Rorer714 said:win333 said:At this point if the DOW was to break below 8000 (even by a few thousand points) it would atleast run back up to this level.Did you really mean to say a few thousand?

These are SERIOUS TIMES, no time to play!

I think this is pretty much the markets LAST CHANCE to save itself IMHO. All this talk of the GOV. bailouts is much more serious than most could imagine.

Japan thought giving the bank CASH would FIX the problem in the 90's, then they ended up infusing 8 times more cash than the 1st time and They still arent fixed and they're market is still down almost 80%.

Since 1996 there has been a trading orgy on wallstreet and this is just how it ends, no big surprise! Last time I checked, not even Congress can repeal the business cycle.

Like I said, I started nibbling at 891 on the S&Ps and i'm giving it a chance to start a new bull market. But I won't hold those S&Ps if the market returns to the 891 level.

If the market goes up from here and gets CALM and Boring, then it has a chance. If the volatility keeps up, then it means we're in trouble.

When the head of the FED talks about a depression, everyone should realize HE CAN'T STOP IT! He is scared to death right now, but his little mind still thinks he knows the rules and what to do about it. What he doesn't realize is, when the banks leveraged themselves at 40:1 we were living on borrowed time.

It's not just that cut and dry and I can be off a little while, but if the market does break a few thousand more points, trust me it's because they are lying to us and hiding the real facts.

Just think, the european banks are supposed to be in worse shape than ours.

Rorer714 said:The reason I asked was because if you believe it can drop 2K from 8K the possibly it will make it back to 8K is slim to none. We should trade with each other and save the commission. I am opposite you right now. At least one of us will be right.

you have to remember, i'm posting on a message board (my ABSOLUTE opinions change almost by the minute)

The last drop was from 12K to 8K, then rocket to 10K. If this market was to drop from 10K to 6K 50% retracement back to 8K would just be normal.

So your short?

Even 1929 had a 50% rally of the entire drop from 400 to 200. 14K to 7K and back to 10.5K would be the same thing.

Really I don't even like trading this market, it gets to fast for me.

That's pretty good. How many contracts do you trade a month? Who is the broker?

Update

Ho hum, just another week!

I had a ruff start last week but then came back with a BANG!

My best gain so far is 76% or 167,000 in a single night! I'm now up 1320% since I started back in May or $660,000.

I see most people trying to fix their financial mess with the income they have, then they give up.

Alot of FWFers think i'm bragging, but if you've read my threads from the begining you might see that there is another way to look at things.

I could be CRYING in my soup! But I chose to fight! I have 2 million worth of subprime mortgages and no job! AND I lost money every month since I started working for myself 3 years ago.

My ANSWER was FWF and trading, your answer will be something different BUT THERE IS ALWAYS AN ANSWER.

I'm a big Matrix fan! If your familiar with the movie, you know what being unplugged is.

I started working for for $2.85 per hour when I was 15. I knew the rules, work hard and get a good job (I didn't need college). I went to $5.00 per hour, then up to $29.00 per hour about 20 YEARS later. $29.00 is nothin, but it sounds good (if you live in OUR SYSTEM).

I've been thinking of it as being UNPLUGGED from this SYSTEM, we all hear about CEOs making 5,000 or 100,000 per hour but we could only dream of making that much ourselves. THEY ARE UNPLUGGED!

We've all been jaded, we think we knew the rules and built our lives by those rules. 40 hour work week, retire at age 65 or maybe 55 (if your lucky).

The rules are what WE make them, WE don't have to live within this system and I assume the CEOs have figured this out!

I can't explain everything here, but maybe someone will look at their life a little bit differently.

A good pay check, is NEVER AS GOOD AS A LOSING BUSINESS!

Ofcourse owning your own profitable business should be the GOAL. IMHO

Good Luck!

shura7400 said:So, what's with your idea to get enough FW enthusiasts/ AOR-professionals and get a company?
NOW it seems the time to buy a company, not just SOME stocks and wait, what happens.
I would never give my money to someone, but put my money and control, what is happening - is totally different stuff.
I am @ 10-14% annual in foreign banks, fairly guarantied, in tiny portions (to min the risks)
What are you up to? No offense, but it feels like you are always on a border: loose-gain OR you really KNOW your stuff, but have no life otherwise

The buy a company thing was more to try to get people to realize what is possible, talking to my wall is more fun!

10 - 14% in foreign currencies? You have more at risk than you think! When the world enters into a recession our Dollar starts a bull market.... Most Currencies are -20 to 40% in the last few months.

Always on a border?

As to my life, i've been making up for being married for 14 years (mission accomplished).

But if you really must know, I thought i'd take the rest of the week off and take my ex girlfriend out to dinner. When I got home I started watching the market, I thought oh what the hell. I placed a few trades and 6 hours later I was up 71,000 or 17% of tonights account balance. That makes a total of 740,000 or 1,480% in the last 6 months.

Oh and this weekend my children are coming over and just for the hell of it I'm gonna buy my son a ps3 and play video games all weekend. I can also pay them now for their hard earned A's and B's, my daughter gets straight A's and my Son gets B's (junior).

Sounds like a wonderful life to me!

Oh almost forgot, I treat my employee's like partners so they'll be getting a nice bonus from my trading.

Is there something i'm missing?

BTW, you show your gains.
But I just do not see anyone doing this without any losses...

shura7400 said:BTW, you show your gains.
But I just do not see anyone doing this without any losses...

Losses, within reason are a "state of mind" and should be looked at as temporary.

Ofcourse I have losses, my portfolio may swing + or - minus 10% to 20% on my WORSTE days, it depends how I feel. But I can go weeks without taking a loss and I can have gains of 100% or more in a single day.

Everyone seems to think that i'm here showing off, that couldn't be further from the truth! Why would I need to show off to a bunch of faceless posters on a website?

People use to think the world was flat and that man couldn't fly! Well people still think that the market CAN NOT BE TIMED!

I think I am proof that the markets can be timed and if it can be done, then others will look at the markets differently. I don't need to give anyone my answer to the markets, just knowing there is an answer is all that should be needed.

Mr Ford sr. said "If you think your right, you'll be right and if you think your wrong, you'll be right". What I get from that is, if you think your right you'll never give up and you'll find what your looking for. But if you think something can't be done, you won't keep looking for an answer.

Some have asked me to tell them my SECRET, as if A + B *(c+2)=D could be the secret answer.

There are atleast 100 ways to do what I do, really the most important thing is believing it can be done.

Back to why would I even be here on FWF anymore? When I 1st came here I needed help and the information here helped me, now I hope to return the favor.

My suggestion to people who want to learn would be:

Elliot wave principle "key to market behavior", Amazon.com has it. (that book is a must!)
All of Richard Ney's books, The wallstreet jungle and others.
Any books you can find on technical analysis will be helpful.

The only other thing I can come up with is to trade for people who don't want to do it themselves. Most people will think "so I can make money" But that isn't why I would trade for ANYONE! Heck, do the math 1,500% per year is way more than anyone needs. $1.00 into 1,000,000 in 5 years at that rate of return and I can do more than 1500% for myself. Ofcourse size will become a problem but i'll figure something out.

My attorney is working on all the legal stuff to opening a fund as we speak.

Well I thought since it's the end of the year it would be a good time for an update. I start my vacation Sunday so I've stopped trading for the rest of the year.

Since I started trading in May my account has gone from 50,000 to 947,000 or about 1900%, I've taken out 230,000 I haven't tried to figure out what my return would've been had I not withdrawn any money. Since I need a track record I'll need to figure that out but my best guess is atleast 2500% gain if it was looked at like a portfolio.

Some might wounder what a gain like that looks like monthly, so I tried to figure it out a little. I plan on getting an accountant or someone to certify the returns. Not sure who yet but they'll have to have a good name after the last ponzi scheme.

May and june +132% (some how I combined the 2 months)
July +63%
Aug +13.8%
Sept. +45%
Oct +250%
Nov -1.5%
Dec +39%

I got the numbers from my end of month statements, So don't think I don't have losses. My largest loss in a day is about 25%, but I'm usually up 5% or 10% the few times it's happened. I have had 2 bad days in a row (-25%) once, I got careless after the up 250% in Oct. but I was able to make it back quickly. A 50% drawdown in 2 days is enough to make you sick.

1 down month trading 100% of my portfolio daily in futures, not bad at all. But it's funny, looking at the monthly numbers just amazes me really how simple this is. I make 10% to 20% per day very often but then lose some back because I'm trying to make THE BIG KILL. what a waste of time, i've finally figured out that if you make 5% per day after a few months the calculater goes to E!

So my newest venture is to make 5% a day on 717,000, I can't wait to see the E.

Merry Christmas to everyone and thanks for all your help

Why not trade one more day to get to a cool million?

JHR1001 said:I'd LOVE to see a trading log. 1900% Since may of this year?
it is possible if he bought put options with expiration in a second half of the year and/or sold short + bought calls with proceeds; I can't brag like win333 but past 4 months was a heaven for me and anyone else following this strategy