$250.00 to $40,000.00 in 6 weeks!

[qldfrog]

I am less harsh than many; He did gamble and won, let's not call this a system, and for your own good, put money aside, pay back mum and double the 250;
then trade, and stop gambling

 

[brty]

Tollbridge,

With your new thread, start with the $250 again, put the rest of the money into a different account. It will be no problem to build it up to $50k again if you really are onto something, plus nothing really lost if you can't repeat it.

Qldfrog, I'm also of the belief that Tollbridge probably did make the money. The real question is, is it repeatable?


Also going back to Ivant's threads, it is quite possible that ponying up and then stopping and starting again is a very legitimate way to trade. ie start $10k or $20k, use 10% or some other stop, build up to $100k- $500k, stop, then start again with the $10k or $20k.

If it is just luck, no problem, if your on to something, no problem, it's repeatable.

 

[barney]

it is quite possible that ponying up and then stopping and starting again is a very legitimate way to trade. ie start $10k or $20k, use 10% or some other stop, build up to $100k- $500k, stop, then start again with the $10k or $20k.

Many years ago I met a professional gambler (horses), who did exactly that .....

He would only start "betting" with 20% of his capital. ie. He would always hold 4 reserve Banks of the same cash equivalent of his actual punting Bank. (eg. $10,000 out of a total Bank of $50,000)

Once the initial Bank was "compounded" to 2X 3X or ?X, he would simply put aside a certain amount of his profits and start again.

Trading Horses is a lot harder than trading markets, so Binary Options traded in the same fashion seems a sensible way to approach it.

I've always thought of BO's more like Scalping with the major issue being, finding a reputable Broker. It seems that IG may fit that bill .....

On that note, Tollbridge, a few quick questions .....

With IG, did you have any problems regarding fills/payments or anything dodgy at all with this type of Trading?

For example; any unusual chart spikes at inopportune moments? Are the cut off times for closing the trades strictly adhered to by IG, particularly when a position is in the balance of positive/negative?

When you take a Binary, I assume you are you still subject to the prevailing Spread on both opening and closing the Binary?

What is IG's rule if the entry price and exit price on the Binary is identical ... money back or a losing trade? Have you had many "identical" positions?

Cheers.

 

[minwa]

Done, it starts on Monday at around 10:30am. I'll make a separate thread and provide a link to it here.

Again, more promises that were not delivered. Don't try to seek attention when you can not follow through.

 

[pinkboy]

Done, it starts on Monday at around 10:30am. I'll make a separate thread and provide a link to it here.

pinkboy

 

[barney]

LOL .... that's very funny Pink ...... but I must confess that, given my never ending belief that humans generally tell the truth ..... I thought Tollbridge would post up that thread as he said he would ...

C'mon Toll, I'm on your side here .... prove all the doubters wrong! ...

PS. You don't need to start your new thread with only $250 ....... Seriously, if you started with $1K and turned that into $2K, I think most would be have to accept you might be on to something ... otherwise, it was all a waste of time ... (I just hope you didn't blow up your $50,000 account trying to prove something you didn't need to!

 

[tollbridge]

https://skydrive.live.com/redir?resid=422F9672C2CAF17F!2340

That's the link to the hotel I stayed at.

I really don't have the time to post "live" trades due to the fact that I'm in and out in 5 minutes (that's the nature of the trade). I will however be happy to post official IG statements as they come into my inbox.

I will start a new thread for this.

 

[tollbridge]

Many years ago I met a professional gambler (horses), who did exactly that .....

He would only start "betting" with 20% of his capital. ie. He would always hold 4 reserve Banks of the same cash equivalent of his actual punting Bank. (eg. $10,000 out of a total Bank of $50,000)

Once the initial Bank was "compounded" to 2X 3X or ?X, he would simply put aside a certain amount of his profits and start again.

Trading Horses is a lot harder than trading markets, so Binary Options traded in the same fashion seems a sensible way to approach it.

I've always thought of BO's more like Scalping with the major issue being, finding a reputable Broker. It seems that IG may fit that bill .....

On that note, Tollbridge, a few quick questions .....

With IG, did you have any problems regarding fills/payments or anything dodgy at all with this type of Trading?

For example; any unusual chart spikes at inopportune moments? Are the cut off times for closing the trades strictly adhered to by IG, particularly when a position is in the balance of positive/negative?

When you take a Binary, I assume you are you still subject to the prevailing Spread on both opening and closing the Binary?

What is IG's rule if the entry price and exit price on the Binary is identical ... money back or a losing trade? Have you had many "identical" positions?

Cheers.

Finally, somebody gets it - I just wish I described it in that way in the beginning. I made binary trades based on technical analysis throughout the 3rd July, I then realised that this could be quite profitable and on the 4th of July I went nuts and basically thought "it's now or never". I placed 3 binary trades in succession using my full account balance on all three trades, this gave me an account balance of $10,000.00.

On the 21st July whilst in hospital for you dicks who don't believe I have a chronic illness, I'll post a medical certificate for you guys to verify that too if you want I made another 3 binary trades, 2 profitable netting me $2000.00 and one unsuccessful at a loss of $300.00.

On the 4th of August I made $3,750 from 6 binaries, 4 profitable, 2 unprofitable.

At this point I was sitting on around $15,000 and I felt invincible, as if I'd finally found a system that works and will make me a millionaire. Surely I'm not the only one who has had that feeling after a few good days of trading.

For some strange reason, I withdrew $2,000.00 from my account on the morning of the 5th of August. I was going to give it to Mum as it had been roughly a month since she had given me the initial $250.00 to invest for her.

I don't know what happened on the 5th of July but I made 5 binary trades, all unprofitable:
$500.00
$725.00
$5000.00
$2500.00

My account balance was $4.00 and yes, I felt sick. It wasn't the money, it was the fact that I had disregarded all the rules in my trading plan, I am not a newbie - I've been doing this since I was 14. I have a trading plan which I normally follow to the book, but on the 5th of July everything disappeared.

On the 6th of August I made 8 binary trades - all profitable. I used the $2,000 I had withdrawn and made a profit of $18,000.00 turning it into $20,000.00.

You can check the rest of the trades out but I've now earned my mother approximately $51,000.00.

IG Markets
I have unfortunately incurred some strange behaviour on a couple of occasions.

i) When you enter an amount into the Sprint Market panel of the trading platform above $20,000.00 it does show a return of circa $36,000. When you attempt to place the order (in my case after waiting several hours for the right position) an error message occurs stating "Price not good in underlying market". I called IG and was transferred over to the "Sprint Market Desk" and the agent told me that there's a variable limit dependant on the number of traders etc. I was pissed off because the trade would have been profitable and the quoted price paid.

ii) Yesterday I placed a short trade literally 3 - 5 seconds prior to the S&P200 dropping, the screen froze and a message appeared stating "the quoted price is no longer valid". Again, the trade would have been in my favour.

With the exception of the above I have been very happy with IG. I love the platform, it's extremely easy to use but at the same time very customisable. Because I'm trading IG's AUD200 and not the actual S&P200 I have a separate screen with a live feed of the S&P200 and I have never found any irregularities.

 

[pinkboy]

whilst in hospital for you dicks who don't believe I have a chronic illness, I'll post a medical certificate for you guys to verify that too if you want[/B]

Yeah k, post away.

pinkboy

 

[tollbridge]

Live trading blog as requested:

https://www.aussiestockforums.com/forums/entry.php?b=1093

 

[basilio]

Fascinating thread....

I think Tollbridge has had a charmed run. It's also possible he has some particular skill as well. After all card counters in casinos are banned because they have developed a way to turn the odds in their favour when clearly the house doesn't want to see that.

I can also relate to his story. Early in my investing days I did very well. I managed to pick a few bolters and looked at some quite handsome numbers on my accounts and thought how clever I was with my investing strategy....

Now ? Just not so clever. My "winners" have died and most of the plays I have made subsequently have failed. In retrospect I should most certainly have cashed in my chips somewhere near the top, paid tax on my "winnings" and gone back to making an honest living.

I can also remember the story of young guy in Adelaide who is very interested in the market, borrowed money from his mum and proceeded to make quite a decent killing over a couple of years. He seemed to be a thoughtful and clever investor/trader. (He has been on ASF as well.)

I believe he took a chunk out of his monies as cash and then went back into the market. I suspect a few of those shares have been beaten around the ears since. I did follow his website and trades and he was sincere and honest in his approach. He should be finishing his uni degree by now.

So good luck Tollbridge. I hope you can manage to hold onto your "winnings ". If in fact you have manged to turn a zero sum game (less transaction fees) into a consistently winning story it is revolutionary. But naturally the proof is in the pudding.

 

[barney]

IG Markets
I have unfortunately incurred some strange behaviour on a couple of occasions.

i) When you enter an amount into the Sprint Market panel of the trading platform above $20,000.00 it does show a return of circa $36,000. When you attempt to place the order (in my case after waiting several hours for the right position) an error message occurs stating "Price not good in underlying market". I called IG and was transferred over to the "Sprint Market Desk" and the agent told me that there's a variable limit dependant on the number of traders etc. I was pissed off because the trade would have been profitable and the quoted price paid.

ii) Yesterday I placed a short trade literally 3 - 5 seconds prior to the S&P200 dropping, the screen froze and a message appeared stating "the quoted price is no longer valid". Again, the trade would have been in my favour.

With the exception of the above I have been very happy with IG. I love the platform, it's extremely easy to use but at the same time very customisable. Because I'm trading IG's AUD200 and not the actual S&P200 I have a separate screen with a live feed of the S&P200 and I have never found any irregularities.

Thanks for the info.

Fascinating thread....

Now ? Just not so clever. My "winners" have died and most of the plays I have made subsequently have failed. In retrospect I should most certainly have cashed in my chips somewhere near the top, paid tax on my "winnings" and gone back to making an honest living.

You've been taking the same trades as me

 

[>Apocalypto<]

Fascinating thread....

I think Tollbridge has had a charmed run. It's also possible he has some particular skill as well. After all card counters in casinos are banned because they have developed a way to turn the odds in their favour when clearly the house doesn't want to see that.

I can also relate to his story. Early in my investing days I did very well. I managed to pick a few bolters and looked at some quite handsome numbers on my accounts and thought how clever I was with my investing strategy....

Now ? Just not so clever. My "winners" have died and most of the plays I have made subsequently have failed. In retrospect I should most certainly have cashed in my chips somewhere near the top, paid tax on my "winnings" and gone back to making an honest living.

I can also remember the story of young guy in Adelaide who is very interested in the market, borrowed money from his mum and proceeded to make quite a decent killing over a couple of years. He seemed to be a thoughtful and clever investor/trader. (He has been on ASF as well.)

I believe he took a chunk out of his monies as cash and then went back into the market. I suspect a few of those shares have been beaten around the ears since. I did follow his website and trades and he was sincere and honest in his approach. He should be finishing his uni degree by now.

So good luck Tollbridge. I hope you can manage to hold onto your "winnings ". If in fact you have manged to turn a zero sum game (less transaction fees) into a consistently winning story it is revolutionary. But naturally the proof is in the pudding.

There was a fella i heard about traded with CMC sold the audusd at 97 at the start of the GFC held the trade till 10 cents in profit. figure was around 100K made off that trade.

so these things can be done. well done Tollbridge

 

[skc]

I can also remember the story of young guy in Adelaide who is very interested in the market, borrowed money from his mum and proceeded to make quite a decent killing over a couple of years. He seemed to be a thoughtful and clever investor/trader. (He has been on ASF as well.)

Are you talking about PVF? If so then unfortunately he went heavily into AJQO (~$100k) and that position is now worth zero. Which is a great shame as he had some pretty good insights on various stocks, well before the general mass got onto the story. He's always had this style in his investing... which is probably ok with FPO equities. The biggest problem was of course the choice of option as the instrument. They expire before there is a chance to prove he's right. And to me that's essentially the same for binaries - a "time boundary" that erodes one's edge considerably.

The lesson, as always, is that it's easy to come into a good/great run - during which time it's difficult to distinguish between skill andr luck. It's much harder to keep the winnings unless you manage your risks.

 

[Wysiwyg]

There was a fella i heard about traded with CMC sold the audusd at 97 at the start of the GFC held the trade till 10 cents in profit. figure was around 100K made off that trade.

so these things can be done. well done Tollbridge

Different as per follow up post. That trader let their profit run.

The lesson, as always, is that it's easy to come into a good/great run - during which time it's difficult to distinguish between skill andr luck. It's much harder to keep the winnings unless you manage your risks.

Extreme risk resulting in extreme gratification or extreme loss. We know longevity in the game is rare with this strategy.

 

[tech/a]

Sure the seemingly impossible can be done.
Did it myself with housing 1996 to 2014

Tech Trader traded live for 6 yrs on the net and
turned $30K into $369K when we sold out the portfolio.

Back in 1995 I did Tech Analysis 101 with the Securities Institute in Adelaide.
There was a young guy there who was a phone Jockey for a broker.
At break he was rattling on about the 100000 DVT (Davnet) he'd just bought for 6c
As time went by I became friends with him and 12 mths later he moved to Sydney.

I kept in contact by email and tracked DVT.
It went to $7.59 from memory and I remember saying---When are you going to sell it!

His reply---"This is my million dollar trade so $10.06."

One day out of the blue when DVT was $3.76 I received an email simply stated
SOLD IT---buying a house! That was 1998 from memory.

Can certainly be done.

 

[trainspotter]

I thought you said you took out the $2000 to go to the Goldie and stay at the Palazzo Versace?

 

[barney]

I thought you said you took out the $2000 to go to the Goldie and stay at the Palazzo Versace?

Toll can correct me if I'm wrong .....

He took the first $2000 out of the first $15,000 to give back to his Mum, but then lost most of that $15K, so used the withdrawn $2K on his second phase of trading to make the $40K.

He took another $2K out of that $40K winnings to go to the Palazzo ..... that's how I interpreted it anyway

 

[tollbridge]

Toll can correct me if I'm wrong .....

He took the first $2000 out of the first $15,000 to give back to his Mum, but then lost most of that $15K, so used the withdrawn $2K on his second phase of trading to make the $40K.

He took another $2K out of that $40K winnings to go to the Palazzo ..... that's how I interpreted it anyway

That is correct. I also withdrew more, I think around $6,000 to date. I bought a suit and have a lot of cash, bills paid off etc.

 

[pinkboy]

It's a pity cash can't buy a personality.

pinkboy