Never Lose Again

[razorboy]

just looked at the website.......

how financially secure do you think these guys are...........I am assuming they are on the opposite side of your trade..........

[razorboy]

having spent some time in the factoring business - lending is not as easy as it seems

When I first started trading Futures I noticed that I was right about direction the vast majority of the time which is why I started hedging with options and then just trading options.

There are several advantages to trading options:

Limited & known risk combined with staying power it the largest advantage.

I made 98% of my money repeating the following over and over:

1. Buy a call option on the longer term direction

2. Liquidate option at a fat profit and go long the outright

3. Use the profit gained as a stop loss.

What started off as a limited risk feeler bet for $1,400 per option turned into over $30,000 per contract.

I believe that similar strategies can be created using a combination of BOM or Nadex and MbTrading.

If you want to trade risk free then open an account at www.lendingclub.com and become a lender.

If you loan $10,000 then you will receive ~ $900 a year payed MONTHLY along side principal.

Take the "free" money and place feeler bets on BOM

Use the profit from the feeler to fund a longer term trade.

At the end of the year take the profit and lend more money to create a money snowball effect.

[MightyOne]

just looked at the website.......

how financially secure do you think these guys are...........I am assuming they are on the opposite side of your trade..........

I assume that you are talking about BetOnMarkets in which case they are on the other side of your bet.
BOM accepts bets up to $50,000 compared to EzTrader's $1,500 and AnyOption's $3,000.

It seems that they are not widely trusted as the person with the largest 10 day profit only has $144,000 in his account.

If they are paying the guy making $10,000 a week(?) then I am sure that you have little to worry about if you open an account for under $10,000.

Just ask for checks and ask for checks often

Nadex matches customer orders and is regulated by the CFTC so that is where I would place a significant number of dollars.

Lending:

I currently have loans through PROSPER, but they are in a quiet period at the moment.
So long as you are diversified over 50, 100, 200+ borrowers I do not see a problem.
I think that person to person lending is great...

[Patch]

Hi dragon33

I've begun Never Lose Again thread, page 001 and seea post from you back on 9/18/2008. This means you came over from Baby Pips. I just downloaded the two zip files from Shane, and am thankful and wonder when will I ever read this thread and BabyPips. When people shut down open and free discussion of ideas, freedom and the human spirit lose.

I've got a long way to go to catch up. I attended the first Pirate Convention in Tucson, then ended up eventually falling away for personal reasons. Now I am thrilled to be back with my matey pirates pillariging the US banks, the definitely need to be pillared big time. jb

[teoman]

Relative Strength Basket Trading System




http://www.forexfactory.com/showthread.php?t=123284

[teoman]

Ed Seykota


http://www.youtube.com/watch?v=LiE1VgWd ... r_embedded

[pierre23]

Relative Strength Basket Trading System




http://www.forexfactory.com/showthread.php?t=123284

Hi teoman, I was looking at this exact thread late last week, and was planning to look into/test it throughout this week. Have you any personal comments on it, have you used this before?

[pierre23]

Find which way the market is moving and trade with it..

Had some drawdown on the first trade, which was my "testing the water" trade (10 lots) so it was ok to hold it out. tp both positions at green line +8.2%. After it broke the line went short at 129.70 for a quick +1.8%

Maybe some consolidation then a continuation upward? We'll see.

[monolisa]

Good trade, pierre23.

Looks like GBPJPY just went thru a channel of no resistance (or stops) - 40 pips. More to come??

Lis

[pierre23]

Will hold this short.