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The rational for RVBD as explained was that I was trying to "hedge" my position in CMG. I thought it was Friday, both are up huge on euphoria surrounding earnings beat, and anything could happen (market might change its mood) before close. Of the two I thought RVBD was more succeptible to a...

Thanks for the hint. I've seen that happen too. Caution is the keyword for next week.

Really? Did you see the date/timestamps on the trades? So if in the course of a year you've traded shares worth $100million on your $100K account, that means you've been levered 1000:1? Awful analysis.

Weekly Update for week 41/50 ended 10/23/2010 Tremendous week, up 60K(27%). Giant leap in confidence.. The week was a continuation of the big earnings momentum that started last week with GOOG. This week some of the great momo stocks delivered earnings, and I was just playing long after...

Weekly Update for week 40/50 ended 10/16/2010 Positive week, up 12.5K (5.9%). String of gains (13 of 16) added to make for some restoration in confidence. Biggest gainer was picking up some GOOG calls after their earnings on FRI, which I closed for a 5.7K gain. Back to trading my pared...

Weekly Update for week 39/50 ended 10/09/2010 Disastrous week, down 26K (10.8%). Another major set-back on my attempt to break out of this rut. New lows in confidence. I did have some premonition on Monday when I reached a high of +5K in P/L intraday only to close up barely +1K. I thought...

Weekly Update for week 38/50 ended 10/02/2010 Good week, up 12K (5.5%). Opportunities were rare, but when they showed up, it was high quality. Great winning rate (8 of 9 trades) made it all the more impressive. Greatest gainer was scooping up SPY calls on Tues morning after the 10am sell off...

Weekly Update for week 37/50 ended 09/25/2010 Positive week, up 3.5K (1.6%). Lots of activities, mostly trying to dig myself out of a hole dug on Monday. Initiated a bunch of short positions (automated and discretionary) that suffered with the massive rally. Down about 9K for the day. Spent...

Weekly Update for week 36/50 ended 09/18/2010 Better week, up 4K (1.8%). Finally had time to put on a number of discretionary trades in addition to the automated. Will keep trying to push on with the size limits in effect and see how that plays out by year-end. Opening Balance...

Weekly Update for week 35/50 ended 09/11/2010 Dead week, down $829. Was away from the market for much of the week on workshop. Automated didn't find much trades either. Need some stirring in the market. Opening Balance: 220,081 Net loss for the week...

Based on this analogy it is not even sensible to invest (no leverage) in the market. The annualised return of the market (DJIA) over the last century had been about 10%, and with max drawdown of 90% during the depression, the sharpe ratio is abysmal. Is that what you mean?

Weekly Update for week 34/50 ended 09/04/2010 Negative week, down 2.6K (1.2%). Was on a workshop for most of the week. Only one discretionary trade on Monday, losing 1.6K, while the rest were automated trades (including 2K lost to order duplication as a result of a bug). Will still be...

Weekly Update for week 33/50 ended 08/28/2010 Positive week, up 9.3K (4.4%). Small size plays all week, with decent win rate. Should have capped it up with a stellar day on Friday but it was not to be. Bought 70 SPYSEP 104 Calls @ 2.80 when the market dipped after 10am, but quickly decided...

Yes it was just an example to illustrate my point. Even if you do 102 to 100 to 102 (2%) there is still leverage handicap (much smaller, but compounded over scores of trades, it adds up to a significant draw-down when operating on leverage). Of course the moves doesn't have to be the same stock...

Weekly Update for week 32/50 ended 08/21/2010 More of the same, down 7K (3.2%). Was making some little gains and headed for a positive week until Thursday. Put in a trigger to buy SPY calls on pull-back. Did not realize a sell-off was happening. Closed later for a loss of 14K (Too much...

Didn't you smoke any POT today?

Maximum position size at one time (accumulated thru averaging down)

Just checked, and I am up 6K since you "begged" me (5/7/2010). That's not bad :) Yes, seriously, I am re-evaluating my discretionary trading. It is obvious I cannot continue like this. It appears given enough rope, I am all too eager to hang myself. At the same time I do not think ceasing...

Weekly Update for week 31/50 ended 08/14/2010 Sad week, down 23K (9.3%). Just when I thought I have taken a step forward, now a giant step backward. Started on Monday going long HPQ amidst the early sell off. Averaged down, and the result was -11K loss. Pared the loss the remainder of the...

Yeah, that stock had monster follow on rallies all week. I wish I held for more!