OT - Sarmad, just a follow-up to your "4-bets" comment. While I'd agree that it's not an easy task to consistently beat that combination of factors, it IS possible - and while I took it in da shorts on this last play with a truly poor display of method, the bottom line is that even after including this last major hit for $16,000 (geez, it hurts to say that!), I've managed to challenge those factors and accumulate ST gains of $64,740 over the last 10 weeks with 79 wins, 19 losses, 16 break-even plays, and an 81% win/loss percentage. I don't have da stats for all the real-time trades I've posted here and previously over on the old AMAT thread during the last two years, but the gains are somewhere between $300K and $400K with a win/loss percentage probably near 75%. These "plays" may not be investin', but the profits are real and the ROI has been significantly better than that of my LT portfolio. Still, the risk IS high and even with a solid record of wins, I'd never suggest that cash allocated to fightin' your "4-bets" should represent anything but a relatively small percentage of ones program. I often like to make light of the ups and downs of this type of trading, but let there be no mistake about it, this is serious business involving hard-earned cash and can quickly result in devastating losses (just look at what happened to me today!). Then again, with the right focus, I believe one can play the dark-side tradin' game and achieve respectable results.
AdvocateDevil |
