Wait, so Neke turned $6300 into $943k over 6 years including cash withdrawals?
2011: Rebuilding My Battered Account
- Thread starter neke
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Weekly Update for week 2/50 ended 1/22/2011
Another flat week, down $340 (0%).
Lots of volatility on the account this time, with earnings in the spotlight. The most dramatic was losing 18K on a call after FFIV reported on Thurs morning. Quickly reversed and got same number of puts, making 22K as the stock continued its decline. Well, that was some revenge trading: not recommended.
Another flat week, down $340 (0%).
Lots of volatility on the account this time, with earnings in the spotlight. The most dramatic was losing 18K on a call after FFIV reported on Thurs morning. Quickly reversed and got same number of puts, making 22K as the stock continued its decline. Well, that was some revenge trading: not recommended.
Code:
Opening Balance: 336,879
Net loss for the week 454
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Net Balance: 336,425
Number of Trades 17
Number of Profitable Trades 8
Top/Bottom Discretionary Trades for the week
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
FFIVJAN222011115.0PUT 2011-01-20-10-34-57 2011-01-20-11-28-21 9000 49360 71600 22094 FFIV PUT
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FFIVJAN222011110.0CALL 2011-01-20-09-32-44 2011-01-20-10-33-34 9000 40500 22050 -18588 FFIV CALL
Quote from neke:
Weekly Update for week 2/50 ended 1/22/2011
Another flat week, down $340 (0%).
Lots of volatility on the account this time, with earnings in the spotlight. The most dramatic was losing 18K on a call after FFIV reported on Thurs morning. Quickly reversed and got same number of puts, making 22K as the stock continued its decline. Well, that was some revenge trading: not recommended.
Code:Opening Balance: 336,879 Net loss for the week 454 ------------------------------------------------ Net Balance: 336,425 Number of Trades 17 Number of Profitable Trades 8 Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE FFIVJAN222011115.0PUT 2011-01-20-10-34-57 2011-01-20-11-28-21 9000 49360 71600 22094 FFIV PUT -------------------------------------------- FFIVJAN222011110.0CALL 2011-01-20-09-32-44 2011-01-20-10-33-34 9000 40500 22050 -18588 FFIV CALL
Do you have an edge trading earnings? Not looking for specifics, just a yes or no answer and if it is price action or fundamental based. Thanks.
When I used to trade like Neke, this is the kind of week that would wipe me out. Occasionally big gains, but wipe out more often.
Keeping my fingers crossed...
Keeping my fingers crossed...
Weekly Update for week 3/50 ended 1/28/2011
Horrible week, down 31K (9%). Was having a quiet week - until Friday.
Bought some AMZN call when it opened after its earnings thinking the stock was showing strength in the face of what was a bad report. Paid too much for the option and closed when much of the premium was lost within a short time of entry, losing 16K. Next was buying SPY calls on the dip. Again paid severely in the ensuing market meltdown. Another 16K gone.
Horrible week, down 31K (9%). Was having a quiet week - until Friday.
Bought some AMZN call when it opened after its earnings thinking the stock was showing strength in the face of what was a bad report. Paid too much for the option and closed when much of the premium was lost within a short time of entry, losing 16K. Next was buying SPY calls on the dip. Again paid severely in the ensuing market meltdown. Another 16K gone.
Code:
Opening Balance: 336,425
Net loss for the week 31,125
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Net Balance: 305,300
Number of Trades 18
Number of Profitable Trades 9
Since Inception of Thread 01/8/2011 - 1/28/2011
Opening Balance: 335,899
Net loss(Less Margin Interest) 30,599 (Down 9%)
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Net Balance 305,300
Number of Trades 47
Number of Profitable Trades 25
TOP/BOTTOM DISCRETIONARY TRADES
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
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AMZNJAN282011170.0CALL 2011-01-28-09-32-10 2011-01-28-09-53-16 7000 24500 8400 -16205 AMZN CALL
SPYJAN282011127.0CALL 2011-01-28-10-30-52 2011-01-28-12-23-37 15000 34500 18390 -16319 SPY CALLTough day Neke... very sorry and know how it feels. I shorted BHI, CRM and NFLX today and got killed on all 3. Also got hurt going long TBT and RIG. It screws with your mind and screws up your weekend. You have been down this road... and know how to get back on the right track.
Cheers
Cheers
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