2011: Rebuilding My Battered Account

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He will keep doing the same thing over and over until he blows out his account. I hate to say that and I don't wish it on anyone but if you can't stop at 40%+ drawdown, you won't stop. I know many traders that have done it. Some come back and became successful and some came back and did it all over again.

Until he can admit his emotions are getting the best of him and size is killing him, it will happen. Neke, I truly wish you the best but you are not thinking straight with your trading. Talk to some guys that have been through this. Eat a piece of humble pie, take a break, and come back with plan where you can grow your account again. Otherwise, you are just wasting your time and your hard earned money.
 
He obviously already figured it out, this is a very small draw down per his account size. Just let him trade, none of you are much better than him.


QUOTE]Quote from FreakofNature:

What's the alternative ?

FoN [/QUOTE]
 
Quote from oraclewizard77:

He obviously already figured it out, this is a very small draw down per his account size. Just let him trade, none of you are much better than him.
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Red for 2010
Red for 2011

I see, we celebrating mediocrity now!

Good God.

Crazy A
 
(Inert random comment that will save neke's trading account here.)




(Back up that statement with reasoning and hindsight here...)




(Feel better about yourself for 2 seconds, until you realized your prob just another failed trader trolling a message board, projecting advice you wish you could actually follow yourself here)
 
Quote from mastacoli71:

I hate to say that and I don't wish it on anyone but if you can't stop at 40%+ drawdown, you won't stop.
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42% drawdown is just for this year :(

based on previous equity peak the drawdown is 60% :( :(
 
Quote from oraclewizard77:

He obviously already figured it out, this is a very small draw down per his account size. Just let him trade, none of you are much better than him.


QUOTE]Quote from FreakofNature:

What's the alternative ?

FoN
More...
[/QUOTE]

Saying a 42% drawdown YTD and 60% from equity peak is a very small drawdown per account size shows a complete lack of understanding about the trading game. In fact, this has to be one of the most absurd statements ever on ET.
 
Quote from KBaines:

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Saying a 42% drawdown YTD and 60% from equity peak is a very small drawdown per account size shows a complete lack of understanding about the trading game. In fact, this has to be one of the most absurd statements ever on ET. [/B][/QUOTE]
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kbaines

disregarding whether the poster is fictitious or not, i hope you are not too overly upset by your referenced statement

which also are unfortunately shared by several others who prefer to treat and regard unfavorable excursion of 10% or more as common and acceptable. such light regard would not be coming from someones who live and trade as a live style and who also are attentive to the cause of drawdown and also are protective of the precious quantitative resources.

we can only wish every trader well in whatever style they trade and whatever strategy and system, they choose to implement toward personal profitability and longevity.

it just saddens me to see such vast possibility not being more attentively protected and capitalized on adequately. my humble one man opinion only. so long for now.
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may i beg your final indulgence for one last implore:

if i can not trade two-lot to show consistent profitability, how can i honestly explain to myself and others that trading more than two-lot at a time, would be and could be more profitable?

currencies are opening soon. happy and profitable trading during this choppy time. and if you have any nagging doubt whether or not to pull the trigger--pls stay out and sit out until your exact pattern appears, is my honest implore for every one here.

etile, is this style easier to read? just too lazy to follow all those rules and regulations on proper writing and such. L O L

bye everyone.

:cool:
 
FOR MANY SPENDING YOUR TIME TRYING TO GET A HANDLE ON NEKE'S PROGRESSION AND REGRESSION ON TRADING, pls review his 5 ultimate goals stated many months ago and decide for yourself according to your personal trading experiences.

as for myself, this probably would be my last on neke with my best wishes toward his planned recovery.
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[bold]neke--Registered: Nov 2006--Posts: 880

01-10-11 06:25 AM

Last year, I set out to take 410K to 4 million by Year End 2010, sustaining a loss of 11% during the period ending Jan 8 2011. At the worst part of that draw-down (Oct 2010, with the loss nearly 50%), I thought of shutting down the thread and starting a new one with the current title. However, I decided to see the old thread through year end.

The purpose of this thread is to record my journey towards recovering what was lost, and moving on to new equity highs. The battle will address the following:

A) Recover the remaining loss from last year. That would be +45K (+13%) from here. That is the immediate target/milestone.
B) Set new cumulative equity highs. The last one on a week-end basis was set in Oct 2009 (+635K). Since then I have pulled out 150K cash from the account. Adjusting for that, the current balance will have to go to 485K (+149K or +44% from here). This is the next milestone.
C) Set new cash balance high. That would require going to 635K (+299 or +89%) from here. This is the third milestone.
D) Get the cash balance to hit 7 digits ($1million). That would be +664K (198%) from here. This will be the fourth milestone
E) Bonus: Establish such a buffer that 7 digits ($1million) should be the new floor. How much buffer is enough? I'm not sure, but given a history of 50% draw-downs (hoping that does not happen again), I think taking the account to $2.5million before tax could give such assurance. Once again, this (E) would be a big bonus. It is not an immediate aim.

As in prior threads, I will seek not to trade too frequently (average was 25 trades a week last year, I should be OK with 10 quality trades per week), but will seek to maximize each opportunity by putting on a decent size. Still holding down my full-time job (so glad to have that after a year like 2010).[/bold]
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WISHING YOU THE BEST, NEKE. but according to my trading experiences, it would be a good idea if you or others with similar goals and objectives, to start trading with SMALLER LOT SIZE just to prove to yourself that what you have in your repertoire would materialize in grand finality. sorry, neke. but this is just a one man opinion which does not count much nowadays toward encouraging you to top your dream toward-- taking the account to $2.5million. but i do sincerely hope that i am absolutely incorrect and that you would arrive at 2.5 mil, so i could join you in your grand celebration, though.
 
Quote from Jackie Treehorn:

(Inert random comment that will save neke's trading account here.)
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There is not enough research behind Neke's systems. Since switching to a fully automated run the results have not been positive.

Quote from Jackie Treehorn:

(Back up that statement with reasoning and hindsight here...)
[/B]
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Since switching to a fully automated run the results have not been positive.

Quote from Jackie Treehorn:

(Feel better about yourself for 2 seconds, until you realized your prob just another failed trader trolling a message board, projecting advice you wish you could actually follow yourself here) [/B]
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I eat my own cooking.
 
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