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[RT] CORN UPDATE - NW



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RT,
 
 Please see my Oct. 10, Dec. Corn trade below in my P.S 
and the trading plan in the preceding paragraph.  I am now exiting on 
Wed. opening, should yield over $1,000 per contract, using 
simple cycle, a $200 max. drawdown, and less than $500 margin.
 
 
Regards
 
Norman
 
 
----- Original Message ----- 
From: <A 
title=nwinski@xxxxxxxxxxxxx href="">Norman 
Winski 
To: <A title=realtraders@xxxxxxxxxxxxxxx 
href="">realtraders@xxxxxxxxxxxxxxx 
Sent: Sunday, October 12, 2003 3:00 PM
Subject: Re: [RT] OK....which market???
<FONT 
size=2>
 
  With $2,000, you should restrict your trading to paper 
trading, put the money in the bank,
and keep saving until you are sufficiently capitalized to 
treat trading like a business and not
a lottery ticket.  Trading with insufficient capital, in 
other words trading from a position of weakness,
is a sure way to be nickle and dime yourself  into 
financial oblivion.  Once you can accumulate about
$10-15,000 in risk capital, you can consider trading a low 
volatility market such as Corn 1-2, turning
it 1-2 times per month for an average of 10-20 cents = $500 to 
$1,000.  If you can average 
$500 per month for 12 months, that's $6,000, which would 
represent a very handsome return
on the above recommended capital. 
 
Regards,
 
Norman
 
P.S. Disclosure: I went long Dec. Corn at 217 on Oct. 
10.  My current target is 246 or I will buy more
at 187.  
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Sean Cassidy 
  
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Sunday, October 12, 2003 3:05 
  PM
  Subject: Re: [RT] OK....which 
  market???
  
  <TABLE id=INCREDIMAINTABLE cellSpacing=0 cellPadding=2 width="100%" 
    border=0>
    
      <TD id=INCREDITEXTREGION 
       width="100%">
        I understand and appreciate that this is a very difficult scenario 
        with such limited cash. I have watched my guy call the market in live 
        trading for 4 months and believe in it. 
         
        With that being said, I accept resposnibility for the risk 
        involved. I just sent the post but still havent seen any specific 
        suggestions, other than to trade options on the QQQs.
         
        SMC
         
        -------Original 
        Message-------
         
        
        From: <A 
        href="">realtraders@xxxxxxxxxxxxxxx
        Date: Sunday, October 
        12, 2003 14:40:52
        To: <A 
        href="">realtraders@xxxxxxxxxxxxxxx
        Subject: Re: [RT] 
        OK....which market???
         
        I think that this is the wrong approach.  It has 
        nothing to do with the mentors ability to trade and everthing to do with 
        the results of past students that he is currently mentoring.   
        If the system works for them it should work for you.  
        <BLOCKQUOTE 
        >
          ----- Original Message ----- 
          <DIV 
          >From: 
          <A title=rhodes@xxxxxxxxxxxxxx 
          href="">RB 
          To: <A 
          title=realtraders@xxxxxxxxxxxxxxx 
          href="">realtraders@xxxxxxxxxxxxxxx 
          
          Sent: Sunday, October 12, 2003 
          2:13 PM
          Subject: Re: [RT] OK....which 
          market???
          
           Has this mentor should you his brokerage 
          statements for the last 3 to 5 years?  Or just the charts.  
          Also remember.  It is not the win rate.  It is the money 
          made!  You need to remember that.   You can be shown 
          charts showing all kinds of, what you could of or should of 
          done.  It is the money made-brokerage statements that 
          count.
           
          <BLOCKQUOTE 
          >
            ----- Original Message ----- 
            <DIV 
            >From: 
            Sean 
            Cassidy 
            To: <A 
            title=realtraders@xxxxxxxxxxxxxxx 
            href="">realtraders@xxxxxxxxxxxxxxx 
            
            Sent: Sunday, October 12, 2003 
            10:59 AM
            Subject: [RT] OK....which 
            market???
            
            <TABLE id=rem_INCREDIMAINTABLE cellSpacing=0 cellPadding=2 
            width="100%" border=0>
              
              
                <TD id=rem_INCREDITEXTREGION 
                 
                width="100%">Since there appears to be a consensus out there 
                  that the S&P is a very difficult market to trade, and we 
                  all know what not to do, could I get an idea what is exactly 
                  the best market to trade? 
                   
                  I am working for a company that has just been bought and 
                  may be losing my job in a few days. I have very limited cash 
                  to do this, probably about $2000. 
                   
                  What has been frustrateing me is that I have a trading 
                  mentor who is using the best most accurate method I have ever 
                  seen.It has an 80% win rate or so and uses a 1 point stop on 
                  the S&P (yes, 1 point). It is a very subtle method that 
                  uses boliinger bands and multiple time frame analysis. 
                   
                  Again with such limited capital, I am looking for 
                  opinions as to which is the most "tradeable", consistent 
                  market to trade.
                   
                  SMC
              
                
                  
                    
                    
                      
                      
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