moar? of this plz By: metalgamer1186. on 12 Mar 12, 13:18:33 moar? of this plz
Thx Ned. Good to ... By: TheRonDoe. on 12 Mar 12, 11:40:49 Thx Ned. Good to hear? from you.
No prob. In fact ... By: TheRonDoe. on 12 Mar 12, 11:37:43 No prob. In fact I'll post it? right here. watch?v=lcGJcv25yYU
can you send me? ... By: lizadfuel. on 12 Mar 12, 06:55:38 can you send me? the link too?
Nice? one Ronny!!! By: nedbeaty72. on 12 Mar 12, 03:41:16 Nice? one Ronny!!!
I've seen him at a ... By: heckler73. on 12 Mar 12, 01:49:29 I've seen him at a couple conferences. I don't subscribe to half of what he believes, but I always find him? entertaining and thought provoking. Thx again...
Thx man. Good to ... By: TheRonDoe. on 12 Mar 12, 00:35:58 Thx man. Good to see you around!?
Very? nice By: cosmosgato. on 12 Mar 12, 00:20:49 Very? nice
Link sent.
I ... By: TheRonDoe. on 11 Mar 12, 23:52:31 Link sent.
I intentionally did not show names, companies or other specifics in an attempt to keep? the floor apolitical. Given his actual topic it was tough to slice as you can and will see.
That was pretty ... By: heckler73. on 11 Mar 12, 23:17:21 That was pretty good. Was that from? PDAC? Or some other symposium Rick Rule was at?
Think about it. Stop paying these YT Trading Guru's. You know this one trade kicked the shit out of anything you paid them to toss your dart at, and with a whole lot less risk too.
Trade smarter.
Yeah I saw that. I ... By: TheRonDoe. on 09 Mar 12, 04:58:56 Yeah I saw that. I was just getting into his new thinking, which should have been his old thinking. It would have saved him a few bucks on? the silver-slide last year.
rawdog dumped his? ... By: Lefty12141. on 09 Mar 12, 04:56:11 rawdog dumped his? channel again
@Humble lol, I ... By: TheRonDoe. on 16 Jan 12, 04:37:12 @Humble lol, I almost shat myself when I heard? him say that. I mean, what type of complete fool comes out publicly and says such a foolish thing like "I'm going to try and earn a 100% return in 1 year". Had I not heard him say it myself I would not have believed it.
I guess it's safe ... By: HumbleTrader001. on 16 Jan 12, 04:14:37 I guess it's safe bet that you-know-who did not meet his goal of achieving a 100% return on his 25K account in 2011 from daytrading. If he really? could pull in 0.5% a day from daytrading, and compound it, he would never need to bother with paid subscribers, ever. If it were that easy, nobody would ever have to get a job and work for a living. :-)
Yeah, wasn't he ... By: nedbeaty72. on 16 Jan 12, 03:05:36 Yeah, wasn't he going to double his prices as well lol. He's extremely confused, he now has re-opened his swing trade service and is making silver oriented videos again. I haven't heard a thing about day trading for ages, he should re-open? his free room lol, he might actually get a few customers that way!!
@ned Ah OK. I ... By: TheRonDoe. on 16 Jan 12, 01:11:47 @ned Ah OK. I wasn't sure if that was all it was. He hyped it up a lot more than what those guys look to be. I guess that is not surprising.?
I think it was that ... By: nedbeaty72. on 16 Jan 12, 00:37:18 I think it was that metastock? thing he put out a while back. They pulled it down pretty quick though so I don't think it was succesful.
@Metalgamer and? ... By: TheRonDoe. on 15 Jan 12, 20:44:32 @Metalgamer and? thank you for the support.
stupid cowboys like ... By: metalgamer1186. on 15 Jan 12, 20:29:49 stupid cowboys like don harrold will never? make it without an understanding the power of risk/reward instead of making n00bish mistakes. Also how can a person expect to make money day trading if he cant make money swing trading with a small account or any type of trading situations...idiocy knows no bounds, thanks for keeping guy like ole donny boy accountable
@Ned His paper ... By: TheRonDoe. on 15 Jan 12, 15:49:39 @Ned His paper trading account is doing surprisingly well ;-) lol So did anyone ever find out who this mystery company was that he was? supposed to be joining with, got to? More Leroy nonsense?
Well done Ron, I ... By: nedbeaty72. on 15 Jan 12, 05:26:47 Well done Ron, I wonder why Old Leroy doesn't? show us his past performance??
Making a no-risk return selling short-term expensive time, in context of how we buy cheaper longer-term time while waiting for a favorable move.
Rinse and repeat.
@nedbeaty72 yeah ... By: TheRonDoe. on 08 Jan 12, 15:45:43 @nedbeaty72 yeah I've seen them. I wonder what happened to the 'you guys win, I'm gone', and 'I wish i had never started on YT' stuff, lol.
You just knew he was coming back. He's got nothing else he can do but try to pedal his? bullshit for a few pennies a day. I wonder if he got booted from his house yet. From what he said it was coming close to that. He's blaming everyone else again for him signing his own name to the dotted line. He 'wasn't smart enough then' so he says, lol.
Go Ronnie!! Have ... By: nedbeaty72. on 08 Jan 12, 11:30:34 Go Ronnie!! Have you checked out Leroy's channel? lately?? He's made 10 videos in the blink of an eye, that clown can't stay away!!
SDS SSO Arbitrage Trade Continues.
This trade should appeal to the "paper is junk" crowd. You can make money in an up market while being short all the paper you want, lol.
Yeah it's pretty ... By: TheRonDoe. on 31 Dec 11, 14:32:11 Yeah it's pretty fuzzy. Blue-Linear is1.034x - 63.958 and Green (don't forget a bit of bad data to be sure) 0.616x - 29.794
You can probably note that the green data is exponential too. As I mentioned about the 'fix', I broke down and made a database with date error checks, so the "new" green 2nd order poly is 0.0028x^2 + 0.0298x + 0.0893 with R^2 of 0.9961
A straight-up linear of the new green data is 0.6329x - 31969 with R^2? 0.9895. Still a decent fit.
I'm off!
Thanx for that.
So ... By: heckler73. on 31 Dec 11, 05:14:04 Thanx for that.
So the derivative is 0.00104x - 0.2206
What are the linear equations you had for the blue and green? (sorry, I can't see? them even at 720)
Yes, visually that ... By: TheRonDoe. on 31 Dec 11, 04:46:01 Yes, visually that is clear.
A 2nd order on the Red has an equation of .00052x^2 - 0.2206x + 5.2631 with a beauty R^2 0.9988
The turning points would only be obvious after the fact ;-)
There's a few green BIG-TIME outliers too,...........those are BAD data. I found it out but didn't bother to fix it because I was more interested in making money. Since? then, and in fact only recently I have been making moves to eliminate this bad data - but that's for another video!
I noticed on the ... By: heckler73. on 31 Dec 11, 04:27:22 I noticed on the regression charts, during the up-swings (blue and green) the scatterplots are linear, but the red one is exponential... looking at the relationships, it becomes obvious that the "turning points" are the 1st order derivative of the "crash plot"!
Try replotting the red data using a 2nd order polynomial for the regression, and? let me know what it is, if you wouldn't mind.
I also do better ... By: HumbleTrader001. on 27 Dec 11, 03:20:51 I also do better selling index ETF put options for premium than with futures. I keep the position sizes small enough so that I could handle being assigned, but usually I can work out of a bad trade by just roll the contracts over to the next month. I'd rather sell a smaller amount naked (actually cash covered) puts on, say, SPY , and limit risk? with small size, than mess around with bigger vertical put spreads that are harder to get executions and are harder to roll.
I get the feeling ... By: TheRonDoe. on 27 Dec 11, 02:59:30 I get the feeling that 2012 will be easier than 2011 for most. Either way as always, it will? be fun.
lol, I can't ... By: TheRonDoe. on 27 Dec 11, 02:55:43 lol, I can't believe I just admitted that publicly. lol But hey, it's the truth and it's done maybe once every year? to year-and-a-half. We just came through it, I'm profitable, and I'm gone!
I'd much rather do trades like the one shown here. Hands down.
I agree. Futures ... By: TheRonDoe. on 27 Dec 11, 02:52:15 I agree. Futures are not my bag. I probably won't trade them again until the next huge beat-down. Since I will happily swing trade them I enforce a? 1-initial contract rule to allow for a huge point-loss/swing that doesn't lose me more than a 0.5%-1.0% portfolio amount. Doing this easily allows me wiggle room to make it tough to take a loss during these times of large swings. It just so goes against my 'style' however. It's like being a baby martingaler lol.
Thanks! It will be ... By: HumbleTrader001. on 27 Dec 11, 02:50:31 Thanks! It will be interesting to see whether I can remain profitable next year. There were still a bunch of crazy situations this year (with futures in particular) in which? I'm lucky to have recovered.
lol, if my main ... By: TheRonDoe. on 27 Dec 11, 02:31:45 lol, if my main account was like? my futures trading I would have easily had the best year of my life - go figure! lol. 195 points since August. I think that's more than the market moved from trough to peak lol. Sometimes I get lucky, but I must say I do love a beaten-down market to play futures. Just gotta stay small enough with that stuff. That being said. I am done with the futures for a while - Unless we tank badly!
Congrats on a good year "H".
For what it's worth ... By: HumbleTrader001. on 27 Dec 11, 02:31:21 For what it's worth, From the fall of 2009 to the fall of 2010 a hot-shot futures trader tried to help me out (after I lost money in RH's room) and I only wound up losing money trying to trade like the hot-shot futures trader. He's primarily a short-seller (with futures of all things) and it? was the absolute worst type of trading for me to get involved with. He's a great scalper and probably has balls of steel, but I have to wonder if he's really profitable in the long haul.
I gots me more ... By: TheRonDoe. on 27 Dec 11, 02:27:37 I gots me more stuff in my bag-o-tricks too. When I get a little further on with the studies I will certainly let you know if I find anything more than just? smoke.
It's a lonely world out there crawling around in the weeds, not knowing exactly what you're looking for, lol.
I'm spending most of my Xmas vacation migrating my data to a Database (that I am making) in order to gain the ability to have a more robust method of crunching and manipulating it all.
I'm profitable for? ... By: HumbleTrader001. on 27 Dec 11, 02:23:05 I'm profitable for? the year in trading. Not enough to make a living at it yet, but hopefully I've been gradually learning not to make the same dumb mistakes that I made in 2009-2010 (like trading with too much size/leverage, and shorting the market way too much.) The only account that is still down is a futures-only account (surprise surprise!) but the other accounts more than make up for the loss. I'm tempted to close the futures-only account since I seem to do better without futures.
" I just knew that ... By: cosmosgato. on 27 Dec 11, 02:16:10 " I just knew that this stuff has slippage "
I'm not? impressed easily but now I'm impressed.
You got me thinking!
OUTSTANDING!
@cosmos Beats me ... By: TheRonDoe. on 27 Dec 11, 02:07:45 @cosmos Beats me dude. I just knew that this stuff has slippage - and I went from there. I have? been ridiculously lazy with it too - since I have known this for years, yet never got off of my ass to look at it until I knew we were crashing in September when I knew that this type of trade could be applied. I figured then it was time to take a better look at it.
The SPY-SSO Correlation chart was an accidental find at the beginning of this journey, giving me proof of my hypothesis.
Never mind. I ask ... By: cosmosgato. on 27 Dec 11, 02:04:56 Never mind. I ask the above before? the end of the video.
What? made you even ... By: cosmosgato. on 27 Dec 11, 02:00:41 What? made you even think of this?
It gets better bro. ... By: TheRonDoe. on 27 Dec 11, 01:26:35 It gets better bro. I have uploaded the next update but YT is screwing up tonight and something is not working correctly.
For the record,? the cost to borrow is about 3% - on a declining balance as I gain..
Skee-daddy.
FREAK'IN? INGENIOUS! By: cosmosgato. on 27 Dec 11, 01:08:25 FREAK'IN? INGENIOUS!
Just checked on the ... By: TheRonDoe. on 02 Nov 11, 22:53:22 Just checked on the LNKD for a chuckle. I knew it was pricey - you don't want to stick around too long with that one.? 18% costs :-) Oddly, DXD and DDM are more costly in every way. The IWM I had short for months was only about 1.5% - pretty cheap.
I should ad however ... By: TheRonDoe. on 02 Nov 11, 22:32:08 I should ad however that any costs I do incur get added to the 'adjustments' table. IE dividend payments etc. I thought I'd get out X-div and then? back in to the trade but I'll probably just pay it so I don't get hacked-up trying to get back in. The cost would be less most likely, ditto for the aggravation.
@H That stuff is ... By: TheRonDoe. on 02 Nov 11, 22:29:24 @H That stuff is not factored into the charts, nor is the cost of any dividends that I have to pay - which fortunately is next to nil, and also why you'd? do better doing it with SDS/SSO and not DDM/DXD for example. I have checked into the short-costs at my end on IB's schedule and it doesn't amount to much from what I can tell.
I meant to call and ask them a few months ago when I was hitting LNKD short but I never got around to it and I was out of the trade before the thought came up again.
Are borrowing costs ... By: HumbleTrader001. on 02 Nov 11, 22:00:14 Are borrowing costs factored in? I've shorted QID, and the borrowing costs kept? varying from, say 2.5% per year to something crazy like 8%.
Thanks, and yes ... By: TheRonDoe. on 26 Dec 11, 21:45:24 Thanks, and yes that is my plan. An update is forthcoming very soon.
We are killing? the S&P too ;-)
This is a damn fine trade.
WTF?
This never ... By: cosmosgato. on 26 Dec 11, 00:06:48 WTF?
This never showed up in my queue.
Anyway...
If not mistaken you're? customizing and adjusting your leverage.
By doing so you seek not only to outperform the S&P but do so with less volatility.
If you can keep it up, very impressive!
lol yes. That is ... By: TheRonDoe. on 17 Oct 11, 03:12:57 lol yes. That is one thing I heard from the tape that I recall. He said more than once he was smarter than most people, or something like that :-)
I wonder when all that smart is going to manifest itself. It could be? a scary situation.
Perhaps he believes ... By: HumbleTrader001. on 17 Oct 11, 02:56:11 Perhaps he believes he's smarter than the? market and the market is never right! :-)
@H I don't recall. ... By: TheRonDoe. on 17 Oct 11, 02:38:59 @H I don't recall. I didn't hear the whole show. It would not surprise me as he's been trying? to fade this 9-Day Juggernaut since day 2!
I can't imagine what it would be like to be going the wrong way, every day. It must be a nail-biting, ulcer-causing way of living.
What exactly about seeing what he's doing wrong on a daily basis does that jack-clown not get? Has he not realized that making the opposite move on most of his trades, the first time in, would be a better deal by far?
I wouldn't be ... By: HumbleTrader001. on 17 Oct 11, 02:11:56 I wouldn't be surprised if this Sunday ramp comes off by tomorrow, but God help anyone who? held short if it doesn't. :-)
certain guru, that ... By: HumbleTrader001. on 17 Oct 11, 02:11:16 certain guru, that is.?
Did I hear ... By: HumbleTrader001. on 17 Oct 11, 02:11:03 Did I hear correctly on Friday? that a certain was advocating holding short over the weekend before leaving at 2:30 or 3pm on Friday?
@Humble either way ... By: TheRonDoe. on 08 Oct 11, 17:24:26 @Humble either way Phil likely doesn't even makes the trades he's claiming his clientele are making money off of, and to top it all off, Phil will report his clientele all did the right thiings at the? right time and made money both ways.
Now, actually ask his customers that are continuously calling in and claiming otherwise and you'll hear Phil telling them they weren't listening and it is their own fault.
All of that begs the question, if it was so easy, why doesn't Phil just make the calls.
Good point. Did ... By: HumbleTrader001. on 08 Oct 11, 17:13:09 Good point. Did they get stopped after they went long in the upper-mid 1100s a month ago, or did they ride it? all the way back down to sub-1100 without a stop (hold and pray) and then got lucky due to the "power of prayer" ? Who knows?
Yes sir. That's ... By: TheRonDoe. on 08 Oct 11, 12:46:02 Yes sir. That's Phil in a nutshell. I recall him saying that if the SPX broke 1100 that they'd just go short. He always says? that, but once the time comes he says down go short, go long. Well OK, but what do you do with the long shares he said you should be buying as you were going to "miss" the rally from 4 weeks ago?
Of course there's that nagging problem he seems to always have. He never makes calls of stocks he's buying or shorting with his 25 sh power system, lol.
I guess he took the ... By: TheRonDoe. on 05 Oct 11, 20:50:55 I guess he took the annual payment plan for his domain name, lmao.
That's about as big of a deal as that ass-hat? will ever make.
The daytrading guru ... By: HumbleTrader001. on 05 Oct 11, 18:29:18 The daytrading guru says he's in? negotiations with some big internet organization and likely about to finalize the deal.
People need to ... By: TheRonDoe. on 05 Oct 11, 15:54:52 People need to learn that making money being 'right' is a? losing game.
Once people figure out that making money in the long run doesn't correlate with the amount of times they are right.
My problem with ... By: TheRonDoe. on 05 Oct 11, 15:53:52 My problem with Phil Grande is as simple as it gets.
He doesn't make any concrete calls, either with his 25 sh power system or otherwise. He is full of shit, with the proof being he doesn't show any trades. He has no provable results.
That is really all anyone needs to know. If he could show favorable calls over the long run, he would. He can't because he is a? lying hack, just like Don Harrold.
People need to know these asshats are no better than their customers.
I would not have a ... By: HumbleTrader001. on 05 Oct 11, 13:31:44 I would not have a problem with P.G. having changed his mind based on what the market did, if he would simply admit that he was "short and wrong" earlier. Instead, he's pretending, AFTER THE FACT, that he already told? his gang members to buy stocks in the morning when he was obviously short and expecting the market to keep going lower based on his comments at beginning of the show.
...and it wasn't ... By: HumbleTrader001. on 05 Oct 11, 13:31:23 ...and it wasn't until 37 minutes into the show (when market was approaching 1100) that he starts predicting short-covering rally & saying they're gonna come in & pump this market up for a few days. Easy to say that AFTER shorts (including gang members) already were getting their heads handed to them & SPX was already 30 above the low. He never said anything about a short-covering rally at the beginning of the show. He? was just talking about the market going lower. LOL!
I'm listening even ... By: HumbleTrader001. on 05 Oct 11, 05:06:25 I'm listening even further toward the very end, and P.G. is saying "we went shopping this morning" and he's going on and on about how his gang members bought a bunch of stocks this morning. It's funny how he said absolutely nothing about going? long anything at the beginning of the show when SPX was trading 40 points lower. LMFAO!
I'm listening to ... By: HumbleTrader001. on 05 Oct 11, 05:00:55 I'm listening to the playback of P.G.'s show right now. Since show is 3-4 EST, I wanted to see if he reacted to the massive reversal we got. At the beginning of the show, he bragged about he told everyone to short yesterday on a breakdown below the low of year,? and he's talking about an eventual Dow 6500. By the end of the show, he's bragging how he told people to buy some individual stocks in the morning, and we could be getting a V-shaped SPX recovery. LOL!
Part 2
Kelly Betting Video 1: http://www.youtube.c om/watch?v=jaZvVr7Jt HA&feature=channel_v ideo_title
Kelly Betting Video 2: http://www.youtube.c om/watch?v=jpVRvjFiB Ek&feature=related
I haven't tuned ... By: HumbleTrader001. on 01 Oct 11, 00:14:28 I haven't tuned into to livestream for a couple? of days. Anything new in paid-guru-land?
I concur.
I also ... By: TheRonDoe. on 29 Sep 11, 17:04:04 I concur.
I also submit that the Covestor thing is nothing but a Red-Herring anyway. There are AMPLE ways of showing your trades. Don in the past has had no problems thrwoing everything up on a callboard that people could see -? just like I did with that BIDU trade video I did. That was his call board and that is how he did it.
That right there is all he needs. Him talking about Covestor is nothing but a sideshow so he can side-step the fact that he can't generate a return.
Well despite Don's ... By: cosmosgato. on 29 Sep 11, 15:20:48 Well despite Don's valiant effort he'll not be able to confirm his results with Covestor. Who saw that coming? I maintain whether Don, Phil or anyone DO NOT PAY ANYONE ON FAITH! Con artist, failed traders and Bozos are forever using? social media CLAIMING to be gurus. Until a PROVEN TRACK RECORD is presented stay away! Stay far away. You are likely dealing with an asshat.
Don't even pay in time. Watching grass grow is time better spent than in room watching a fool trying to trade stocks.
lol, he's the same ... By: TheRonDoe. on 28 Sep 11, 15:57:55 lol, he's the same as Don. Well, Phil is actually less forthcoming about any trades. In fact I suspect since Phil NEVER calls out trades he's in, that he actually doesn't even trade, never mind with his bullshit 25 share power system.
Phil Grande is a complete con-man.
He will? NEVER show trades he's done. NEVER. In that, he's worse than Don.
That being said, Don is a useless, negative expectancy trader who has only ever shown one direction with his own money........ DOWN!
I listened to P.G.' ... By: HumbleTrader001. on 28 Sep 11, 15:21:33 I listened to P.G.'s show a couple of days ago, and he was ranting and raving about how well he's trading the market (likely cherry picking a couple of his ambiguous calls like he usually does). He was telling people who are frustrated with buy and hold stock market investing that they're crazy not to join his services? (as opposed to giving up and investing in 10 year treasuries or CDs and losing purchasing power to inflation). Unreal!...get them all chopped up from his "calls" !
Great! The posses ... By: cosmosgato. on 28 Sep 11, 12:11:07 Great! The posses of Failed Traders/Gurus are feeling the Covestor and other third party heat. Social media was becoming a psychiatric asylum with these nuts.? "Damn I destroyed my account again with my asshat trading method. How can I pay the rent? Wait I'll go to Youtube and pass myself off as a financial genius!"
Thanks man. I've ... By: TheRonDoe. on 28 Sep 11, 11:08:14 Thanks man. I've got a few things to say about day trading coming up. Hopefully by the weekend.
I'd prefer to have a bit better return than 4.4% on this account but given the parameters and market conditions I guess we'll take it. My guess is it is far outperforming most this year. This style in which we trade certainly has superior avg annual returns over the indexes by a wide margin.?
Great video! It's ... By: HumbleTrader001. on 28 Sep 11, 04:25:04 Great video! It's too bad that many (if not most) day traders would likely never settle for, say, a? 4% profit in 8 months even if it outperforms the market, and even if it beats their risky day trading methods over time. They would rather swing for the fences even though the odds are not in their favor.
I'll try and get ... By: TheRonDoe. on 16 Feb 12, 23:44:38 I'll try and get some new stuff up? soon that should fill in the blanks a bit.
unfortunately the ... By: TheRonDoe. on 16 Feb 12, 23:43:49 unfortunately the first pile of vids I did on how and why I trade like I do (Stock + Options as a hedge) have been sent to never-never land as my original channel was shut down by YT because I violated the Terms of Service when I uploaded? some copyrighted info when I outed one of these 'for pay' internet trading shills. I knew it was going to get axed as it was their content, but that's the best way out these clowns - with their own trades as proof.
Very solid ... By: FirstTrades. on 16 Feb 12, 23:05:39 Very solid performance especially in August. I like your trading style. Very effect especially when time is involved. Consistent performance pared with compounding is always a winning strategy. I will check out your? other videos to try to better understand your options strategies.
I'm sure there's ... By: TheRonDoe. on 29 Sep 11, 12:29:06 I'm sure there's some validity in that. I guess you'd have to crunch enough numbers, choose your market and then figure out the proper proportions. From there you could get some expectancies of your P/L. At least if? it failed you could give the precise reason why :-)
For me, that is one step beyond in complexity when trying to isolate the arbitrage. I don't think I would have enough faith in it.
I have a hard enough time believing what I am doing here with my own arb :-)
At some point, I ... By: HumbleTrader001. on 29 Sep 11, 03:18:20 At some point, I wonder if going long some beaten-down European and Asian stock index ETFs while shorting the US stock indices, as a hedge, might make sense? ?
10K USD for as long ... By: TheRonDoe. on 27 Sep 11, 18:31:33 10K USD for as long as I can remember. Good Luck, I hope? they make you happy! I wouldn't use anyone else myself.
Why? don't I use IB ... By: heckler73. on 27 Sep 11, 18:27:00 Why? don't I use IB? Two words can answer that: "Low Funded". HAhahaha
IB requires $100k minimum, no? (or is it $250k?)
Oh wait, I just checked their CDN website... and it's changed... now you only need $10k ???
gawd damn... I think I better look into that... Thanx again !!
Why don't I use IB? ... By: heckler73. on 27 Sep 11, 18:26:38 Why don't I use IB? Two words can answer that: "Low Funded". HAhahaha
IB requires $100k minimum, no? (or is it? $250k?)
Oh wait, I just checked their CDN website... and it's changed... now you only need $10k ??? gawd damn... I think I better look into that... Thanx again !!
Why don't you just ... By: TheRonDoe. on 27 Sep 11, 18:16:56 Why don't you just use IB as your broker? I seem to never have feed problems, they have great commissions, plus their tools available if you're savvy enough to use them, as you are, makes for a formidable set-up.
Call me a lazy trader, but I do? less work now than ever before. Most of the work I do consists of data crunching in Excel which when I've figured out what I want to do given the results of that crunching, makes the actual trading pretty simple.
OH you use IB... ... By: heckler73. on 27 Sep 11, 18:00:52 OH you use IB... that explains part of it... I understand they have templates and DDE feeds to make it easier to export to excel...
I'm trying to figure out how to port the TSX data feeds from my discount brokers into excel... Definitely not a? simple operation... I guess I'll just need to do more research, but thanx for the detail.
That is great you have that ability; it definitely gives you an advantage.
I'm telling you ... By: TheRonDoe. on 27 Sep 11, 17:50:36 I'm telling you dude, it? makes searching for the right combinations to locking stuff in with those stock-put trades a total snap.
Anyway, to your question. LOL.
Here's what I am good at.........
Taking advantage of other people's brains to use it to my benefit.
I used a spreadsheet put out by my broker (IB). That gets the quotes with all the overhead involved out of the way. I didn't lift a finger.
From there, I've got it covered. I can use Excel well enough . :-)
It rocks, dude
Yes, my SpreadSheet ... By: TheRonDoe. on 27 Sep 11, 17:45:54 Yes, my SpreadSheet is connected to my broker feed. It is THE BEST. I'm sure you understand why, since you've already been trying to do it for likely? the same reason I went looking.
The shit you can do and track and manipulate is just amazing.
You guy knows how I use the Stock-Put combo's. Well, I use a spread sheet to alert me to any one or more of several combo's on a trade that I am already in. It will alert me and give me what I need to know - and it's all automatic.
Wait a sec, you ... By: heckler73. on 27 Sep 11, 17:38:56 Wait a sec, you have your SSheet linked into the broker's data-feed? I've been trying to figure out how to do that for a? while, and haven't been able to. (My Comp Sci prof wasn't able to help me either).
Any chance you could make a vid explaining how to do that, or provide a link that does?
He went on all ... By: TheRonDoe. on 02 Sep 11, 20:58:58 He went on all morning about how he had $100K of margin in his account, like he thinks he could do that amount of trades! Yeah, like this dumb-ass is a "pro" but doesn't understand this stuff by his own admission, lol.
He then says "I really don't have $100K then, I have like $500 to work with", well YES? stupid, it's the $25K rule and you HAD $25,500 - idiot!
Not to mention, this dumbass, whether it be one 300 share trade OR 2-150share (martingale) trades, he was WAY over his head in size.
@H He proved yet ... By: TheRonDoe. on 02 Sep 11, 20:41:10 @H He proved yet again that not only will he not "follow the chart" when push comes to shove, with his money, but? he showed how he will change his story every five minutes, in HOPE of the trade going his way. He is in every way, a typical no-talent, amateur trader, regardless of his many claims otherwise.
I see LQDT closed higher than he needed :-) He should have covered for a loss given his latest "rule". I wonder if he did, lol
Hey Leroy, do you need a "Ladder" tossed down in that hole? lol
lol, that's right. ... By: TheRonDoe. on 02 Sep 11, 20:34:41 lol, that's right. And that's the best he can say about this debacle.
What you saw there was a guy that could not take a loss when he should have. He should have done what he told the rest of his room to do. He chastised them for not doing it, yet he did the exact same thing. His excuse is he's staying in the trade for a different reason. That does not hold water. He was fucked for purchasing power any way he sliced? it. He hung on for one reason. He didn't want to take a loss.
That's right dude. ... By: TheRonDoe. on 02 Sep 11, 18:20:43 That's right dude. You know he has ZERO money because? if he did he would have juts made the trades in his "big money" account, square up the "profitable trades,lol" and then transfer coin from the big-money account. He would be "up" in money and needed to only do the transfers.
It's simple why he didn't. He's a FUCKING LIAR. He has no money. He just stole his weekly grocery money to fund he bullshit 25K account.
No money Donny. No money, no clientelle, no job, no skills.
I'll bet he DID NOT ... By: TheRonDoe. on 02 Sep 11, 18:15:01 I'll bet he DID NOT COVER. Of course you'll NEVER KNOW. If it gaps up he'll tell you he covered like he said he would, if it gaps down and he can get out he will and then either never mention it (SCUMBAG-TRADING) OR he'll say he manned up, read the charts right - LOL, and was "Smart" to hold it over the weekend.
BTW, he tells others they should be profitable, yet people everywhere are telling him he killed them. He said he told them to get out - YET - he said HE would too, but? he didn't either.
Well kids, Don's ... By: TheRonDoe. on 02 Sep 11, 18:10:33 Well kids, Don's day is done. He SAID (but he's said it 20 times yesterday and balked so who's to know the truth) that he would cover when the 15min chart got oversold and rolled up. We're here at $30.40, meaning he SHOULD be out at a $300 loss, after holding it over-night at up to $900 loss. Yesterday he could have walked for less? than $300 loss when he told others to get out but HE couldn't (lol) because he was in a different position. (No he's not, he should have listen to his own press).
lol we all know he ... By: TheRonDoe. on 02 Sep 11, 17:27:40 lol we all know he has no money. He never day traded his own account, until very recently. He has to now since he has no suckers to make an income off of. He tells everyone that he's never had this problem before - which is correct, but the reason isn't because he "has a lot more money than that" the? truth is he never day traded his own money.
The guy is a JOKE. He is also a LIAR.
If he had money, he would been sure to tell you AND he would have traded it this week in that 'ficticious" acct
I mean, if he ... By: HumbleTrader001. on 02 Sep 11, 16:49:50 I mean, if he wanted to short, why not just exit the? trade and short something that was acting weak like the SPY, rather than waiting indefinitely for the stochs to finally pull back to oversold on an intraday chart?
Why didn't he just ... By: HumbleTrader001. on 02 Sep 11, 16:47:38 Why didn't he just exit the trade and put the money into something that was acting weak, even an ETF like the SPY? If he's been running a day trading room for the past several years, with paid subscribers shouldn't he already know all about day trading buying power? and the limitations involving a small 25k account? And why trade with a small account if he really has the money to trade with a bigger account?
lol, he's still ... By: TheRonDoe. on 02 Sep 11, 13:57:58 lol, he's still telling people, for 30 minutes straight how profitable his trades were yesterday. He's bitching about the 25K daytrade rule, explaining exactly what he DOESN'T know about reading the margin in his account, saying it? isn't a margin issue (which it isn't) in one breath, then claiming that THEY should manage the margin, not the 25k rule, blah blah blah. lol. HILARIOUS. Whine whine whine. He's claiming it's everyone else's fault and NOT his, lol. lmao. THEY'RE out to get him, lol.
lol he held it over ... By: TheRonDoe. on 02 Sep 11, 13:40:16 lol he held it over night. He's telling every one what a great call he? made holding it over night, lol. He's teling everyone how he "sticks to the charts" lmao. He went back on his 'chart reading' about 20 times yesterday, didn't listen to his own 'advice' when he could have been out with 1/3 the loss he ended up with at the close. What a LOSER! lmao. Justification-Jackscrew.
So check these ... By: TheRonDoe. on 02 Sep 11, 11:58:39 So check these numbers out people. Don, if he closed his LQDT short at the end of the day, he lost $850, which is almost 3.5% of his account. He's now locked out and can't trade - something he says he never really considered before since he initially funded his account with $25,500 figuring he had given himself enough room to wiggle. After a few days of losing he? was already down a couple of percent going into LQDT. He now needs to fund his account $1225 just to get back to the 500 cushion.
The question I have ... By: TheRonDoe. on 02 Sep 11, 11:46:58 The question I have is, why will Leroy carry what was supposed to be a day trade, over into the next day and continue to "hope and pray" that it will work out? I saw he did that a few days ago. He ended up going 50%wins with those - which by the way he calls even, when in fact he netted a loss on the deal, lol. The guys lying is never ending. I see the ass-clown took 300 shares of that LQDT. What kind of idiot puts? a full 1/3 of his account into a trade, then bitches about it?
I hear that dumb- ... By: TheRonDoe. on 01 Sep 11, 16:05:21 I hear that dumb-ass? Leroy is stuck in a LQDT short, lmao
He won't cover and keeps giving excuse and delaying the trade. He'd better HOPE it pulls back, lol.
This is exactly how his BIDU and AMZN, DTO RMBS trades started out. Maybe he'll get lucky, but this is NOT the way to trade. I can't wait to hear the excuse-machine on this one.
Mr lop-sided negative expectancy martingale idiot himself. Right there folks. It's all right there.
He's left with nothing but hope. You don't want to be him
If Don did anything ... By: TheRonDoe. on 31 Aug 11, 19:41:44 If Don did anything well, he wouldn't be Don.
Didn't he declare a few days ago that "there's no way I am going to go long here"?
I am still laughing at his feeble attempt to con people into thinking that his short call, some 7 months ago, with almost a 1000 point range was some sort 'good call'. lmao.
What's better is, he didn't make shit off of it, nor did he make any specific and documented trades with this.
What? a Jack-screw. A total disaster. A total waste.
What I don't ... By: HumbleTrader001. on 31 Aug 11, 19:10:32 What I don't understand is that he says he called a reversal day today, but he kept going long after the market started trending down intraday. ? By going long during the pullback (at higher levels than he was shorting previously on way up) that tells me he doesn't believe the reversal will stick. If so, then why didn't he just go long on the way up in the first place, instead of shorting on the way up?
Ooops. Forgot to ... By: TheRonDoe. on 31 Aug 11, 16:01:51 Ooops. Forgot to add the Dividend received to the above GS numbers. Adding $70 we've got +? $1104
We went X-div yesterday as I am told.
changed my mind. ... By: TheRonDoe. on 31 Aug 11, 15:15:34 changed my mind. Out? GS2 and GS3 combined profit of + $879
I will take a fresh look next week. I want to tidy up this month here today.
Total on all 3 GS trades is + $1034.
I'm not bitching.
Dumping JPM#2 will ... By: TheRonDoe. on 31 Aug 11, 13:48:38 Dumping JPM#2 will keep both GS for? now. 2nd JPM position + $366
You know, I have ... By: TheRonDoe. on 31 Aug 11, 11:37:00 You know, I have been chuckling about this for a few days now. Remember when he said he would trade against me and that he would do it with any amount I wished, lol. Man, that is comedy. He can hardly pull enough coin together? to make the $25k day-trade minimum, lol. Now that is a guru.
$1.47 lol, wow is he desperate. I wonder what type of dumb it takes to actually buy into his nonsense.
missed a trade I? ... By: TheRonDoe. on 30 Aug 11, 13:53:06 missed a trade I? see. I took back my RIMM when I also re-loaded JPM etc. Just dumped ALL RIMM here today at $31.60 Took $661 out of her so that's about 6% or so plus whatever we took out of her before.
Nice run.
Raising cash into ... By: TheRonDoe. on 25 Aug 11, 13:56:02 Raising cash into this run to 29.50 Dumping 200 of the 300 shares for +$245 or something like that/ The market is pretty fast and? I am dealing with the bank-longs as a priority. Will hold the final 100 shares and have rolled up the Put to Jan 2012 31 puts.
Back in RIMM? this ... By: TheRonDoe. on 16 Aug 11, 13:38:19 Back in RIMM? this AM at 26.55, March 27.50 Put at 5.31.
As always no guarantee's but a much better position than I previously had.
My opinion of ... By: TheRonDoe. on 16 Aug 11, 13:08:33 My opinion of course, but I find the methods I employ are extremely resilient in avoiding the one thing that makes most people long-term losers in the market, which is avoiding the large capital losses.
All I have to do is? ask someone how much more money they would have if they could exclude their worst trade of all time. It always seems to be a very large number :-)
Good Luck all,
I can't really say ... By: TheRonDoe. on 16 Aug 11, 12:56:01 I can't really say as I learn too much from my trades anymore. What I did a couple of weeks ago (dumped position and then re-applied) I already knew would be net positive if RIMM moved up. Why I showed this video was to not only prove it, but also to maybe let people know that it is OK to dump a loser :-) It is to their benefit.
Smoking the 'hopium' on? a poor position is not what I am about. Better to exit and get a better one.
@ned Thanks. The ... By: TheRonDoe. on 16 Aug 11, 12:51:40 @ned Thanks. The thing of it is, I never really worry about the trades I make since I don't really look at it how most traders do. Sure, I want to make a return, but I know? it's pointless to worry about anything. I just use the tools at my disposal and do my level best to deploy them at what I perceive to be a good time which of course is also unknown until after the fact.
I show how even 'bad' trades do not have to be 'bad' by most definitions. People need to learn how to stop losing large.
Good one Ronnie, ... By: nedbeaty72. on 16 Aug 11, 12:39:54 Good one Ronnie, nice to see someone that can admit? to making a bad trade and then look at it and learn from it!!
Discussing the inner workings of the Long Stock+Protection on a trade that has dragged on way too long and in the wrong direction for most of it.
Looking at strategies, ideas and the traps to avoid in a position going against you.
wow? thanks Don. ... By: bezzer1185. on 28 Dec 11, 23:33:52 wow? thanks Don. CRYSTAL clear
So has this gold ... By: TheRonDoe. on 23 Aug 11, 11:36:36 So has this gold bubble gotten a little too crazy now? Didn't end up doing the DGP as risk would not allow at the time. I have shored up some positions and I have taken a GLD short at $183 now that my account can handle the risk and gold once again has made a crazy move. GLD short position now make up just under 1% of my account? in risk.
Yes, shorting? ... By: JesusSatanAllah. on 12 Aug 11, 17:53:34 Yes, shorting? inverse pairs simulates good money management by decreasing the position when you gain, increasing when you lose. It works best when the underlining is volatile. The trade can be simulated with a math equation on only one instrument. The only thing with that is that you have to make frequent transactions
yes that's a good? ... By: TheRonDoe. on 12 Aug 11, 16:55:45 yes that's a good? move. (Shorting inverse pairs).
My problem is ... By: TheRonDoe. on 12 Aug 11, 12:39:21 My problem is knowing what is going to happen before it happens :-) However, my rear view mirror is clean as a whistle,? lol.
E.g., say you have ... By: JesusSatanAllah. on 12 Aug 11, 05:45:08 E.g., say you have $10k GLL and you have a 10% winning day. The next day you will have $11k exposed to lose. Better to short $10k of DGP and have $9k exposed next day and the other $1k? in cash in your account
Shorting a ... By: JesusSatanAllah. on 12 Aug 11, 05:34:47 Shorting a leveraged ETF works better because? it adjust your exposure at the close of each day. On winning days, it takes sow off of the table. On losing days it increases your bet.
I love shorting ... By: JesusSatanAllah. on 12 Aug 11, 05:29:43 I love shorting leveraged Etfs to express a position. You can even short 2 Etfs that are inverse of each otter. The more volatile? the better. My pairs I have are FAS/FAZ, AGQ/ZSL, SCO/UCO
lol, nope. I am ... By: TheRonDoe. on 11 Aug 11, 21:00:12 lol, nope. I am just sitting here minding my own business and thinking of ways to show the concept easily. I rely completely on you guys to find the cool stuff. I guess the use of Monte Carlo sims? is pretty common.
Thanks for the comments.
I'm? surprised.. # ... By: heckler73. on 11 Aug 11, 20:25:33 I'm? surprised.. #LOL
The way your Kelly SS functions is similar to his VaR SS (or was it his GARCH SS? He has a Monte Carlo sim on one of them), that's why I thought you knew BT.
Holy shit. Who did ... By: TheRonDoe. on 11 Aug 11, 19:37:23 Holy shit. Who did they carry out today,? because you know fortunes were made and lost with this one.
Dude, you have just ... By: TheRonDoe. on 11 Aug 11, 11:47:24 Dude, you have just given me hours of 'fun'. I just? finished watching BT's Bootstrapping VaR vid, watch?v=FFSDsTqopZ0&feature=channel_video_title .
Damn, that is some cool spread-sheeting of some great concepts. My hat is off to that crew. It was probably not your intent, but thanks for the heads-up.
Yes, it's sad. It's ... By: TheRonDoe. on 11 Aug 11, 11:12:26 Yes, it's sad. It's weird? that the guys that partnered with him were a few months prior making fun of his trading style and were also waiting for him to blow up. In my mind it shows where all of these guys minds are truly at. Charging people money to supply then with an overstated dream.
I had to look up ... By: TheRonDoe. on 11 Aug 11, 11:06:16 I had to look up what Bionic Turtle even was. It looks pretty interesting. My goal here was to give people a concept or two. Beyond that my hope is people will go and explore it for themselves and if warranted, build their own version.? If they go to all of that work then they'll know they understand the topic enough to get what they need to out of it.
I'll have to go and explore bionic turtle more and watch a few of their vids. Thx.
Don?
Don
Don
Even ... By: cosmosgato. on 11 Aug 11, 09:06:49 Don?
Don
Don
Even if he has the direction correct he'll fuck it up in some other way. lol
Ah Rob Hoffman, you ... By: cosmosgato. on 11 Aug 11, 08:48:59 Ah Rob Hoffman, you must admit? trading produces some interesting human emotional actions. All that talent but couldn't control himself.
Yah... Could you ... By: heckler73. on 11 Aug 11, 08:15:51 Yah... Could you perhaps do a "bionicturtle"-style vid where you show us how you set-up the Excel SS to calculate the Kelly criterion?
It does seem like a very interesting stat to use, but you've? glossed over the subject way too lightly...
lol, I may have to ... By: TheRonDoe. on 11 Aug 11, 11:22:47 lol, I may have to tackle that in another spreadsheet. You know, when I have a spare week! That sounds a little daunting but would be useful indeed.
BTW to add to my prior, yes!, it is not an arbitrary number. That's it exactly. The number, in most people's minds? is also a lot smaller than most might think. Of course with yourself and heckler I am just speaking to the choir. :-)
Yes, Wiki offers ... By: TheRonDoe. on 11 Aug 11, 10:49:18 Yes, Wiki offers the detailed goods one may be interested in. This is at best a one-shot primer to get? people to think about the concepts.
Well I don't think ... By: cosmosgato. on 11 Aug 11, 10:08:49 Well I don't think meant for this to be on Kelly per se. That's why he directed viewers to wiki.
I think the main point is that even with a sizable edge risk control is still required and it's not an arbitrary number.
?
Hmm.. a delta ... By: cosmosgato. on 11 Aug 11, 08:42:15 Hmm.. a delta neutral spread/income trader that goes strictly by the Greeks and holds to expiration should be able to answer the likelihood of lose and profit. Kelly is a must for? them. Directional traders yes will have much more haze. Another great educational vid.
Interesting... but? ... By: heckler73. on 11 Aug 11, 08:01:08 Interesting... but? you didn't even discuss the Kelly equation f=(bp-q)/b where q=1-p
Maybe part 2 has more info?
Placed a new? (GS#3 ... By: TheRonDoe. on 23 Aug 11, 11:22:45 Placed a new? (GS#3) trade. Long at 105.42 w/ Apr 115 Put at a pricey $20.91.
Max risk therefor is about $1132 as I recall. You gotta love it down here even if the hedge is a little costly.
GS#2 still on and waiting for finalize the trade with some added punch if we roll higher before Sept expiry.
Unbelievably ... By: TheRonDoe. on 08 Aug 11, 19:14:28 Unbelievably resilient position. GS is currently $114 and GS#2 is down $5 from the previous close, some? $10/sh higher. The position is still positive.
I am holding this thing just because, lol. There certainly is no downside from here as far as this position is concerned. Now that's a way to take a $13/sh ass kicking! lol.
I would actually be taking a new GS position down here but have opted for shares with a better yield.
Stay safe.
Still in GS # 2. ... By: TheRonDoe. on 04 Aug 11, 23:24:01 Still in GS # 2. Still profitable. I have made the decision to sit on it and see how Option X in two weeks looks like. I may decide differently if we really flush out, but that is my plan right now. The idea is to stick around until Aug 19, execute an option trade if possible to enhance the position, grab the dividend and sum the trade up on the Sept Put Expiry.
Glad I got that protection,? and glad I dumped # 1 at $138. Sometimes you just get lucky.
Given the time to ... By: TheRonDoe. on 26 Jul 11, 15:14:08 Given the time to expiration and the P/L? chart for "GS # 1" I have opted to take profits here at GS price of $138/sh from that original position. Still have GS#2 in play.
loving it. get your ... By: TheRonDoe. on 03 Aug 11, 14:40:19 loving it. get your cash ready kids. this is getting good and fearful like.? stick to quality, know your risks. you can't know anything more than that.
Putting on a new ... By: TheRonDoe. on 03 Aug 11, 13:08:37 Putting on a new canadian financial here. BMO long at $59CAD. This one was last traded in November from $58 to $62.50
Details to follow.
BTW, if you're not in this SLF congrats, but what are you doing not buying it here? I have done the unthinkable and added a second position ($26) while this first one has not been covered-off.
Time will tell but these are compelling trades down here? in quality co's paying huge divvy's.
"He always talks ... By: TheRonDoe. on 26 Jul 11, 01:58:27 "He always talks about how being able to see him trade live is such a valuable lesson, for new traders, etc.?"....
Well, I guess he taught them well on that day!
Unfortunately not only will most of the students not learn this lesson, it seems it was one the instructor had to learn as well. You said it bro, all that? time spent sitting in front of the screen for months..........all down the shitter in one day........it happens all the time. The most common story in trading.
Part of Rob's ... By: HumbleTrader001. on 25 Jul 11, 23:59:01 Part of Rob's schtick is to mock "simulator jockeys" and those don't trade with real money. In the end, the simulator jockeys are beating him in trading by staying in cash. He always talks about how being able to see him trade live is? such a valuable lesson, for new traders, etc. LOL
Good point about ... By: HumbleTrader001. on 25 Jul 11, 23:52:31 Good point about picking up pennies in front of steamrollers. All that work of sitting in front of the screen for months on end down the? drain in a single trade. The winning streak meant nothing. And the subscribers that blew out their accounts trying to follow him don't have fees from suckers to fall back on.
He should have ... By: TheRonDoe. on 25 Jul 11, 23:48:52 He should have stuck with being a Leroy and not shown most/any/all of his trades. Just think. His group may have never known "how bad". If anyone is? still following him after this, they truly deserve it.
@Humble Yah I don't ... By: TheRonDoe. on 25 Jul 11, 23:45:08 @Humble Yah I don't believe they'll outlaw trading rooms either. I hope they leave it alone. The rooms will filter themselves out and people should be better off for it. I say 'should'. All you really need to filter all of these crooks is an actual record and some time to let it play out. You can force the play with enough data if you're in a hurry and don't see the obvious errors :-) This is? why Leroy and Fraud-Grande don't have a documented personal record. They know what's good for them.
Yes, Rob may have ... By: HumbleTrader001. on 25 Jul 11, 23:42:59 Yes, Rob may have believed that he was such a good ? "support levels guru" that the odds were tilted enough in his favor that he wasn't really utlizing a reckless martingale strategy. Unfortunately, the size of his loss proved him wrong. LOL
You make a good ... By: TheRonDoe. on 25 Jul 11, 23:35:36 You make a good point about trading over the long haul. I know I stress that and I know the reasons why, but I also am? aware that it's very easy to see a guy that is profitable and has been for a long while, and think he's got the real goods. That's a tough one to over-come if a person is looking for a guru. It just seems so right and it seems "righter and righter" every day you watch it. Methods need serious rigor testing to be trusted at all. Most can't or won't do it.
@H Yes evidently ... By: TheRonDoe. on 25 Jul 11, 23:25:38 @H Yes evidently having the balls to trade live doesn't equate to having the brains to know that your method has been dis-proven a long long time ago. It's not so much balls? as it is either ignorance or some sort of crazy self-deceptive bias. Either way it's a guaranteed early financial grave. Traders need to know they don't know shit and we merely see patterns in the clouds that don't even exist. It works until it doesn't. Only then does your decisions truly matter. They're selling an illusion.
There are a lot of ... By: HumbleTrader001. on 25 Jul 11, 23:18:01 There are a lot of Kool Aid drinkers in the world. Supposedly trading? rooms are going to get regulated out of existence soon, but I'll believe it when I see it..
Yes, it's comical ... By: HumbleTrader001. on 25 Jul 11, 23:12:22 Yes, it's comical how he downplays a? catestrophic loss like it's just a minor drawdown, and how he's trying to lock the barn door after the horses all escaped LOL
I sum it up this ... By: TheRonDoe. on 25 Jul 11, 23:06:39 I sum it up this way. There is no sure fire profitable way to make money in the markets. None.? The best you can hope for is an opportunity to get chance on your side and limit the downside to something small to which you can possibly, even reasonably recover from. Everyone has a 'method' and a pocket full of brilliant one-liners, but it's rare the person that actually has a method that can guarantee the only thing possible that is guranteeable. The ability to KNOW what you risk.
@TheRonDoe It's ... By: HumbleTrader001. on 25 Jul 11, 23:03:04 @TheRonDoe It's possible YouTube has an algorithm to mistakenly mark me as? spam due to the amount of comments I made...who knows?
Only thing I'll ... By: HumbleTrader001. on 25 Jul 11, 23:00:42 Only thing I'll give him credit for is he has the balls to trade live in front of others. However, bravery doesn't mean he's? profitable over the long haul.
In other words, I ... By: HumbleTrader001. on 25 Jul 11, 22:58:42 In other words, I thought maybe there was a still a chance he was a profitable trader? over the long haul, himself, but that what he did was too dangerous for other traders to pull off, because other traders wouldn't be able to handle the stress, etc. Now I don't see how he is profitable except for subscribers. If he's so great then why doesn't he manage money than collect fees from wannabes.
Even though I ... By: HumbleTrader001. on 25 Jul 11, 22:51:06 Even though I suspected he would eventually incur a big loss, I didn't reallyt think he would lose several hundred K in 1 trade and get margined out. LOL A couple years back he had a disaster stop in place, and the discipline to scale out of a trade if it went too far against him, but obviously he decided he was too good/smart for that. LOL Even when he seemed profitable himself, I always thought his? style was too difficult/stressful for most traders to successfully attempt.
BTW, I meant to ask ... By: TheRonDoe. on 25 Jul 11, 22:39:56 BTW, I meant to ask, how exactly am I supposed to "deal with losses" when it amounted to 90% of my account? Just askin' This question goes out to anyone :-)
Also, what was this genius's thoughts on stops and position sizing in the? first place?
None and All-in?
Yeah, that sounds like a pro that deserves to be paid. lol. Hell, it sounds like Leroy's plan!
great, lol. More ... By: TheRonDoe. on 25 Jul 11, 22:34:39 great, lol. More garbage ideas (for pay) from guys that should have known better in the first place. There is evidently an endless supply of morons that are all too willing to throw money at people to show them what they don't know but think that these clowns must.The safest bet in the market is to play the professional that? knows everything and can get paid to show others 'how it's done'. So far my grandma who stuck her cash under the bed for 50 years has kicked Rob's ass.
@TheRonDoe TDM is ... By: HumbleTrader001. on 25 Jul 11, 21:21:19 @TheRonDoe TDM is having a two day webinar this Wed. and Thurs hosted by Rob H. and the other 2 TDM guys about dealing with losses, etc. Supposedly Rob will implement new trading room rules like? a hard stop and supposedly he will have some type of plan for trading smaller sizes. The only catch regarding the webinar, is you have to sign up for a $5 two week trial to TDM. For 5 bucks, I may sign up just to hear what they have to say for themselves.
$300-$400 a month ... By: TheRonDoe. on 25 Jul 11, 21:12:37 $300-$400 a month to spend on "professionals" that don't understand basic math, risk assessment and clearly don't look at the market as the random number generator it is. lol. Their system is right until it (really) ain't, then they send you flowers. Well, I guess they don't even do that. They send you a bill? for services for next month. There is something seriously wrong with the educational system..... This problem starts young.
..Even though I ... By: TheRonDoe. on 25 Jul 11, 21:00:49 ..Even though I said he would eventually blow up, I have to admit I was surprised to see it happen on a day that wasn't as bad as I thought it might be. (the market in general I mean). My feeling was that it would take something worse, lol, which goes to show just how bad a strategy that he has. I feel bad for the people that don't know better and thought they were? getting some amount of professionalism. It seems TDM lead them right to the slaughter house. They're all crooks. Nobody knows shit..
You've got it right ... By: TheRonDoe. on 25 Jul 11, 20:52:13 You've got it right man. Thanks for that most recent link, BTW. I've got a serious hard-on against crooks like TDM. I say crooks because? if they bring a 'pro' in, knowing full well as much as you and I do that he will eventually blow up because of his antics, and they allow him to do the things he does with their customers then they are also part of the problem. They facilitated Rob. They can't ague that they're out for anything other than taking money from people at any cost..
@TheRonDoe I got a ... By: HumbleTrader001. on 25 Jul 11, 19:25:12 @TheRonDoe I got a kick out of Rob blowing up because he's taking advantage of wannabe traders, and, for that reason, I feel he deserves to lose big. However, he has nothing to worry about if new suckers continue to join his room and pay? as much as $300 a month to learn how to blow out their accounts! :-)
@TheRonDoe Another ... By: HumbleTrader001. on 25 Jul 11, 19:17:28 @TheRonDoe Another irony is that the guys at TDM actually predicted Rob would? blow up and joked about how they can't wait to see it happen. The predicted it in a video in January. If you Google "Will Rob Blow Up" (in quotes) and watch video in the first page that comes up (at w w w . mrswing . c o m) you'll see what I mean. LOL
Taken out of trade ... By: TheRonDoe. on 15 Aug 11, 19:13:02 Taken out of trade at $27.18 today. Will discuss more later, but I was NET + $0.09/sh after all was said and done. It's a shame too because it is shaping up nicely but the options are just too expensive at this point :-(
I will however get to discuss how you? can totally bone-up a trade and still be in the game to a large degree.
I haven't discussed ... By: TheRonDoe. on 27 Jul 11, 18:22:00 I haven't discussed in detail yet the issue of position sizing, even as I have? mentioned it briefly in the past. It does require a video/commentary for the uninitiated. Given the parameters which I will detail in another video, this loss has amounted to 0.3% of the portfolio as a whole.
The utility of this new trade aside, my hope is to show a concept worthy of discussion. As the future price of RIMM is not within my grasp, I cannot know if I will be able to show it or not.
Taking a net loss ... By: TheRonDoe. on 27 Jul 11, 17:58:35 Taking a net loss of 0.96/sh or 3.5%. ($287)
Without the protection the loss would have been $1.50/sh or 5.5%? ($450)
I have re-entered this trade at 25.90 and a March 2012 27.50 Put
Will follow this one up accordingly as time permits.
RIMM:
December ... By: eddyvideostar. on 20 Dec 11, 03:05:32 RIMM:
December 19, 2011.
This sell of is mostly done by the big institutions due a strategy that they? are employing. It is called "window dressing." This meaning that they are unavailing themselves of broken stocks in order to show mutual fund investors that they do not own this when at years end it is time to compile the reports. RIMM will zoom upward after the new year when institutions buy it back in droves. The company is too great and innovative to plummet any further. Guaranteed.
Nice vid, nice one ... By: jasondmcneill. on 07 Jul 11, 20:36:43 Nice vid, nice one on Grande too, btw. ? Could u tell me what software for charts u use and what trading platform u use? Also, could u point me in the right direction to studying more about trading and technical analysis, please. Thank you!
yeah that must be ... By: TheRonDoe. on 06 Jul 11, 17:57:26 yeah that must be it. It's not great, but it? works and it's free.
![Distribution of return graph for IB (Small acct end of Sept \](http://i.ytimg.com/vi/hEDK0OBVuY4/2.jpg "Distribution of return graph for IB (Small acct end of Sept \")
![Small acct to end of Sept \](http://i.ytimg.com/vi/sAmH66DiXNA/2.jpg "Small acct to end of Sept \")
Latest comments made on this video:
By: metalgamer1186. on 12 Mar 12, 13:18:33
moar? of this plz
By: TheRonDoe. on 12 Mar 12, 11:40:49
Thx Ned. Good to hear? from you.
By: TheRonDoe. on 12 Mar 12, 11:37:43
No prob. In fact I'll post it? right here. watch?v=lcGJcv25yYU
By: lizadfuel. on 12 Mar 12, 06:55:38
can you send me? the link too?
By: nedbeaty72. on 12 Mar 12, 03:41:16
Nice? one Ronny!!!
By: heckler73. on 12 Mar 12, 01:49:29
I've seen him at a couple conferences. I don't subscribe to half of what he believes, but I always find him? entertaining and thought provoking. Thx again...
By: TheRonDoe. on 12 Mar 12, 00:35:58
Thx man. Good to see you around!?
By: cosmosgato. on 12 Mar 12, 00:20:49
Very? nice
By: TheRonDoe. on 11 Mar 12, 23:52:31
Link sent. I intentionally did not show names, companies or other specifics in an attempt to keep? the floor apolitical. Given his actual topic it was tough to slice as you can and will see.
By: heckler73. on 11 Mar 12, 23:17:21
That was pretty good. Was that from? PDAC? Or some other symposium Rick Rule was at?