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If this friend of yours needs to trade 12000 shares of Microsoft in order
to make $250,000 here's the kind of return he's probably making:
Assuming he trades on margin for max. return, he'd still need about
$300,000 in his brokerage account to trade 12000 shares of Microsoft, so
maybe he doubled his money in a year. (By taking a HUGE risk compared to
actual gain). What about the possibility of MSFT dropping $15 overnight on
some event/announcement and wiping out $180,000 of your friend's "winnings"
last year? IN 1 DAY!!!?
As a matter of fact most of this talk is usually just bullshit talk between
"buddies", idiots and big mouths!
99% of people with $300,000 in their acct do not screw around with it that
way, so please take your CRAP elsewhere!
Carlos Lourenco
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> From: Robert Kodama <stocktrader@xxxxxxxxxxxxxxx>
> To: omega-list@xxxxxxxxxx
> Cc: Stewart Taylor <staylor@xxxxxxx>
> Subject: Real Trading Experience about John G. by Bob Kodama
> Date: Tuesday, March 17, 1998 1:23 AM
>
> Stuart:
>
> I was reading your wanting real trading experience discussion.
>
> Here is another one.
>
> My friend John G. called me today.
>
> I have not heard from him since about December.
>
> John is the one that kind of gave me the idea of trading one stock.
>
> Last year John called me telling me he was trading stocks.
>
> He was doing really well.
>
> He tried several different stocks.
>
> And started trading microsoft short term in and out.
>
> Last year was his first year.
>
> No experience before, I don't think.
>
> He started trading 12,000 shares of msft and making money.
>
> I was impressed. He did not have real time or charts or anything.
>
> I told him about quotrek and pcquotes. He uses pcquotes.
>
> His results last year. $250,000. Beginner's luck.
>
> He said this year, he was up $80,000 on microsoft.
>
> He told me he was looking at wade cooks stuff.
>
> I told he don't read anything, don't talk to anyone.
>
> Just keep on doing what you are doing. Don't change anything.
>
> He is in sync. A natural.
>
> Question: How much stuff do you need to trade and make money?
>
> 1. You need capital.
>
> 2. You need one stock.
>
> 3. You need to watch, observe, determine your entry point and your exit
> point.
>
> 4. You need to be patient.
>
> Pretty basic.
>
> Pretty simple.
>
> John rewarded him self buying a 57 fuel injected corvette, perfect
> shape.
>
> Conclusion, if you cannot make money trading one stock well, what makes
> you
> think trading more will be any better.
>
>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
> Other things I think are important to profitable trading and what most
> books say.
>
> mindset
>
> attitude
>
> focus
>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
> Goal: to use the least amount of tools, support stuff, effort, etc.
> to make successful trades.
>
> So, I have to remind myself to KISS (keep it simple stupid).
>
>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
> Books that come to mind.
>
> Green covered book by Douglas.
>
> Element of Successful Trading by Rotella.
>
> Market Wizards by Schwager
>
> The Nature of Risk by Mamis
>
> Wall Street The other Las Vegas by Nichols Darvas
>
> The books by Trader Vic.
>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
> Did not trade klac today. Probably go side ways. Options X friday.
>
> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>
> Good trading.
>
> Bob
>
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