2011: Rebuilding My Battered Account

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Quote from Millionaire:

Neke needs a period of high volatility...
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Really? That's the last thing he needs. He ought to learn some patience, and not go after everything on his watchlist when he makes discretionary trades.

Turning point for him was the "tragedy has struck" comment and I would certainly agree multitenthousand dollar losses are life events by themselves, but if he's not going to seek the help of a professional, he's obviously content with taking such risks.

Why if he thought taking a ten thousand dollar loss should be compounded with a thirty thousand dollar loss? I'm thinking one more otm call or put bought with less than 5 hours to expiration will catch his butt if he wants to try the goog has $5 before I'm itm with 2 hours to go.
 
Neke,
Sorry to see your loss. I know this is not an easy time for you. The market is not 08-09 anymore, or not 07 anymore. HFT has changed a lot of things. Have you considered to look carefully about your strategies and see whether you still have an edge?

freewilly
 
Quote from Magic8:

No trading scheme has positive expectancy. None. It is a myth.

Clearly, Neke doesn't know what he is doing. For all we know, his posts could just be an elaborate hoax.
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Wonder what exactly you are doing on this site then. :confused:
 
Quote from Notes123:

ok, where are those advice-givers who advised neke to take human emotions out of trading and let the automated system work its way?
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i mainly skimmed thru neke first post and immediately realized that this trader is heading toward catastrophic of proportion, in my estimation.

his post enveloped around his dreams and fame and glory which is directly contradictory to sound and reasonable trading.

rather than looking inside himself and his trading arsenals as most successful traders would consider doing, when trades were going away from the original positions.... neke looked for and talked about something else that completely irrelevant to his trading plans, his strategies and his money management in terms of capital risks and managements....

it is a bewilderment to me as where did he learn to trade like the way he did, so very unlike others preceding him.... most of us would be extremely cautious and protective of our capital at risks regardless of the amount whether it involves 5, 6 or 7 figure, and whether they were in rupees, usd or euro.... were really immaterial.

it would take a long while to read thru all the sympathetic responses by so many well wishers.... i surely hope.... the trader, neke, himself/herself would come to the realization that there is no amount of wise counsel given by so many traders here, would do any good to the individual trading style, trading statistics, trading strategies and trading capital risks/rewards....

IF THIS TRADER persist on considering only what he plans to accomplish in terms of his final goals et cetera.... which in the grand finality.... is the end product rewarding a trader who trades well and with extreme caution in dealing with and focuses on only one trade at a time, one product at a time.... which is a solid foundation in building or rebuilding wealth for himself/herself or anyone else as a matter of fact....

in my humble opinion, without having read through all the responses, neke, if he/she has not already turned around his trading assets, neke really needs to look:

1--inside himself/herself first in terms of what kind of trader you are, then....

2--the trading style,

3--the trading statistics which i am certain is very interesting and challenging,

4--the trading strategies and

5--finally the remaining capital management....

NEKE, if you can come to terms and deal reasonably successful with the above 5 major attempts to becoming a successful trader, i could almost guarantee that you would not be able to only recover your loss but also proceed to accumulate even more in time.... is my best wishes for you, neke.
 

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Quote from Blotto:

You do seem to have nearly everyone else here fooled. You have however posted some annotated charts. When a trader posts annotated charts, it is possible to figure out the extent of their understanding by how they are using the chart.

You are very new at this and by no means a guru. You have posted lots of information, most of it recycled textbook but a good chunk of useful and correct information drawn from your own experiences. You have made a good effort at trading.

However, you do not make $5-10k per day by a long shot. You are a 1-2 lot trader, and if you are doing this for a "living" then you are most likely jacking away your profit on living expenses and not scaling up.

It is disingenuous to imply that you have the information required to make a trader profitable to to the extent of $5-10k per day. Since you have not done this yourself, you do not know if you could do it yourself or whether your information is good enough.

I think it is interesting to see your 7,000 posts and the fact that you seem to have all of the answers and none of the questions. If I had to take a guess on your purpose here I suspect it is to make contact with aspiring traders and then charge for your services. Even if that is the case, you ought to realise exactly what you don't know, and further realise that you haven't earned the right to talk about having information that will help traders make $2 million a year.

You have a lot to say about yourself but in reality one year of consistency does not matter, and 1-2 lot traders do not matter. It is actually quite embarrassing to see you perceived as a guru here by people who know even less. No matter what level we are at in trading, there is always room for improvement and much better to concentrate on this than on being boastful about our results on the Internet.
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blotto, my highly learned and esteemed trading fellow(?):

come on.... why be so overriding on traders who have been more than willing to come on line and attempting to help others to understand and attempt to trade more efficiently and proficiently....

whether or not, nodoji is netting 500 or 1,000 is really beside the point here.... isn't that so coach?

if you stated that she has been successfully accumulating on the average of 500+ per session, not 5,000 or whatever the amount is.... i would accept that.... and

personally, i would consider that accomplishment as a great victory in trading for her.... yes, i would rejoice with her on her tremendously successful trading.... at her personal level.... don't you agree, blotto?

as you are well aware of, there are others on board who net more than that each trading session.... but the capital at risk is also proportionately larger as well.... right?

if the lady is comfortable with the reward/risk ratio to accommodate the 500-1,000 profitability level.... why don't we just celebrate with her continual trading success and at the same time, cheer her on to even greater profitabilities.... and just as importantly.... her continual contributions to helping others to succeed too...., alright blotto?

nodoji.... you are my esteemed and adored trading lady.... three cheers for you from the andaman coast.... :) :) :)

blotto, come on, got something special for you too.... alright?
 

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Quote from Magic8:

Offering balance... to the universe.

You people are something else.
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Didn't realize the universe was out of balance, appears to continually function just fine. Even better without human intervention.

How does one then profit without positive expctancy? Perhaps this is just a quip from an attention seeker, and I should not be feeding the trolls who have nothing of substance to offer.
 
Quote from nakachalet:

i mainly skimmed thru neke first post and immediately realized that this trader is heading toward catastrophic of proportion, in my estimation.

his post enveloped around his dreams and fame and glory which is directly contradictory to sound and reasonable trading.

rather than looking inside himself and his trading arsenals as most successful traders would consider doing, when trades were going away from the original positions.... neke looked for and talked about something else that completely irrelevant to his trading plans, his strategies and his money management in terms of capital risks and managements....

it is a bewilderment to me as where did he learn to trade like the way he did, so very unlike others preceding him.... most of us would be extremely cautious and protective of our capital at risks regardless of the amount whether it involves 5, 6 or 7 figure, and whether they were in rupees, usd or euro.... were really immaterial.

it would take a long while to read thru all the sympathetic responses by so many well wishers.... i surely hope.... the trader, neke, himself/herself would come to the realization that there is no amount of wise counsel given by so many traders here, would do any good to the individual trading style, trading statistics, trading strategies and trading capital risks/rewards....

IF THIS TRADER persist on considering only what he plans to accomplish in terms of his final goals et cetera.... which in the grand finality.... is the end product rewarding a trader who trades well and with extreme caution in dealing with and focuses on only one trade at a time, one product at a time.... which is a solid foundation in building or rebuilding wealth for himself/herself or anyone else as a matter of fact....

in my humble opinion, without having read through all the responses, neke, if he/she has not already turned around his trading assets, neke really needs to look:

1--inside himself/herself first in terms of what kind of trader you are, then....

2--the trading style,

3--the trading statistics which i am certain is very interesting and challenging,

4--the trading strategies and

5--finally the remaining capital management....

NEKE, if you can come to terms and deal reasonably successful with the above 5 major attempts to becoming a successful trader, i could almost guarantee that you would not be able to only recover your loss but also proceed to accumulate even more in time.... is my best wishes for you, neke.
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From your post it looks like you must be an indian
 
Quote from ehsmama:

From your post it looks like you must be an indian
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you did mean INDIAN--SCALPER, did you not?

yes, i scalp whenever the opportunity presents itself....

you do have a bid for my little dear skin bag.... don't you?

perhaps, we could settle on a quick deal....

me name.... scalper eagle of nevada.... and you... white-eye....?

you trader from texas.... waiting for s & p mail coach.... ? :D
 
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