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RT,
Please see my Oct. 10, Dec. Corn trade below in my P.S
and the trading plan in the preceding paragraph. I am now exiting on
Wed. opening, should yield over $1,000 per contract, using
simple cycle, a $200 max. drawdown, and less than $500 margin.
Regards
Norman
----- Original Message -----
From: <A
title=nwinski@xxxxxxxxxxxxx href="">Norman
Winski
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, October 12, 2003 3:00 PM
Subject: Re: [RT] OK....which market???
<FONT
size=2>
With $2,000, you should restrict your trading to paper
trading, put the money in the bank,
and keep saving until you are sufficiently capitalized to
treat trading like a business and not
a lottery ticket. Trading with insufficient capital, in
other words trading from a position of weakness,
is a sure way to be nickle and dime yourself into
financial oblivion. Once you can accumulate about
$10-15,000 in risk capital, you can consider trading a low
volatility market such as Corn 1-2, turning
it 1-2 times per month for an average of 10-20 cents = $500 to
$1,000. If you can average
$500 per month for 12 months, that's $6,000, which would
represent a very handsome return
on the above recommended capital.
Regards,
Norman
P.S. Disclosure: I went long Dec. Corn at 217 on Oct.
10. My current target is 246 or I will buy more
at 187.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Sean Cassidy
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, October 12, 2003 3:05
PM
Subject: Re: [RT] OK....which
market???
<TABLE id=INCREDIMAINTABLE cellSpacing=0 cellPadding=2 width="100%"
border=0>
<TD id=INCREDITEXTREGION
width="100%">
I understand and appreciate that this is a very difficult scenario
with such limited cash. I have watched my guy call the market in live
trading for 4 months and believe in it.
With that being said, I accept resposnibility for the risk
involved. I just sent the post but still havent seen any specific
suggestions, other than to trade options on the QQQs.
SMC
-------Original
Message-------
From: <A
href="">realtraders@xxxxxxxxxxxxxxx
Date: Sunday, October
12, 2003 14:40:52
To: <A
href="">realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT]
OK....which market???
I think that this is the wrong approach. It has
nothing to do with the mentors ability to trade and everthing to do with
the results of past students that he is currently mentoring.
If the system works for them it should work for you.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=rhodes@xxxxxxxxxxxxxx
href="">RB
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, October 12, 2003
2:13 PM
Subject: Re: [RT] OK....which
market???
Has this mentor should you his brokerage
statements for the last 3 to 5 years? Or just the charts.
Also remember. It is not the win rate. It is the money
made! You need to remember that. You can be shown
charts showing all kinds of, what you could of or should of
done. It is the money made-brokerage statements that
count.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Sean
Cassidy
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, October 12, 2003
10:59 AM
Subject: [RT] OK....which
market???
<TABLE id=rem_INCREDIMAINTABLE cellSpacing=0 cellPadding=2
width="100%" border=0>
<TD id=rem_INCREDITEXTREGION
width="100%">Since there appears to be a consensus out there
that the S&P is a very difficult market to trade, and we
all know what not to do, could I get an idea what is exactly
the best market to trade?
I am working for a company that has just been bought and
may be losing my job in a few days. I have very limited cash
to do this, probably about $2000.
What has been frustrateing me is that I have a trading
mentor who is using the best most accurate method I have ever
seen.It has an 80% win rate or so and uses a 1 point stop on
the S&P (yes, 1 point). It is a very subtle method that
uses boliinger bands and multiple time frame analysis.
Again with such limited capital, I am looking for
opinions as to which is the most "tradeable", consistent
market to trade.
SMC
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