's just not a very good use of my time. I'll not even be reading it.
Good luck to all.
It's pretty easy for you to say you'll smoke me. I guess that's about the only thing you can say since you can't defend your past predictions where the timing was completely off. And i guess it's pretty important for you to win the contest as I've received numerous privae messages telling me that you're the type guy that has probably been beaten down all his life by parents, peers, the world, etc.
So I'll give you this much...with your trading style and attitude, and you only having a small account, I GUARANTEE you'll get more pips. In case you didn't understand...YOU'LL WHIP MY ASS at actual pips gains per trade. I PROMISE YOU WILL. My entries are conservative, and I await confirmation rather than being anticipatory.
Does that make you feel better?
However, I see people like you come and go all the time. I PROMISE I'll be around to trade and invest after you blow up your first account for getting too aggressive.
All I need is 3 to 4% per month...and I make more in that month than you make the entire year. And that's only one source of income.
You're an amateur. You'll blow up your first account. You'll then tuck your tail between your legs and run to mommy.
In my opinion, that PnL you posted was a paper trading account. I don't believe you have real money. And in case you're wondering, I could care less about seeing any statement of yours proving otherwise. That is easily forged.
This debate is more easily ended than you think. You take the last word. Have fun with it.
Lava- Do I need to take the time and go back to find the several times where your timing has been off? I've been watching your calls very carefully. When you make a call, in many cases you're right eventually. However, in a lot of cases, it goes the other way before it heads in the direction you said it would.
Dude...I'm not faulting your style at all. If it makes you money, by all means...go for it.
What I am faulting is your screwed up personality flaws. For some reason you seem to be uable to coexist with people who successfully trade different styles.
With the euro moving 100 pips per day, anyone can guarantee a 30 pip move as you say. And only an amateur trades without stops. You don't have the experience to know how ignorant that is. However, you'll find out one day...and you'll remember my postings...I PROMISE. LOL
Oh...I can understand how you do it. It's called technical analysis. How is that using technical analysis you ask? I'm king of getting tired of having to explain that to you. Please see my previous posts as a reference.
As your education progresses, you'll learn that drawing lines, using moving averages, "squigglies", clouds, fibs, etc. are all ways to determine support/resistance.
I don't use an RSI. However, by using a stochastics, people who know how to read that particular indicator on a more advanced level can predict support bounces, resistance breakouts, and reversals with some success.
As for the euro breaking out today...you mentioned that a week ago. You also had to spend a boatload of time (according to a previous post made by you) sorting through your fundamental data to make that amazing prediction.
As for me, I simply set a limit order on either side of the potential breakout which took about 30 seconds after determining support/resistance (another 30 seconds). I spend about 1 hour per day between stocks, options, and forex (about 15 minutes on forex). And I didn't have to sit around with my thumb in the air, and my money tied up for a week...waiting on your amazing breakout prediction to come true. I simply woke up this morning and I was IN.
I'll tell you what Lava...let me answer that for you. Perhaps when you're done reading, maybe you can explain how you're doing fundamental analysis using charts.
Some quotes from your previous posts:
Patterns play a major role in my trading style.
http://www.investorshub.com/boards/read_msg.asp?message_id=15952029
Yes, patterns play a strong secondary role in the moves I make... http://www.investorshub.com/boards/read_msg.asp?message_id=15952029
...I can draw a trendline to determine the top/resistance or the bottom/support. http://www.investorshub.com/boards/read_msg.asp?message_id=15948774
I make my scalps, going long and short, based on market patterns. http://www.investorshub.com/boards/read_msg.asp?message_id=15854843
I use a 1-minute, 24-hour candlestick chart and I use it to determine when it's hitting support and resistance in a sideways pattern. http://www.investorshub.com/boards/read_msg.asp?message_id=15854843
OK...so tell me...how did you make that call 10 minutes before it happened? You want credibility? Explain it.
Keep subscribing to that analysis website. Another 6 or 8 months of being told what's likely to happen and you may very well learn something. It took me awhile to figure out why you can't explain how you make trading decisions. Stupid ol' me. I never thought of the obvious. Heck Lava...you may make decent trader someday. Let me know if there's anything I can teach you to move you along.
I try to stay away from margin calls as much as possible. LOL
Memoranda of understanding? LOL
Let's see how this works out. We still have a bit of time to go before we find anything out for sure. Here's to hoping.
I like it.
If you get a good entry, you should be able to set your stop loss at break even, and really load up on the trade. You may only be right 30% of the time, but when you're right, you make a killing.
I JUST started toying with this approach. Maybe we can work together on experimenting.
Brother Glance....very good post. I agree 100%. What's nice about this board is the folks here have little need for self aggrandizement. Just a pretty good bunch of folks for the most part. There seems to be very little ego here...or the need to put others down fo differences in trading style. Great job on making a great message board.
The Euro finally broke up through the 38% fib line. I woke up this morning and was in the trade. Next stop is 3296 (this is the highest probability.)
It's nice to have technical confirmation on entries so my capital isn't just sitting there for 1 to 2 weeks doing absolutely nothing. Fundamentals are great, and I believe they're a vital part of investing, but they suck for timing trades.
Have a good one Dr. Glance.
So that's an actual photograph in your post?
Sorry excel. I didn't mean to have a laugh at your expense. I was mainly laughing at groove. Sometimes the timing of his comments are hilarious.
Those are actually some nice looking fish.
PS- Are you sure you couldn't just put one of those bubbling treasure chests in there at least?
Or maybe even just a plastic plant? LOL
Buy Low- There's one major difference between goldrusher...and the person that yells fire in the theatre.
The person yelling fire knowingly deceives people into believing something that is not true, knowing all the while that he's lying.
Goldrusher is nowhere near that category. And quite frankly, I wouldn't be completely surprised if he turns out to be right, even though the circumstances seem to perhaps point towards the possibility that he's wrong.
As for me, I'm in a unique situation that I don't feel compelled to invest until I receive confirmation on a definite timeline and also definite revenues.
Hey Buy Low. Don't get your pantiess too wrapped up in a wad. He was just a little drunk from the Guinness.
Your response is exactly what he was looking for by making that post. I guess he got you. Of course he's full of it. You have to admit, though, that he is kinda funny.
Maybe you should go and get yourself a guinness. LOL
Actually, there's no doubt in my mind (well..ok VERY LITTLE doubt) that they have a decent enough product concept. However, there's quite a ways to go from here. Let's see what they can do and how long it takes them. Competence is the main question now.
In my opinion, Ray should step down if his usefulness is over.
Our employer is calling a special emergency meeting this morning. If we bashers can't come up with some sort of retort to this latest release, they've threatened to fire us one by one until we do. I guess I can't really blame them as that's why we get paid.
Yeah...things did get a bit dysfunctional today, didn't they? LOL
My apologies to the message board community. I allowed mister lava to get under my skin once again. I guess that's one of my downfalls is I have a low tolerance for self aggrandizement, and the belittling of others' trading style.
I'm going to place mister lava on ignore. Please don't tell me if he is out of line again in the future. I don't want to get wrapped up in it. Thanks.
No worries Brother Pick. You're a good guy.
Mathematically there is absolutely NO difference. However, mathematics and mechanics are only about 20% of this game. PSYCHOLIGALLY there is a HUGE difference between $5,000 and $5,000,000.
If you're willing to take a HUGE draw down on your account when you have a losing trade, then by all means trade 20% of your account no matter the size.
However, those people who make it to the HUGE accounts and KEEP them are those who manage their risk PRUDENTLY. It's impossible for you to see my point because you simply do NOT have the experience.
By the way...if you make a good entry, then you're able to set your stop losses properly, and stop hunting is not an issue.
YOU started with the attacks. Go back and read your post and see if you can deny.
By the way...I'll let my investor acquaintances know that they're amateurs for setting a stop loss. They'll get a kick out of that. If earning six and seven figures in the markets on a yearly basis is amateurish, then I guess I have no interest in your "professional" style of trading. LOL at you.
So what you're saying is that price support is not a technical level of support? Is that fundamental analysis then? What type of analysis would that be?
You made my point beautifully. Thank you.
When you graduate from amateur status, you'll see that it's not about what you make (139%). It's ALL about how much you're risking to make those gains.
Let's play make believe for a moment. Let's say you have a little over $700,000 in an account. You invest in stocks, options, bond futures, and currencies.
Let's also say you have as part of your trading strategy a trade that allows for you to make an entry on a break of support. If I risk 1 pip for every 4 pips I stand to gain...and I do that on a consistent basis...and I'm right 60% of the time...then I have KNOWN risk, and a known result...and that's because I have a VERY VERY specific strategy that delivers CONSISTENTLY.
When you get to a point in your trading that you have that $700,000, and your strategy allows you to risk 3% of your portfolio, that's $21,000.
However, if you don't set a stop loss, then your risk is UNLIMITED unless you plan to sit and watch it all day long.
I'm not willing to risk $75,000 (or whatever the unlimited amount which is unknown based on no stop loss) on a trade where I only stand to gain $84,000. THAT is what I'm talking about.
My point is this. You come onto this board and criticize MY trading strategy, and say it's not viable. You also pat yourself on the back at MY expense with your comments. Apparently, you don't like technical analysis. That's OK. I have no problem with that. However, for you to come in here and proclaim that YOUR style is the ONLY way to make money is arrogant to say the least.
Just because you don't fully understand something doesn't make it useless. I can GUARANTEE that your return is better than my return. However, my returns have been VERY consistent and profitable. I'm not a get rich quicker. My main concern is in keeping what I have accumulated. If you're consistent enough, you'll get to that point someday and will understand my point here.
Risking one million dollars on a single trade is ludicrous unless you have 10's of millions in your account.
Please dispense with the veiled personal attacks on others' trading styles. It only serves to reveal your amateurish ways.
As for me...I don't have anymore time to waste here with you.
In fact, you bring a feeling to this board this is unwelcoming. I do not plan to associate myself with the likes of you any longer as you have the type of self destructive mentality that is NOT conducive to balanced success. As far as I'm concerned, I'm done here.
Go ahead and take the last word.