Replies to post #31 on 200 Trades to $1,000,000

[maknak]

Ouch ouch ouch.... I'm not quite sure I understand what happened to SLJB yet (can it be explained it a few lines ?) Seems to me things were going well until yesterday...

As you know, I lost a similar amount (6k$) on ATWT when I decided to cut my loss. Maybe it'll go back up, who knows, who knows.... that's the problem, nobody knows wtf is happening in the pink sheets world.

As someone said on hsm, it's crazy to "invest" in pinks, short term holding (a few hours) for small amount (<5k$) in stocks with volume is the only way to make money in a *consistant* manner... yet sometime you can make very big profits by camping..

I started to trade options which can get similar returns, with small amount at the moment. At least, it's very liquid.

I'm also looking at API trading (where you let the computer do all the trading for you). I'm a programmer so I'm currently doing a project on this, for the moment it only paper trades (but it's looking good!).

In any case, I'm personnaly hoping to get to 1M$ by the end of 2007... but I will make way more than 200 trades! (Some days I do >30 trades...)

I'd recommend taking a look at "The Misbehavior of Markets, A Fractal View of Risk, Ruin, and Reward"
http://www.math.yale.edu/mandelbrot/web_pdfs/getabstract.pdf

GLTY

[raguse8706]

metro I'm also coming from the SLJB board. I really like your idea and I would like to follow you when you get it going. The March start will probably work out better for me too after the Sulja disaster, I wish I only dropped 6000 but unfortunately I'm left trying to average down and hopefully not catching a falling knife. I don't know about you, but I am letting my Sulja holdings ride good or bad.

On the issue of allowing pink sheet stocks, I don't think they would be bad for the 200 trade deal. Getting in and taking a 3.4% gain would probably help you stay away from getting hit with the pump and dump as you would only be in for a very short time. I broke my rules with Sulja and didn't get out when I was up 130%.