2011: Rebuilding My Battered Account

[Nine_Ender]

Quote from deThommo:

perhaps he keeps a public log of his performance for his own reflection?
or perhaps in the hope that in the mass of responses some of them offer some genuine useable insight?
We can but ponder upon the mystery of neke...

My take has been the money isn't huge to him, and he's stroking his ego making risky trades that impress others. This can be a danger to all traders, when keeping up appearances is more important then making money.

If $200,000 is pocket change for him, there is nothing wrong with his hobby. If he genuinely cares about this money, the strategies being used are inappropriate in this market.

 

[etile]

Quote from SteveH:



find that scaling in during a strong trend is the way to still have arithmetic losses on your initial capital while converting your gains to geometric levels.

This was the most important tidbit in what you said. Would have been very easy to lose the most part in between all the NoDoji related jibba jabba.

 

[shortie]

Quote from SteveH:

Just read the latest few NoD posts on my weekly search of her ID. It seems Blotto and John12 made a great tag team to rough Donna up and show her whose who in the pecking order.

Donna, I don't care if you make $200 or $1000 or $5000 or $10,000 a day average on the CL. Your enthusiasm and love of trading is always welcome. You've been nothing but kind, considerate and polite in your contributions and to all of those who have asked anything of you.

The ability is within you and you'll (eventually) find that scaling in during a strong trend is the way to still have arithmetic losses on your initial capital while converting your gains to geometric levels. It just takes time to get emotionally adapted to such a trading approach [hint: in a strong CL trend, whether you just layout a pattern of buy stop or sell stop orders ahead of price, separated by either time (e.g., 5 min closes) or space (e.g. X ticks apart to ensure your avg isn't near current price action) or new breaks of S/R levels on the way to a target, it's ALL the same thing...there is point A and point B and the way in which you decide to allocate capital to reduce risk and increase reward to get to "B" is all that separates you (in trading) from the the Blotto and John12 gonads of the world.

Anyone, and I mean ANYONE who comes on a trading board, bragging about their 7-figure trading acumen and then seeks to put down a giver like Donna, who is just an "at-homer", wanting to participate in a trading social network is a low-life POS.

she is married

 

[Larson]

See what I mean, makes one want to puke.

 

[kingjelly]

you know someone has made it in trading when they realize they have no use for this place anymore following comments by a dumbass like blotto , 'why am i putting myself through this when i'm giving much more than i'm getting' gl nodoji...

 

[neke]

Weekly Update for week 27/50 ended 7/15/2011

Modestly positive week, up 4K (1.8%).

Second week of putting my system in place. One core discretionary trade +3.8K, two automated trades +1.9K, 7 experimental trades, -1.7K.

Opening Balance:                	220,089
Net gain for the week 		          3,977
------------------------------------------------
Net Balance:                   		224,066

Number of Trades	            	  9
Number of Profitable Trades    	    	  6


Since Inception of Thread   01/8/2011 - 7/15/2011

Opening Balance:                   	335,899
Net loss (Less Margin Interest)		111,833 (Down 33%)
------------------------------------------------
Net Balance				224,066

Number of Trades	           	 519
Number of Profitable Trades        	 271

 

[traderhf]

Its been a modest week in terms of money being made. However, this week's performance deserves a comment.

You know what I liked most about this week's performance Neke. That you had only one core discretionary trade. Being extremely choosy and trading less but higher probability/conviction opportunities is the key to success. GL mate.

 

[Larson]

Now you're talking. Hammer away at it slow and methodically. I have a feeling the market is preparing to become unstable, and capital preservation should be top priority. The one month loss could be a warning of things to come. Just my worthless opinion.

 

[dadog]

Keep this pace Neke.

It's like watching paint dry compared to how you were trading, but it gets the job done.

 

[kxvid]

What really matters is making $ on a risk adjusted basis, not % P&L. Traders know to focus on what makes money over time sufficiently enough to cover the inevitable losses. This is a large revenue (in terms of leveraged assets controlled), low margin business (a trader may average "gains of $12,000 for every $10,000 of losses" = 20% operating margin).

In order for such a trader to make 1 million, he must endure 5 million dollars in "bad trades" (gain 6M for every 5 million lost = 20% OM). Assuming the trader has an edge: most don't.