MQP INFINITE REGRESSION #005 SECOND CHANCE TO WALK AWAY PART 1
THEY SAY 98% OF TRADERS LOSE MONEY, DON'T THEY? THIS IS FOR THE 98%.
Well honestly, nothing I can do can change that ratio. It's built into our genetics as a species. Only so many people can play NFL quarterback. Only so many can sing, can dance, can act, can be president. Only so many traders can be successful.
I have spent 7 years trying to create trading software that can defeat the odds. What I have found is that it can only if I am willing to assume to temperament and psychology of a successful trader. It is funny to say, but I have suspected that to be true prior to making my first trade. That said, on my quest for this holy grail, I have found many upon many people who have been devastated by the nature of this beast. After that devastation, many people simply want a second chance - not at this career - but if they could, dial back the risk taking to save some money for school, for rent, or healthcare, for family, for loved ones. Unfortunately, many have been driven to devastation by greed, fear, loss and regret. All of this of course, not without love. Love is the reason that we want to be successful, if only to make life better for the people around us.
So what?
I can't fix the 98% problem. I can, however, offer a second chance to walk away, at an extremely reasonable price. That is to say, if you are down 98,000. You are not making that back easily unless you have $2 Million. But what if you can only afford 2000 or even 1000? You will not get a better opportunity from a risk/reward perspective, to walk away even. That is to say if successful, you should take the money and run.
THIS TRADE IDEA, I PRESENT THIS AS IS. TAKE IT OR LEAVE IT.
THIS TRADE IDEA IS NOT READY TO GO, IT NEEDS ABOUT 40 DAYS TO DEVELOP. (The factors that enable such trade are all falling into place)
THIS METHODOLOGY HAS TAKEN ME 2500 DAYS TO DEVELOP.
THIS IS THE OUTLINE FOR SILVER'S 50:1 IN LATE SUMMER.
Live numbers put this trade at a 100:1, 50:1 is a conservative estimate. That is to say, risking 1,000 should clear 50,000 return. Since the entry is 40 days out, THERE IS NO TRADE AT THIS POINT. However, if you want in on this trade, you need:
1) an options enabled account at a,
2) brokerage that that offers tickers that is direct 1:1 with silver prices (I use SLV options, you don't have to, just choose a relative price at that time in which ever security you choose)
3) funds ready to go by July 23rd (I actually don't think the entry will occur until August 4th or 5th, but get ready just in case)
OBSERVATION/PRESENTATION: JUNE 28TH TO JULY 23RD
ENTRY WINDOW: JULY 24TH TO AUGUST 5TH
EXIT WINDOW: AUGUST 20TH TO SEPTEMBER 5TH
VEHICLE: SILVER WEEKLY OPTIONS (I use SLV options, you can choose whichever ticker options that is 1:1 with silver).
First some back ground: (I will add soon)
Well honestly, nothing I can do can change that ratio. It's built into our genetics as a species. Only so many people can play NFL quarterback. Only so many can sing, can dance, can act, can be president. Only so many traders can be successful.
I have spent 7 years trying to create trading software that can defeat the odds. What I have found is that it can only if I am willing to assume to temperament and psychology of a successful trader. It is funny to say, but I have suspected that to be true prior to making my first trade. That said, on my quest for this holy grail, I have found many upon many people who have been devastated by the nature of this beast. After that devastation, many people simply want a second chance - not at this career - but if they could, dial back the risk taking to save some money for school, for rent, or healthcare, for family, for loved ones. Unfortunately, many have been driven to devastation by greed, fear, loss and regret. All of this of course, not without love. Love is the reason that we want to be successful, if only to make life better for the people around us.
So what?
I can't fix the 98% problem. I can, however, offer a second chance to walk away, at an extremely reasonable price. That is to say, if you are down 98,000. You are not making that back easily unless you have $2 Million. But what if you can only afford 2000 or even 1000? You will not get a better opportunity from a risk/reward perspective, to walk away even. That is to say if successful, you should take the money and run.
THIS TRADE IDEA, I PRESENT THIS AS IS. TAKE IT OR LEAVE IT.
THIS TRADE IDEA IS NOT READY TO GO, IT NEEDS ABOUT 40 DAYS TO DEVELOP. (The factors that enable such trade are all falling into place)
THIS METHODOLOGY HAS TAKEN ME 2500 DAYS TO DEVELOP.
THIS IS THE OUTLINE FOR SILVER'S 50:1 IN LATE SUMMER.
Live numbers put this trade at a 100:1, 50:1 is a conservative estimate. That is to say, risking 1,000 should clear 50,000 return. Since the entry is 40 days out, THERE IS NO TRADE AT THIS POINT. However, if you want in on this trade, you need:
1) an options enabled account at a,
2) brokerage that that offers tickers that is direct 1:1 with silver prices (I use SLV options, you don't have to, just choose a relative price at that time in which ever security you choose)
3) funds ready to go by July 23rd (I actually don't think the entry will occur until August 4th or 5th, but get ready just in case)
OBSERVATION/PRESENTATION: JUNE 28TH TO JULY 23RD
ENTRY WINDOW: JULY 24TH TO AUGUST 5TH
EXIT WINDOW: AUGUST 20TH TO SEPTEMBER 5TH
VEHICLE: SILVER WEEKLY OPTIONS (I use SLV options, you can choose whichever ticker options that is 1:1 with silver).
First some back ground: (I will add soon)
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*** I will make PIRL version 5 available for free when this trade develops so peopple can track its progress.
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BTW, if you haven't read about Wallstreetbets' #silversqueeze. I highly recommend it for some market background.
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BACKGROUND ON PREVIOUS SILVER FORECASTS: If you'have been following, I've been tracing the silver breakout that was originally forecast for June (yes, old forecasts had it out to August/September new forecasts always supersede old forecasts). Prior to FOMC shenanigans in gold, I also forecasted A FINAL CHECK DOWN FOR SILVER. WE ARE A DAYS FROM THAT BOTTOM. Here are some of the previous forecasts:
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JUNE 21
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JUNE 15
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JUNE 9
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MAY 27
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APRIL 26
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APRIL 13
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APRIL 03 (this is actually going be not far off, just a tad early)
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