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Hi,
To make this a lively discussion, got a couple questions here:
- How much equity does your friend put up to trade, to generate these daily
returns
- what does he trade
- what size trades does he enter
- how many dollars does he lose in a losing trade,
- how does he define his stop loss level
- how many does he win in a winning trade,
- how does he define his winning exits.
Thanks in advance,
Gwenn
felixty@xxxxxxxxxxx wrote:
> after making near 8,000 on the 9nth and 10th day,by Mar8, the 11th day
> he starts to deteriorate(hehehe)...he made "just" barely 5,000.......the
> 12th..he got lucky somehow made just a bit above 5,000..well...at
> today's close Friday..he made it again and at the same time broke my
> heart...he made 15,000 dollars !!!! (maybe he can buy a new car in cash
> everyweek) but he comes to the exchange and go back home
> (lunchtime)everyday with a 10 minute walk. To tkae care if his baby..by
> the way..since he started making good money consistently since last
> year..it was just about the time he just got married also.....maybe its
> such a good deal/effect on him after all.
>
> the only thing cheering me up these days is our stock exchange's record
> for a stock daytrader profit was 250,000.00* dollars in one
> day...another mid 30 year old but that was years ago..maybe was just a
> lucky day also this one i have still to verify...
>
> Mind you our market the Philippine Stockmarket is probably one of the
> worst performing market worldwide the last 2 weeks..go to yahoo
> finance.look for Philippine market daily chart...
>
> http://finance.yahoo.com/m2?u
>
> so this is not a case like most American fund managers who
> thinks/believes they are market geniuses but due in actuality just a
> participant in a good uptrending market situation and riding the
> momentum.
>
> *if it was more than 3 years ago before our currency devaluation the
> equivalent would have been 400,000.00 US dollars in one day.....hmmm...
> maybe should verify this one.....
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