Anyone in here trade the markets? - Page 2 - VTXOA
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post #11 of 27 (permalink) Old 10-03-2019, 08:36 PM Thread Starter
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I got stopped out of my final FCX Put position today. Total profit of $594.50 on $619.50 capital risk = 95.96% return in 15 days. Not bad at all.

Currently looking at AMTD 18 OCT $35 Calls and AXSM 20 DEC $25 Calls. Both have very nice chart setups.

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post #12 of 27 (permalink) Old 10-04-2019, 04:09 AM
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This thread isn't about politics.

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I don't mean at all to bring politics into it and am sorry you perceived it that way. Just stating what is affecting world markets. Also do you pay high taxes for quick profits where you are? I always sat on stocks as the tax rate went down from ridiculous to bearable if you held the stock for twelve months. Do you trade the money markets as well?
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post #13 of 27 (permalink) Old 10-04-2019, 05:50 AM Thread Starter
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Yes, short term (less than one year) trading generally comes with higher federal tax rates. However, you can trade in a Roth IRA and any profits in that account are completely tax free. The caveat is that you cannot withdraw them until you are 59 1/2.

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post #14 of 27 (permalink) Old 10-04-2019, 09:17 AM
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I’m not as smart as u guys..I tried it ....was too labor intensive for me...I got a guy.....good luck....

My brother is smart...back in the day he bought Qualcomm for $34...I believe he sold at $400....still spending that fundage...


Phil...(72)”Nobody told me I die at the end”
2006 (bought new)...1300R Candy Black Cherry,DARKSIDE,foots mod.. ..

Last edited by TennX; 10-04-2019 at 09:19 AM.
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post #15 of 27 (permalink) Old 10-04-2019, 01:38 PM
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Originally Posted by Sandman333 View Post
I got stopped out of my final FCX Put position today. Total profit of $594.50 on $619.50 capital risk = 95.96% return in 15 days. Not bad at all.

Currently looking at AMTD 18 OCT $35 Calls and AXSM 20 DEC $25 Calls. Both have very nice chart setups.
I was a professional trader for 3 decades , I once made $80K in 90 seconds trading a stock/scam.... it was Freeport that discovered that it was all a scam
https://en.m.wikipedia.org/wiki/Bre-X#Fraud_exposed

https://money.cnn.com/magazines/fortune/fortune_archive/1997/06/09/227519/index.htm
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post #16 of 27 (permalink) Old 10-04-2019, 02:44 PM
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I was a professional trader for 3 decades , I once made $80K in 90 seconds trading a stock/scam.... it was Freeport that discovered that it was all a scam
So, are you telling us this from a jail cell, or is that why you're in Mexico now?

Maybe I'm missing something regarding your admittance.
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Take Care...and, Stay Safe!

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post #17 of 27 (permalink) Old 10-04-2019, 10:42 PM Thread Starter
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Thunder Road was the forum member I was looking for. Anyone know what happened to him? Last activity here was 2016.

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post #18 of 27 (permalink) Old 10-05-2019, 10:14 AM Thread Starter
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This is the best trade I've made so far. $820 risked and $4130 profit in one week. That's 504% return on capital. $820 is not at all unreasonable for me to risk. Unfortunately, this was in my paper account (so, not real money, but it does use real market data to execute the trades). I'm working on building my trade account balance so I can take advantage of opportunities like this one.
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File Type: jpg Best Trade.jpg (29.9 KB, 5 views)

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post #19 of 27 (permalink) Old 10-05-2019, 10:24 AM
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Quote:
Originally Posted by Kn!ght View Post
I was a professional trader for 3 decades , I once made $80K in 90 seconds trading a stock/scam.... it was Freeport that discovered that it was all a scam
https://en.m.wikipedia.org/wiki/Bre-X#Fraud_exposed

https://money.cnn.com/magazines/fort...7519/index.htm
Quote:
Originally Posted by LJ View Post
So, are you telling us this from a jail cell, or is that why you're in Mexico now?

Maybe I'm missing something regarding your admittance.

Let’s hope he aint bragging...


Phil...(72)”Nobody told me I die at the end”
2006 (bought new)...1300R Candy Black Cherry,DARKSIDE,foots mod.. ..
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post #20 of 27 (permalink) Old 10-05-2019, 06:44 PM
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A friend I used to work with bought a ton of Apple stock back in 2001 and still has most of it. Made him a couple of million over time. I've never traded myself so wouldn't know where to start but I'm thinking about a couple of cannabis startups to invest a little bit in to sit on.

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