Sorry for no update yesterday. Had the day off. Getting square eyes. Sitting down for a little session now so you’re all in the loop.
Sorry for no update yesterday. Had the day off. Getting square eyes. Sitting down for a little session now so you’re all in the loop.
You’re doing great, no impatience on this end.
No trades = no losses.
Cheers boys.
No trades = no losses is exactly how it remained. Market is completely and utterly fucked. Finished the month deep, deep in the shit. Be interesting next week. May have to start shorting as if it doesn't find decent support very quickly it's going down big time.
Totally agree. No pressure to post or update until needed Mell.Originally Posted by Spoonsky
lol
'sorry guys you've given me money and i'm going to offer you absolutely no entertainment or money in return.'
what a scam this man has made.
Trading this week would have been suicide. The entertainment is being in the minority who didn’t lose shit loads the last seven days.
I'm no investing expert [etc, etc] but didn't the FTSE go up by about 150 points last week? Doesn't feel like you'd need to be Warren Buffett to avoid losing 'shit loads' in those conditions.
Still, KUTGW Mellin. :thumb:
Most markets had a terrible month all round. The FTSE recovered on Friday but I don’t know if Mellin bothers with that.
The FTSE last month was at the same level as 20 years ago, so I don’t trade it so much as generally the moves are smaller. It is starting to look strong near the highs whilst others are falling through the floor though, so one to watch and I’ll definitely start trading if it breaks. Pound’s collapsing against the dollar too, which is a good sign.
Phonics, I don’t think people are buying in for entertainment. They want money. I’m not here to put on a show. 1/23rd of the way there in 2 weeks, so bit of patience (from those who have contributed) and we might get there.
Last edited by Mellberg; 01-05-2022 at 02:33 PM.
Yeah, first time around, entertainment was part of it. This time, slow and steady.
And buying Dominican hookers with all your money.
Caught that rip on the S&P at the death a beaut. £794 in the green for the day, which takes us to £7,349. We’ve boxed off 4x 10% increases of the 70 required.
This is entertaining.
I haven't done the Rosetta Stone for the lanugage so it'll only be entertaining when either you're all millionaires or Mellin sends you a photo from Mauritius wiping his arse with your tenners.
Lost £23 over the last 2 days for about 16 hours work
Might put a post together today about what we're doing and how we're trying to achieve it.
Account @ £7,326
It happens. Still good progress overall.
Back on the wagon today. £232 up. Done for the day, as if you have a look at any index, other than the FTSE (which is holding pretty well near those highs again...), they have all given up almost all of yesterday's HUGE gains. Sensational stuff really. There may be people wind surfing off the top of buildings soon.
I've done you all a video, which I'll stick in once I've got round to hosting it. On the basics.
Account @ £7,558
Good stuff Mellin.
What was the final total of the investment pot, excluding any cumulative gains?
£5,050, so we're 50% up. 12 more for a mil.
Well when you put it like that.
Fuck me. Great stuff Mellin. All the proof I need to fully support this "slowly slowly catchy monkey" approach. KUTGW!
We're nicely placed. Churn a couple more 50%ers out and it starts becoming a grand a time and very interesting.
And just to reiterate we're doing this whilst the US market especially collapses. When that turns we should be laughing. I do enjoy watching it though as those fuckers have completely taken the piss with the upside. Would quite like to see it completely bottom out for both enjoyment and opportunity.
It's on a knifeedge this morning. Potential for a 10% drop across most major markets. I mean, it probably won't happen, but it's in play.
Brown Friday. Get the washing on.
Dax dropping 200 points in the first hour, as you do.
NFP (Nonfarm Payroll) @ 13:30. Big US data. That's the potential catalyst for a complete collapse (or reversal of course). Gut at the moment says good night.
Are you shorting things as well or is that more risky?
How much are we investing in the Euromillions each week?
Nik*
Have a few thousand tickets.
Boyd, with how much we're having to grow the account everything has to be extremely precise. If you were just whacking 100k down short on the Dax at all time highs and afford to hold then that would 99% of the time eventually pay, with patience. But we need to make profit off countless moves up and down, without getting caught out, to get anywhere. What I find is resistance is flimsier than support, in the sense that it may go down eventually, but likes to pop up another level or two first, which we cant afford to be risking or ride out, where as support is a lot sturdier and easier to predict. Even if the longs pay less than the shorts at the moment. Basically it's entry that's problematic.
Having said that if everything is aligned I will go short, but tend to bleed back profits other time trying to hit the next one, so it's mainly longs.
I see, cheers. I wasn't pressuring you to short or getting impatient or anything. Just want to understand what's going on more.
NFP result well above target. She lives for now.
I've lost what little respect I had for any of you.
We can always buy that respect back.
Guess who didn’t buy in.
As I've said, no gambling. No regrets.
An anti-gambling Irishman? You'll be off the booze next.
I can't believe Giggles hasn't got a pikey fighting league operating in his backyard.
As if he's letting them in his field.
Any action in the last few days? All I've read in the press is doom and gloom.
Yeah, the FTSE has joined the shitshow. Best not to do too much at the min. This is how we got stung last time. GBP/USD the only market we trade showing signs of life. I've got a base entry in near today's lows (12270). Adding size as it climbs. S/L @ average entry which I'm trying to keep below lowest support for now.
Hoping for a pullback on the US markets (Nasdaq 12680) as fancy a short. Opened below a really key trendline this week.
Have absolutely no read on commodities, so they are today's main plays unless some aggressive volume comes from somewhere. 13:00 maybe as there are BOE and FOMC speeches.
Last edited by Mellberg; 09-05-2022 at 09:57 AM.
Sod all that, GBP/USD has literally ripped as I was typing that. We're in.
Just buy some bonds and hold for 20 years Mell.
Took half @ 12319. Probably close the other half soon, but see if it has legs first. Would like to hold until 13:00 if possible, but if it starts to retrace I'll just GTFO and maybe try to buy again on a dip. We're probably going to pass the next 10% marker here though
Tenner profit for all.
Thought I responded to this. Definitely typed it out
No problem, if anyone has any questions just fire them in. Gives the thread a bit more life anyway.
Was your last day as a wage cuck on Friday?
Yeah, I've left now. Bonus is in the bank. Cuck life hopefully a thing of the past.
GBP/USD @ 13,370. Grand profit so far
Out @ 12,390. £1,151. Bosh. BOE blasting it through the roof at the end of the rally there as hoped. It might keep going, but that's not our game.
Account @ £8,709. 10% target passed and £150 until next one. Gonna go shit, shower and walk the dog
Mel coming in here like Vince McMahon ring walking
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