Australian (ASX) Stock Market Forum

$250.00 to $40,000.00 in 6 weeks!

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trainspotter said:
Ermmmm NO ! You are trading in securities and your neighbour is providing a service which is tangible.

Hey I tell you what .. why don't you give me the $40,000 you have made trading and I will "invest" it for you in an aquatic venture involving 258 acres of "A" Class reserve in the middle of the ocean with a disclosure statement blaming the vagrancies of the ocean for any future losses. :cool:

(PLACE TONGUE IN CHEEK FIRMLY HERE)
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I don't get it!

Why should your neighbour do roofing in a marine reserve?
Especially considering the homelessness (=vagrancies) in the area!!

(TURN THE OTHER CHEEK)

Negative buoyancy, indeed.
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Hee hee!
 
tollbridge said:
I wanted to turn the $2,000 back into the $15,000 I had lost the previous day. In the morning I put on a suit and dressed as if I was going to work. I actually felt confident, I knew I could do it.
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tollbridge said:
There is nothing in that website that isn't true
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There was nothing on the website that was useful either. However, it has a nice look and feel to it as a front. Did your big brother help out? It's interesting that the firm was deregistered with no loss of continuity for the trading name:

2014-08-14 23_54_09-download.pdf - Adobe Reader.png



----

It is technically feasible for you to have done this. A Bloomberg Professional subscription doesn't even bring you to par with the professional market. If that's all you have, you are trading with negative odds and may have won. Congratulations....but you should stop. Your luck will run out, it's only a question of when.

To people like skc, trading means something very different to placing positions in the market. Anyone can place positions in the market. Very few do so with positive odds. Perhaps you are one. The odds are not currently in favour of this conclusion based on the thread contents. I would look forward to seeing what your trading records indicate. More usefully, I look forward to your prior record before returning to full time trading. You have explained that you have a prior record and other sources indicate to me that your claimed record as an 'EDT' is closer to 3 years. So, there is a history that you have not acknowledged in terms of performance and which would be useful for assessing your prowess. Some of which extends into your High School years if the 10 year claim is true.

I hazard to guess that, if you are staking $250 from your mother, the other assets were essentially vapourised. In combination, your return record is -100%.

FWIW, The going rate for a hedge fund in the top echelons that generate the kinds of returns, sort of, that you have achieved sustainably usually return client money in favour of managing their own and charge the remainder 2% base fee and 30% of cumulative profits payable quarterly in arrears. That should get you through a few weeks.

BTW, what is your PhD thesis about? And can you please scan a copy of for M.AppFin testamur to Joe as well. Let's go backwards and lower the bar...how about the testamur for the B.Com? Now. Not in 2016 if things go well. I sort of suspect you don't have one/either. Don't worry about a PhD acceptance from FINSIA. I'll leave you that party conversation starter.

Thanks ASP. You shouldn't muck around with this stuff. You should probably leave and indulge in fantasy elsewhere. Thanks for the ride. But it's over.
 
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pavilion103 said:
I like turtles
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Forget about it, it doesn't matter what I post here nobody will believe it. Warren Buffet was all just good luck too.

Reading through my statement actually reinforced my idea that the trades were not purely random. On many occasions I bet far less than the available capital and experienced 13 losses out of around 40 trades.

It was not the same as going to the casino, but if that's how you feel then too bad for you.

I've got study and work to do.
 
tollbridge said:
Forget about it, it doesn't matter what I post here nobody will believe it. Warren Buffet was all just good luck too.

Reading through my statement actually reinforced my idea that the trades were not purely random. On many occasions I bet far less than the available capital and experienced 13 losses out of around 40 trades.

It was not the same as going to the casino, but if that's how you feel then too bad for you.

I've got study and work to do.
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Back up your claims with evidence.

No one would believe I had a World Record unless I could show my certificate.

You're now acting as if you couldn't be bothered to show your cards, because possibly your deceit has been exposed, in the truest style I might add!


pinkboy
 
View attachment ProofIG.pdf

OK - A promise is a promise.

Unfortunately IG can only provide statements minus 2 business days for settlement purposes, but I still made the $40,000.00 minus 2 business days ago so I'll use the statement they gave me.

From the 1st July 2014 until the 12 August 2014 I made:

A trading profit of: $68372.34
A trading loss of: $27522.60

Making a total profit of: $40849.74

Hopefully this statement will also show that it wasn't simply doubling up over and over again, I did believe it or not implement some strategy into my trading.

This does NOT include any entries in or out which are specified elsewhere on the statement.

This also shows multiple withdrawals that I made because I decided to go on a holiday to the Gold Coast, I flew Business Class and stayed at the Palazzo Versace. Do you want the invoice and boarding tickets for that trip to?
 
Were you overlooking the Marina or Sea World Drive?

Had a look at the PDF file you linked to. Will get back to you on the trades after a bit more research.
 
Throughout this thread I've been with those who have no need for you to prove that you made the money. Of course it's not impossible - and apparently has been done before.
I've watched someone make that amount in about an hour at a roulette table (and this was no where near high stakes) - they were drunk and had allegedly been on a winning run and was in the midst of an around Australia tour of the casino's. His luck certainly didn't run out that night!

Of course you could be lying, but I've had no problem assuming you're telling the truth and won the money.

There are more important things to be concerned about than whether you won the money - and that's whether you think a run like that means you have a positive expectancy trading.

Maybe you do, maybe you don't...but you're recent run proves neither.

Unfortunately mate, around most of us here...it actually seems a little more evident that you probably don't. But hey! I'm still going with my earlier post(s)! Prove that sentiment wrong and be the next Richard Dennis! I'd be sad for you though if you lost your money trying to do that when you could have done something sensible with it (if you like investing / trading...start doing it sensibly with the stake you now have). Especially if it's a big windfall for you (which it sounds like it is, given that it was borrowed money)...please don't blow it!
 
Retired summed it up. We shouldn't be giving Tollbridge oxygen to voice his claims.

Hope that Tollbridge gets a fan club. Preferable not here. I actually want to learn something and there are far more valuable posts than one. I haven't learnt anything. Great that Tollbridge can 'succeed' but it doesn't help anyone else.
 
McLovin said:
Hmmm...

So in October 2010 you had a Diploma of Business and decided university wasn't for you...

Now 4 years later you have a commerce degree, a masters of applied finance and are working on your doctorate.

https://www.aussiestockforums.com/forums/showthread.php?t=20817&p=585996#post585996

The time line doesn't really add up.:cautious:

You're also a big fan of Roger Montgomery. Yikes.
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Ok, Ok, I may have made a good story sound better by lying.

I dropped out of University and decided to trade full-time due to chronic illness, I do have a legitimate medical condition which forces me to be my own boss.

I have a Diploma of Business Studies, that's it. No Bloomberg Terminal - but I do watch Bloomy TV :)

I do admire Roger Montgomery and I just made $9,000 on the open. I'm on $49,000.00
 
tollbridge said:
1. OK - A promise is a promise.

2. Hopefully this statement will also show that it wasn't simply doubling up over and over again, I did believe it or not implement some strategy into my trading.
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1. You have made other claims relating to your qualifications and experience. Verify these please. Surely you are not too busy with your newly commenced B.Com (Financial Planning) studies to achieve this.

2. The trading statements you have thoughtfully provided are essentially a form of Martingale and Laddering concentrated into 9 days. These strategies increase your chances of securing wins on any particular run, but will either grind you down over time or blow you up pretty spectacularly depending on which wing you happen to be trading on a given run of wins/losses. It is not evidence of skill. On 12 Aug, you punted the farm with a $20k position which came through for $15k profit. That is evidence of exceptionally irresponsible risk management and absolutely no basis upon which to call yourself skilful. It is reckless.

These are casino strategies, ASP. When combined with false claims about your background of this degree of grandiosity, I can only hope your health is up to the challenges before you.

All the best.
 
Truth:

I started trading when I was 14 years old in and out of High School. I always wanted $10,000 to start trading properly with, but was never able to get it. I tried in vein with the small amounts I had ($2,000) but always lost.

10 years later and honestly after putting in $250 my account is now at $49,000.00.

I have no qualifications but a Diploma of Business Studies.

I take high risk trades that don't always pay off, but this time it has and in literally 1 and 1/2 months I've made what I used to make in an entire year.

I feel happy about it, I wanted to share my happiness.

I lied in order to try and get some forum members to believe me - I'm sorry. I'm not better than any newbie wishing to invest his $1,000 he got from his part time job (except he actually earned it).

Sorry guys, way to turn a good story into a bummer I know.

I'm going to continue trading, as it is what I believe I was born to do and I do genuinely have 10 years experience watching the market and soaking up financial news through AFR, magazines, blogs etc. in addition to trading my own money.

Honestly though, I did turn $250 into $49,000.00 in 1 and 1/2 months. That's a fact. And I will keep going.
 
tollbridge said:
Truth:

Honestly though, I did turn $250 into $49,000.00 in 1 and 1/2 months. That's a fact. And I will keep going.
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The truth is out there ! Like Retired Young posted "These strategies increase your chances of securing wins on any particular run, but will either grind you down over time or blow you up pretty spectacularly depending on which wing you happen to be trading on a given run of wins/losses."

bullshit_detector.gif
 

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