Search results

Weekly Update for week 41/50 ended 10/21/2011 Flattish, but negative, down $728 (0.4%). Winners here, losers there, adding up to nothing inspiring. Opening Balance: 175,465 Net loss for the week 728 -------------------------------------------------...

Not trying to justify my current performance. Just putting a positive face on a dire prognosis :)

Weekly Update for week 40/50 ended 10/14/2011 Good week, up 6K (3.6%). Some good run of trades (60% profitable) added up to a good week. Made the decision to limit my discretionary trades during market hours to just one per day. This is going to make me think better about the trade of the...

I hope you realise how many down-50% years it requires to make the account go down to 3K, barring withdrawals? Even then I would still have a cummulative P&L of 349K (+459%) since the start of the first thread in Feb, 2007.

Weekly Update for week 39/50 ended 10/07/2011 Bad week, down 6.7K (3.8%). Painful to report another low in equity. Took too many long mechanical trades on Monday, beyond the number of trades limit my automation should have taken and lost on a lot of them. Couldn't make that up the rest of...

Just a bit of correction in terms. I would be looking for equal "profit factor" (ratio of total gains to losses) - which to me is the edge - to have a comparison.

Thanks for your MC research. Looks like a good software to have. However, there are a couple of points that make the result questionable 1) You are assuming a constant percentage on the original $100K. That is how you could get a loss of more than $100K. Try doing the simulation with a...

Weekly Update for week 38/50 ended 9/31/2011 An OK week, up 4K (2.4%). Sized down, and did almost exclusively automated trades for the week. Busy developing/testing my momentum strategies that are supposed to provide a balance to my automation. Opening Balance...

Probably just 10% over a few weeks, enough to bring in some relief until the next down-leg.

Weekly Update for week 37/50 ended 9/24/2011 Another disastrous week, down 22K (11.4%). The big culprit was NFLX. I thought I could try my hands on a new thing: writing uncovered option. Sold $15K worth of Oct150 PUT on Monday as the stock was putting behind two days of huge declines...

What is the definition YOU used?

Weekly Update for week 36/50 ended 9/17/2011 Disastrous week, down 14K (6.8%). Was positive going into Friday, up +6K for the week, then got smoked for a total of 20K on two option positions. Just haven't learnt my lesson on position size on expiration day. Got so demoralized I did not...

Weekly Update for week 35/50 ended 9/10/2011 Negative week, down 5K (2%). Lacklustre week overall, with nothing big setting up. One attempt at a new strategy cost me 5K. Other than that, all was quiet. Opening Balance: 213,426 Net loss for the week 5,001...

Weekly Update for week 34/50 ended 9/3/2011 Flat week, up 2.3K (1%). System malfunction most of the week, not able to make much auto/mech trades. Opening Balance: 210,971 Net gain for the week 2,275...

Weekly Update for week 33/50 ended 8/26/2011 Another bad one, down 6.2K (2.9%). Was supposed to be a flat week until Thurs when I shorted OVTI @ 18.00 AH. Covered Fri PM @ 19.50 and went long at 19.00, sold @ 17.20. Wicked whipsaw. Total of about 10K lost. This is what happens when your...

Thanks for pointing that out. I didn't know you were paying that much attention :)

Weekly Update for week 32/50 ended 8/19/2011 Ugly as it goes. Down 34K (13.6%). No single big loser, but altogether a steep loss for the week. The worst came on Thursday with the market sell-off. My automation bought so many "oversold" stocks that kept plunging, ending the day with a...

Weekly Update for week 30/50 ended 8/12/2011 A good week, up 6K (2.5%) . Started bad on Monday, losing 7K. Glad I limited the loss to that as the bigger sell-off later in the day would have done much damage. Spent the rest of the week recovering and ended up moving into positive territory...

From three weeks ago, I changed to almost exclusively automated and mechanical (save for some pre-market/after-hour activity), the rules being laid out in blank and white via automation. It is not my intention to disclose such mechanical trades (except when the results are such that I can't keep...

Yeah still work a full time job. Nice to have for the past 19 months in my account