2011: Rebuilding My Battered Account
- Thread starter neke
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From three weeks ago, I changed to almost exclusively automated and mechanical (save for some pre-market/after-hour activity), the rules being laid out in blank and white via automation. It is not my intention to disclose such mechanical trades (except when the results are such that I can't keep silent!!!) for fear of people copying - I do not want any competition!
OK just for this week, here they are:
Code:
FCXAUG20201145.0CALL 2011-08-05-11-20-32 2011-08-05-13-24-09 10000 22300 31200 8755.3 FCX CALL
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SPYAUG202011123.0CALL 2011-08-04-11-00-50 2011-08-04-15-23-34 8400 22344 18144 -4323.6 SPY CALLWhen it comes to options automation, I doubt anyone'd be able to reverse engineer your or any system for that matter. That fear is probably unfounded as I've never found anyone who could actually do it. Trust me, it is only a theory, and you shouldn't be too worried about it.
I had a long that day triggered in NQ at 2249, went out at 2235. Intervening, the trade would have held till around noon today, reverse it's long and going short at 2209, so I avoided an additional 26 points net profit and another 107 points of adverse excursion. Getting out was probably the best thing you could have done, but, knowing you I'm sure some of your trades later on were probably on the same instrument.
I still would have looked for a long around there but didn't take any real action and watched it tumble to 2128.
That's great news.
Don't give up. Get your shit together like you do now and grow that account!!
Don't give up. Get your shit together like you do now and grow that account!!
Weekly Update for week 30/50 ended 8/12/2011
A good week, up 6K (2.5%) .
Started bad on Monday, losing 7K. Glad I limited the loss to that as the bigger sell-off later in the day would have done much damage. Spent the rest of the week recovering and ended up moving into positive territory.
A good week, up 6K (2.5%) .
Started bad on Monday, losing 7K. Glad I limited the loss to that as the bigger sell-off later in the day would have done much damage. Spent the rest of the week recovering and ended up moving into positive territory.
Code:
Opening Balance: 245,274
Net gain for the week 6,152
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Net Balance: 251,426
Number of Trades 33
Number of Profitable Trades 20
Since Inception of Thread 01/8/2011 - 8/12/2011
Opening Balance: 335,899
Net loss (Less Margin Interest) 84,473 (Down 25%)
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Net Balance 251,426
Number of Trades 635
Number of Profitable Trades 337a statement like this looks great, congrats, neke.Quote from neke:
Weekly Update for week 30/50 ended 8/12/2011
A good week, up 6K (2.5%) .
Started bad on Monday, losing 7K. Glad I limited the loss to that as the bigger sell-off later in the day would have done much damage. Spent the rest of the week recovering and ended up moving into positive territory.
Code:Opening Balance: 245,274 Net gain for the week 6,152 ------------------------------------------------- Net Balance: 251,426 Number of Trades 33 Number of Profitable Trades 20 Since Inception of Thread 01/8/2011 - 8/12/2011 Opening Balance: 335,899 Net loss (Less Margin Interest) 84,473 (Down 25%) ------------------------------------------------ Net Balance 251,426 Number of Trades 635 Number of Profitable Trades 337
how about showing us what did you trade exactly, pls.
that would be lots more specific and exciting for fellow traders.
the amount of money you made is great, which deserves congrats.
however it would be even more meaningful for other traders, if they know what you traded and when you traded them.
are you open for that kind of further revelation, or are you just feeling more comfortable with just limiting your exposure to showing profits and losses for now?
hope you would have even more profit in days to come.... always remember to delimit each trade with tolerable loss, OK?
Quote from neke:
Weekly Update for week 30/50 ended 8/12/2011
A good week, up 6K (2.5%) .
Started bad on Monday, losing 7K. Glad I limited the loss to that as the bigger sell-off later in the day would have done much damage. Spent the rest of the week recovering and ended up moving into positive territory.
Code:Opening Balance: 245,274 Net gain for the week 6,152 ------------------------------------------------- Net Balance: 251,426 Number of Trades 33 Number of Profitable Trades 20 Since Inception of Thread 01/8/2011 - 8/12/2011 Opening Balance: 335,899 Net loss (Less Margin Interest) 84,473 (Down 25%) ------------------------------------------------ Net Balance 251,426 Number of Trades 635 Number of Profitable Trades 337
wait a minute, did you say you traded 635 times roundturn for the week?
which averaged out to be about 127 roundturns per day????
are you a superman of trading or something....?
now i really like to see your trade setups and time frames used in those 127 trades per day?
that is totally excessive for most of us who can not fly like superman trader yet..... LOLYour reading comprehension sucks. (Sucks means bad)j
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