2011: Rebuilding My Battered Account

Status
Not open for further replies.
Quote from BigFunky:

One word: Niederhoffer :p
More...

Yeah, you are right and my apologies to neke. Niederhoffer lost over 100% as he was slightly on margin and let's not forget John Meriwether guy who ran Long Term Capital Management into the ground losing billions. But never fear, both Niederhoffer and Meriwether were able to rise again and somehow raise capital for new endeavors.
 
Weekly Update for week 17/50 ended 5/6/2011

Impressive week, up 29K (9.2%).

Very nice week for my automation, which made 32K on 18 trades. Lost a little bit with my discretionary trades. Too early to say, but I believe the adjustments I have made in the strategies, and the fact I cannot average down anymore on those trades, will yield some dividend going forward. Will still try and add one more strategy into the mix.

Hey, I am now into positive territory for the thread (less than 1% I know :) )

Code: 
Opening Balance:                	309,468
Net gain for the week 		         28,543
------------------------------------------------
Net Balance:                   		338,011

Number of Trades	            	 29
Number of Profitable Trades    	    	 18


Since Inception of Thread   01/8/2011 - 5/6/2011

Opening Balance:                   	335,899
Net gain (Less Margin Interest)		  2,112 (Up 0.6%)
------------------------------------------------
Net Balance				338,011

Number of Trades	           	 322
Number of Profitable Trades        	 180

attachment.php
 
Quote from neke:

Weekly Update for week 17/50 ended 5/6/2011

Impressive week, up 29K (9.2%).

Very nice week for my automation, which made 32K on 18 trades. Lost a little bit with my discretionary trades. Too early to say, but I believe the adjustments I have made in the strategies, and the fact I cannot average down anymore on those trades, will yield some dividend going forward. Will still try and add one more strategy into the mix.

Hey, I am now into positive territory for the thread (less than 1% I know :) )
More...

Neke, good to hear that!

Is the week's success in your automated trading the result of something new you've done to the system or is it based on the same strategies you've been using all along?

You may have already addressed this somewhere in the thread, but what is the current return of your automated vs discretionary trading YTD?
 
Quote from NoDoji:

Neke, good to hear that!

Is the week's success in your automated trading the result of something new you've done to the system or is it based on the same strategies you've been using all along?

You may have already addressed this somewhere in the thread, but what is the current return of your automated vs discretionary trading YTD?
More...

Same strategies more or less. Keep refining, dropping those that don't seem to work, and expanding the ones that seem to work to pick more trades. Automated has made 49K from 72 trades while discretionary has lost almost as much. I have started "picking" my discretionary trades. 250 trades in four months with a loss is not very encouraging.

AUTO 72 48,507.89
DISCR 250 -46,407.52
 
Quote from neke:

Same strategies more or less. Keep refining, dropping those that don't seem to work, and expanding the ones that seem to work to pick more trades. Automated has made 49K from 72 trades while discretionary has lost almost as much. I have started "picking" my discretionary trades. 250 trades in four months with a loss is not very encouraging.

AUTO 72 48,507.89
DISCR 250 -46,407.52
More...

Hi neke, I have been following your posts and can't wait until I have the working equity that you do! Are you able to identify why your auto trades work better than discretionary? Do they take different approaches, or does it have more to do with money management?
 
Neke,

Do you take the mark to market (trader) election on your taxes?

If so, has this had any impact as far as making filing more complicated?

I assuming you're in the U.S.A.

Thanks.
 
Status
Not open for further replies.
Back
Top