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Dear RealTraders,
I apologize for bringing this old thread back up from
the depths, but I was doing some research and was very
much intrigued by the original poster's dilemma and
even more intrigued by Norman's response. After
trading the index futures and individual stocks and
options over the last few years without any real
consistent profits, I too am interested in "broadening
my horizons". I have $25,000 in risk capital
available and the time and the desire that is required
to trade with it. So, could Norman or any other
successful trader on this list expand a bit on this
subject? (particularly the part where one can trade
Corn "1-2 times per month for an average of 10-20
cents = $500 to $1,000"). Thanks in advance.
Best wishes to all,
Phil
P.S.
Norman, that was a truly amazing entry in Corn last
year. Congratulations! And I see that it has been on
a long slide the second half of this year. Are you
long Corn again?
--- Norman Winski <nwinski@xxxxxxxxxxxxx> wrote:
>
> 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.
> ----- Original Message -----
> From: Sean Cassidy
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Sunday, October 12, 2003 3:05 PM
> Subject: Re: [RT] OK....which market???
>
>
> 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: realtraders@xxxxxxxxxxxxxxx
> Date: Sunday, October 12, 2003 14:40:52
> To: 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.
> ----- Original Message -----
> From: RB
> To: 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.
>
> ----- Original Message -----
> From: Sean Cassidy
> To: realtraders@xxxxxxxxxxxxxxx
> Sent: Sunday, October 12, 2003 10:59 AM
> Subject: [RT] OK....which market???
>
>
> 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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