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Thread: Binance End Game Thread

  1. #651
    Senior Member Offshore Toon's Avatar
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    Let's go.

  2. #652
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    @Mellberg Is any further support required in this venture? I can put in a further £100, even £200 if required.

  3. #653

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    @Mellberg, you on nickel?

  4. #654
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    Quote Originally Posted by Dave. View Post
    @Mellberg Is any further support required in this venture? I can put in a further £100, even £200 if required.
    No thanks mate. £100 each. Keep things simple. Won’t matter when the account is 11mil.

    Just for everyone’s info I’m dry running the same strategy this week on a demo account with options. Want to be sure and risk management blah blah blah, plus need to be sat in the office at home with unwavering eye for this kind of leverage. Anyway, just trebled the account in an hour on that Nasdaq run. Admittedly it’s a bit of a beast (and I’m gutted it wasn’t real money), but scaled in as per and saw MUCH bigger benefits. Doesn’t even need to be 10% risk I don’t think. Maybe 3%. To fucking treble it. So yeah, exciting.

    Main issues, and to temper expectations a little, is there is no stop loss on options. Don’t know if that’s just this broker (IG), or standard. Means my processed way of preventing big losses is removed and I’ll have to do it by hand. Not sure how I’m going to manage that as could get nasty quite quickly. I have a whiteboard, so maybe write exit point down and just GET THE FUCK OUT when it reaches that. But the manual side of things will be a challenge as that split second can lead to you making some silly decisions and big losses. Might take a couple of big hits on the way up due to this. Might wipe us out. But we only need to 200% the account 7 times for 11 mil, so fuck it ennit.

  5. #655
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    Quote Originally Posted by Ben View Post

    @Mellberg, you on nickel?
    Afraid not. That is absolutely outrageous.

  6. #656
    Senior Member Boydy's Avatar
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    Quote Originally Posted by Mellberg View Post
    No thanks mate. £100 each. Keep things simple. Won’t matter when the account is 11mil.

    Just for everyone’s info I’m dry running the same strategy this week on a demo account with options. Want to be sure and risk management blah blah blah, plus need to be sat in the office at home with unwavering eye for this kind of leverage. Anyway, just trebled the account in an hour on that Nasdaq run. Admittedly it’s a bit of a beast (and I’m gutted it wasn’t real money), but scaled in as per and saw MUCH bigger benefits. Doesn’t even need to be 10% risk I don’t think. Maybe 3%. To fucking treble it. So yeah, exciting.

    Main issues, and to temper expectations a little, is there is no stop loss on options. Don’t know if that’s just this broker (IG), or standard. Means my processed way of preventing big losses is removed and I’ll have to do it by hand. Not sure how I’m going to manage that as could get nasty quite quickly. I have a whiteboard, so maybe write exit point down and just GET THE FUCK OUT when it reaches that. But the manual side of things will be a challenge as that split second can lead to you making some silly decisions and big losses. Might take a couple of big hits on the way up due to this. Might wipe us out. But we only need to 200% the account 7 times for 11 mil, so fuck it ennit.
    So we'll all be rich in a week then?

  7. #657
    Bookie Sir Andy Mahowry's Avatar
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    In Mellin we trust. Sort of.

  8. #658
    Senior Member Offshore Toon's Avatar
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    I say we all throw Mel £100 a month. That way it covers his £2.6k salary and we can get this shit over and done with by Christmas, riding around on TTH's latest superyacht The Mahow Express.

  9. #659

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    I've spent a lot more than £100 a month on stuff that only returns regret so I'm well seasoned. Why the fuck not.

  10. #660
    More successful than most Magic's Avatar
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    If we just go all in and do 1k each we'll all be millionaires.

  11. #661
    Senior Member Offshore Toon's Avatar
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    If he can make us millionaires from 1k, he can do it from £100 too. The initial stake isn't a huge factor in becoming rich here.

  12. #662
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    Why didn't we just give him £1 then?

  13. #663
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    Because you can get fucked.

  14. #664

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  15. #665
    Senior Member Disco's Avatar
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    It's a stereotype for a reason.

  16. #666
    More successful than most Magic's Avatar
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    Do you want my thousand or not you bald cunt.

  17. #667
    Senior Member Spikey M's Avatar
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    Yes please.

  18. #668
    Respect the point. Byron's Avatar
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    Even if we lose the money this has been some great craic.

  19. #669

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    Quote Originally Posted by Byron View Post
    Even if we lose the money this has been some great craic.
    And that's just with constant wins so far. The inferno when a chunk of money is inevitably lost will be tremendous; people cashing out for £105.

  20. #670
    Senior Member niko_cee's Avatar
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    Quote Originally Posted by Mellberg View Post

    Just for everyone’s info I... just trebled the account in an hour on that Nasdaq run. Admittedly it’s a bit of a beast (and I’m gutted it wasn’t real money) .
    Such a tease.

  21. #671
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    Update:

    Right, I've been fucking about and I'm ready to go. Been a VERY interesting week. Basically, x10ed a paper money account since that last post. Firstly, bit of regret, because our account would be at 50k now, but plenty of opportunity and safety first. Plus, I won't be that aggressive with real money anyway. But that is the potential we have here. However, the discipline required just to get out once you've scaled in, only for the the market to turn back on you before target is fucking monstrous (no stop losses for options). Have processed this as best I can, with the FUCK IT JUST GET OUT FFS limit being 10% of account.

    Anyway, not every trade will be an options trade. I'll carry on as I am for 80% of them, but the really nice set ups we'll go with that and hopefully do something obscene.

    Current account value is £5,155.19. Which means we're less than £100 short of 8 10% steps forward from original value of £2,445 (3 of these steps came from you boys). But moving in right direction and can hopefully put our foot down now.

  22. #672
    Senior Member Spikey M's Avatar
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  23. #673
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    1/17th of the way to 11mil if you take it as 5 10%s and ignore the late deposits.

  24. #674
    Administrator SvN's Avatar
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    So this time next year, we'll literally be millionaires?

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  26. #676
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    Quote Originally Posted by SvN View Post
    So this time next year, we'll literally be millionaires?
    I think you’d get just shy of 200k from 11 mil. 170kish. Estimate and running those numbers in my head.

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  28. #678
    Senior Member Disco's Avatar
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    I haven't paid enough attention to see if there's a set timescale on this, or are you just running it until it reaches a certain point/we start our own sovereign wealth fund?

  29. #679
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    We’ve been going, what, 3 weeks? 1/17th of the way there. Carry on at this trajectory and it will be 11mil by this time next year. Obviously that is unlikely to happen and it isn’t just mathematical. But the theory is there and as long as I can manage the ridiculous amount of actual and emotional variables, then it can be done. That was about average on performance I would say. So if we can now have a really strong fortnight/month we’ll make some serious headway.

  30. #680
    heavy like led Dark Soldier's Avatar
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    Can I take my money out pal thanks

  31. #681
    Senior Member niko_cee's Avatar
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    Secondary market!

    Start a bidding war for your stake, it'll get you more than the current mechanic.

  32. #682
    Senior Member Spikey M's Avatar
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    I've just shorted Mellin via PandaBet.

  33. #683
    More successful than most Magic's Avatar
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    Stock banter really is the worst. The dreaded canteen banker bragging about his new pension fund.

  34. #684
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    I’m happy to reimburse Magic if everyone agrees

  35. #685
    Senior Member Offshore Toon's Avatar
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    Nah, wait until you hit £11m and then give Magic's share to his mum.

  36. #686
    Senior Member Spikey M's Avatar
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    ouch

  37. #687
    Won the Old Board Lewis's Avatar
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    I thought we were done regardless in May?

  38. #688
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    I’ll keep going until I personally have a few mil in the bank. It’s boom or bust. 10k is of no interest to me. I want to retire, not go on holiday. Everyone else can withdraw as and when they hit whatever they want out of it.

  39. #689
    Isn't he banned? Baz's Avatar
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    Talking about reaching eleven mil like it’s 20k.
    I'm a twit

  40. #690
    I used to be funny.
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    "By the way lads, it's boom or bust with this pot of money that mostly isn't mine."

  41. #691
    Senior Member Spikey M's Avatar
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    I mean, he said that in the first post.

  42. #692

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    I’ve got my £100 worth in banter already so anything else is just gravy.

  43. #693
    I used to be funny.
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    To be honest, if I knew about the soft cap my pension contributions were under, I would've probably chucked a ton in.

    "Sorry, you can't go about this percentage because it bumps up against minimum wage. WE'RE DOING THIS TO PROTECT YOU."

  44. #694
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    Indeed. You want a chance at £170k from £100 for zero effort, then that £100, y’know, might be a bit exposed.

  45. #695
    Senior Member Offshore Toon's Avatar
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    Quote Originally Posted by Mellberg View Post
    I want to retire, not go on holiday.
    Preach it.

  46. #696
    Senior Member Lofty's Avatar
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    Exactly, this is the season long mega accumulator coming in for an ultimate bookie beating, not a shitty four fold on nailed on favourites so you can treat yourself to a new kettle.

    I want to put my notice in then get Mellin's name tattooed on my arse.

  47. #697
    I used to be funny.
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    You don't need that much space.

  48. #698
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    If anyone has a photo of 2x positive later flows they want to send me that haven't been pulled from the interwebz, I can crack on with this shit

  49. #699
    Senior Member niko_cee's Avatar
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    Positive?

    Might be easier to WhatsApp them too you as I can't be bothered to try and get them off my phone.

  50. #700
    I used to be funny.
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    Don't tell me you kept them, niko?

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