2011: Rebuilding My Battered Account

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I'm a new Neke follower. Good luck in 2011!

I knew this thread existed and others whom I respect follow your journal(s). Don't really know why it took til now for me to dial in, but I guess we all like stories like yours (less last year's experience :)).
 
Weekly Update for week 11/50 ended 3/26/2011

Negative week, down 5K (1.6%).

It was a week of bad trading for the most part. Entered two many trades I have no business in, and the few good ones I found exited too soon (would lock up a gain of 5K delighted to make some money, only to check at the end of the day I could have made 25K if I held on).


Code: 
Opening Balance:                	332,510
Net loss for the week 		          5,350
------------------------------------------------
Net Balance:                   		327,160

Number of Trades	            	 18
Number of Profitable Trades    	    	  8


Since Inception of Thread   01/8/2011 - 3/26/2011

Opening Balance:                   	335,899
Net loss(Less Margin Interest)		  8,739 (Down 2.6%)
------------------------------------------------
Net Balance				327,160

Number of Trades	           	 174
Number of Profitable Trades        	 102

attachment.php
 
Quote from neke:

Weekly Update for week 11/50 ended 3/26/2011

Negative week, down 5K (1.6%).

It was a week of bad trading for the most part. Entered two many trades I have no business in, and the few good ones I found exited too soon (would lock up a gain of 5K delighted to make some money, only to check at the end of the day I could have made 25K if I held on).
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Toko, Stop posting for your brother neke. Two many people believed you to be the real neke.

If neke is here, he would have corrected you by posting this: If you held on with some profitable trades, you could turn some winners into losers. Hindsight is always 20/20.
 
Weekly Update for week 12/50 ended 4/2/2011

Ugly week, down 19K (5.9%).

It all boiled down to one day: Wednesday 30 Mar. Faded a number of over-extended plays with PUTS, all of which closed out even more over-extended and cost me dear.

Looking at how to tighten the condition for those type of plays.


Code: 
Opening Balance:                	327,160
Net loss for the week 		         19,140
------------------------------------------------
Net Balance:                   		308,020

Number of Trades	            	 19
Number of Profitable Trades    	    	 10


Since Inception of Thread   01/8/2011 - 4/2/2011

Opening Balance:                   	335,899
Net loss(Less Margin Interest)		 27,879 (Down 8.3%)
------------------------------------------------
Net Balance				308,020

Number of Trades	           	 193
Number of Profitable Trades        	 112



AMZNAPR12011180.0PUT	2011-03-30-09-31-58	2011-03-30-15-41-45	7000	20300	11900	-8505.2	AMZN PUT		
PCLNAPR162011500.0PUT	2011-03-30-09-34-15	2011-03-30-15-05-16	2500	35000	29500	-5547	PCLN PUT
 
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