the company extends him margin, but he began with 5K of his own money.....and 45k of theirs. he now has 8,000,000 in buying power but i have no idea what the breakdown is, nor is it my business to ask. i suspect that means he has done quite well and i know he is one of the most generous people i know.
as to your other questions regarding why they don't all follow the same strategy....in my VERY limited time there, it seems like they are all constantly growing and teaching each other. i think the attitude is one of constant learning (which i like very much). i sort of expected them to give me some cohesive strategy that they all use but that was surprisingly not the case.
he doesn't invest other people's money so no i have not asked him to invest mine ......although i would in a new york second if he did that!
he has not told me the rate of return i should expect if i use his strategy....which is constantly changing anyways. but he has done it now for 4 years and 3.5 of those years he has been successful save the one month in twelve when he goes backwards.
it does not seem to matter whether the market is decreasing or increasing.....they all seemed to do quite well the past 3 months (i am using "all" very loosely, but he told me that the past 3 months was good for the company). i think volatility is easier to trade (whether up or down....obviously "volatility" implies both).
i don't think my friend has any upwards limit on his goals, he is just very conservative and slowly moves the amount of money he is using upwards. he told me that some have made over a million in one month's time. he is the kind of guy who doesn't want to risk too much, but plays the angle where the risk reward is a very small number to be sure that whatever he wins is far more than what he loses. this seems to have worked out extremely well for him.....
as to your other questions regarding why they don't all follow the same strategy....in my VERY limited time there, it seems like they are all constantly growing and teaching each other. i think the attitude is one of constant learning (which i like very much). i sort of expected them to give me some cohesive strategy that they all use but that was surprisingly not the case.
he doesn't invest other people's money so no i have not asked him to invest mine ......although i would in a new york second if he did that!
he has not told me the rate of return i should expect if i use his strategy....which is constantly changing anyways. but he has done it now for 4 years and 3.5 of those years he has been successful save the one month in twelve when he goes backwards.
it does not seem to matter whether the market is decreasing or increasing.....they all seemed to do quite well the past 3 months (i am using "all" very loosely, but he told me that the past 3 months was good for the company). i think volatility is easier to trade (whether up or down....obviously "volatility" implies both).
i don't think my friend has any upwards limit on his goals, he is just very conservative and slowly moves the amount of money he is using upwards. he told me that some have made over a million in one month's time. he is the kind of guy who doesn't want to risk too much, but plays the angle where the risk reward is a very small number to be sure that whatever he wins is far more than what he loses. this seems to have worked out extremely well for him.....
