Great job. Sounds like you really turned that money we gave you into more money today.
Great job. Sounds like you really turned that money we gave you into more money today.
Fuck it, ordered these
Just got back from walking the dog, checked the price and it's plummeted 97 points to 12308
Post dog pics.
Just having a nose and the NASDAQ monthly histogram chart, which signals momentum, is lower than it was for the dotcom bubble, with the S&P edging toward the 2008 financial crash. Tough thing to turn. Works on averages. Nasdaq could put on 20% and it would still be bearish, as the histogram would still be negative. Then it reaches its tipping point and 99/100 collapses.
It's probably due a run up. 12250 feels very low (for now), but something to watch and be aware of. Long term trend very much down.
Last edited by Mellberg; 09-05-2022 at 04:04 PM.
This had better come off, I've not sold a single thing and my monthly income has dropped by about 2.5k lol.
Bought NASDAQ. £875 up in total. Was over a grand again, but lost some shorting () the Dax earlier. Account @ £9,584.
Don't want to jinx us, but not far off £10,100 now, which would be double starting figure. 7 more of those and we're at 1.2 mil. Feeling really happy with the strategy at the min. Balance between risk and reward is good in these conditions. Just fear the market going flat more than anything.
We should have a website called www.racetoamellion.co.uk that calculates the date we're due to hit a mil based off each trade.
Make it happen.
Just bottled that S&P rip and scalped it for £52. Struggling on the 15 min. Then it blasted 1 minute later. Would've took us past 10k easily. CUNTS.
Account @ £9,636
No trading tomorrow. Need a break. Make errors when I've spent too long at the screen. Go again Thursday and Friday.
Yeah, schedule in regular breaks otherwise the fatigue will hit without even realising.
What date was the first trade made?
My understanding is we're going for around £11m first, then Mel is allowed a couple of weeks off to party in Bognor Regis, before we do Round 2 (minimum £50k buy-in) to really take the piss.
Seeing as updating this thread contributed to the BOTTLE JOB last time out, why are you still doing it? Just give us a monthly update and don't explain it.
I don't mind. I have my head around it. People will be asking all the time if we go big, so might as well get in the habit.
Offy, can't figure that out to the date as the history isn't great, but deposits were 18th - 20th April.
Quick workings out show:
£1m - 4th August
£10m - 20th September
Everyone book the last week of September off. \o/
Slow down. Hypothetical, but there's zero chance we're moving from 5 mil to 10 mil at the same speed we've moved from 5k to 10k. Have to be aggressive now. Not so much then.
And the closer you get to the end, the more likely you'd cash out with what you have.
I've ordered a yacht brochure, got to pick one out for TTH meet 2022.
Slight adjustments based off current sentiment:
£1m - 4th August
£10m - 22nd September
Fuck sake, I've really got to wait another 4 months? Get on with it.
5 days without an update while the markets are crashing
They've been crashing all year. I've just had a break. Back in the chair today.
GBP/USD today. Long from 12220 and added size between that and 12235. BOE treasury committee meetings this afternoon (15:15). Can't see how that's not going to be packaged in any way other than in support of the pound considering how it's performed against the dollar this quarter. Hoping for a nice buffer by then, as will be volatile no matter what. If no buffer I'll probably kill it early, as dangerous if goes the other way. Started well. Nicely in the green at the min.
Cue collapse back to entry (it does this a lot at the moment).
Looked weak enough near the highs to be a risk, so fucked it off mainly to bank the 10k mark.
Account = £10,000.13
Lovely stuff.
Yanks have managed to get through the first hour without knocking off about 20%, the silly cunts, so I might do some more this evening. Missed the first move as it was too sharp for the primary timeframe I use (10 min). Need a retrace first. Looks like most things might just power through, but can't buy here as it's outside of THE PLAN.
Shinners, give Mellin his account back.
This is the srs bsns thread. I'll stick a few shit jokes in the Babes thread to chill your sandals.
Account @ 12,007
Short (!) on GBP/USD this morning. Now closed.
Excellent work.
Cracking stuff Mell.
Great work. Doubled our money.
Nice one that was. Straight line down. No drama.
Omg.
Nicely done but I thought you weren't getting involved in shorting? Don't be getting impatient.
Like I said, only when all the stars align. That was about as nailed on as you can get.
Didn't expect it to go that far tbh, but momentum was strong and it was easy to hold.
KUTGW Mellin.
What amount did we get to on the er..."practice run" btw? 9-10k?
I don’t think we made it to ten.
We definitely hit 10k. Think it was handed back the same day though.
Last night was brutal. Not too keen to get involved at the min. Gold held well, but that's the only play I'd go near today.
Gold strictly short term btw. This month has fucked the monthly chart big time. Everything I do is short term. No piggy backing, as I don't give a fuck about long term direction.
Just in case ennit.
Short em and abort em.
Ausome.
Account @ £13,298
Target 1 - £12,968
Target 2 - £33,637
Target 3 - £87,245
Target 4 - £226,292
Target 5 - £586,943
Target 6 - £1,522,379
Target 7 - £3,948,659
Target 8 - £10,241,804
Which takes us past target one. Each target is the same increase as a percentage, so you have a visual of how far we are away from each level.
I assume everyone is waiting until the end to get weighed in and not bottling out for a couple of grand half way through?
Absolutely. Anyone that bottles it shouldn't get compensated and should be auto-kicked out.
I'm out once I hit luxury weekend at Skeggy kind of numbers, I don't need grillz and rocket cars.