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- mabenn replied Jan 9, 2014
Hey Everyone. I apologize for not checking this sooner! I literally haven't checked back here it since I posted this and I'm surprised at so many replies. I'm glad to see some of you got benefit from it and that it may have provided reinforcements ...
- How and Why I lost over 75% in 2 days and what I’ve learned
"I’m writing this as a sort of therapy, in hopes of helping release from the brain damage that I’ve ...
- mabenn replied Aug 24, 2010
who are you talking to with this one?
- mabenn replied Aug 19, 2010
Glad I could provide some comic relief
- mabenn replied Aug 19, 2010
I don't use indicators, just order flow and price action. But read previous post and you will see that I have honored my stop loss on this idea. After all it was just an idea.
- mabenn replied Aug 19, 2010
Thanks buddy
- mabenn replied Aug 18, 2010
Hey Guys, all of your points are well taken and this has been a very interesting exercise. I have actually learned some really good things from all the posters. I will take the advice of setting up my own trading account, and perhaps even getting a ...
- mabenn replied Aug 18, 2010
... Of course proof is in the results, but it would help to understand my trading method.
- mabenn replied Aug 18, 2010
Very good article indeed.
- mabenn replied Aug 18, 2010
thx I'll take a look
- mabenn replied Aug 18, 2010
That's ridiculous about Jacko. I'm not looking for an idiot, in fact an already successful trader would be best to work with, someone that understands trading so they will understand the edge that I have without having to prove it to them. Thats why ...
- mabenn replied Aug 18, 2010
I believe strongly in working with a coach. Replace mentor with coach and it will probably make more sense. The best traders i know all have coaches and so do the best athletes etc... Why should traders expect any different? The Psychological part ...
- mabenn replied Aug 18, 2010
Thanks alot, I would probably laugh at this post too! I'll take a look, thanks for the links.
- mabenn replied Aug 18, 2010
Holy dude, read previous posts before commenting. We went through a 20% drawdown, but I made it back (which means I had to make closer to 25%) they all bailed at different times right around the stock market meltdown back in may/june.
- mabenn replied Aug 18, 2010
Here I thought you would post something "fool"ish Thanks for the feedback, this is actually good advice and took some thought so I appreciate that.
- mabenn replied Aug 18, 2010
Nobody can guarantee a gain... just to be clear, i'm guaranteeing a sharing of losses. Trading will halt at 50% loss, which means I am guaranteeing 25k.
- mabenn replied Aug 18, 2010
Did jacko offer a risk guarantee with 50% of loss sharing? likely not, I have not seen that before. It would be written into the partnership agreement and notarized etc. In other words I would make sure it was fail proof for my investor. I'm not a ...
- mabenn replied Aug 18, 2010
haha, there's no way I would accept money into my personal bank account. Unless it was the lottery No, we would set up the partnership, send the partnership docs to the broker, they set up the account, the investor wires funds from his account to ...
- mabenn replied Aug 18, 2010
Thanks for the tip. They are already at the lowest possible to maintain the edge that i have. The Data/analytical software is the best and must be that way in order to have an edge over traders using free or low cost software. Futures are different ...
- mabenn replied Aug 18, 2010
At 25k with the cost of doing business my expenses would be a large % of the profits. I said that to do it right I would need at least 50k, but 100k ideally.