2011: Rebuilding My Battered Account

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Quote from Notes123:

you don't know his method, you shouldn't comment on his trading.
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You are correct I don't know his trading neither do I need to know. However this is a public journal so we comment.

I thought my comment was actually constructive. Think about it.

Any experienced trader like Neke ( I assume he is) no matter how good or brave if he has over 300K to play with and takes 229 trades over a 4 month period and can't make money there is problem, maybe small or big.

I'm not prescribing him what he needs to do but just pointing out to take time out and carefully consider his options to avoid going through another unprofitable 4 months. It can happen becuase I know I have been down that road several times before. But only him knows what he needs to change.
 
Weekly Update for week 15/50 ended 4/23/2011

Moderately positive week, up 2.6K (0.8%).

Couldn't get going on earnings week. Missed opportunities seem abundant, but failed to capitalize on any.

Hope can do better next week.

Code: 
Opening Balance:                	315,319
Net gain for the week 		          2,580
------------------------------------------------
Net Balance:                   		317,899

Number of Trades	            	 18
Number of Profitable Trades    	    	 10


Since Inception of Thread   01/8/2011 - 4/23/2011

Opening Balance:                   	335,899
Net loss(Less Margin Interest)		 218,000 (Down 5.4%)
------------------------------------------------
Net Balance				317,899

Number of Trades	           	 247
Number of Profitable Trades        	 142

attachment.php
 
Quote from neke:

Since Inception of Thread 01/8/2011 - 4/23/2011

Opening Balance: 335,899
Net loss(Less Margin Interest) 218,000 (Down 5.4%)
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Net Balance 317,899
More...

Just saw that fat-figure 2 before the 18,000. Hope you didn't believe that net loss
 
Weekly Update for week 16/50 ended 4/29/2011

Bad week, down 8K (2.6%).

The week started on a bad note on Monday with first trade. Faded the open on SOHU with PUT options with a illogical bearish bias after a stellar earnings. No reason for trade other than tendency of stock to sell down after earnings. Lost 15K there. The rest of the week was full of activities (auto and discretionary) with no headway.

Code: 
Opening Balance:                	317,899
Net loss for the week 		          8,431
------------------------------------------------
Net Balance:                   		309,468

Number of Trades	            	 34
Number of Profitable Trades    	    	 19


Since Inception of Thread   01/8/2011 - 4/29/2011

Opening Balance:                   	335,899
Net loss(Less Margin Interest)		 26,431 (Down 7.9%)
------------------------------------------------
Net Balance				309,468

Number of Trades	           	 281
Number of Profitable Trades        	 161

SOHUMAY212011100.0PUT	2011-04-25-09-32-27	2011-04-25-10-54-34	10000	47300	32000	-15452	SOHU PUT
 
neke, you are to be commended for your disclosure. But something seems amiss in that we have been in one of the greatest equity bull markets of all time yet your account has been shrinking, especially last year.
 
Neke, I don't get ir. why don't you apply some more stringent risk management techniques and build a track record. Then raise some capital for a small fund.
 
Quote from short&naked:

Neke, I don't get ir. why don't you apply some more stringent risk management techniques and build a track record. Then raise some capital for a small fund.
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With the huge drawdown (over 50%) he has had in the past there is no way he could ever attract any money.
 
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