WIZARD of OZ - I am going to make an appointment to see the Wizard of Oz and ask for (Courage) but courage without brains will get one slaughtered. When I was in my early 20s at E. F. Hutton, I doubled my $1,000 everyday, $1,000 became 2, became 4, became 8, became 16, became 32. I asked all the older brokers, so whats so hard about this. They replied, Just come and see us when you lose it all back. On the 6th trading day, I turned $32,000 into $1,000. Okay, now I am ready to listen. What I was told is Youth and Courage will not win over Wisdom, Maturity, Experience and Treachery. Wizard of Oz - https://youtube/watch?v=23ZqedYqBpQ S&P 500 E-mini and Nikkei 225 futures - the moves on both were 74 points and 1050 points. It is hard to catch it all, but it was reasonable to catch 67 and 960 points respectively up to now. The margins on the futures are $4,400 and $5,060 respectively. The return since yesterday evening have been 76.14% and 94.87% respectively. Knowing when to press with the profits, parlaying is and art, as knowing when to pair back and get out!. So why only use a small manageable amount of the account for futures? We can be right 90% of the time, we can be right 100 times in a row, but if a fool wants to parlay it all, shoot for the moon and do the double or nothing way ... eventually it becomes nothing.
Posted on: Thu, 18 Dec 2014 11:24:56 +0000