2011: Rebuilding My Battered Account

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Quote from neke:

Not trying to justify my current performance. Just putting a positive face on a dire prognosis :)
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Not trying to justify my current performance. Just putting a positive face on a dire prognosis

with what you expressed herein,

i shall take off my tall hat and salute you....

though you are not at this very moment recapturing profitability,

but you have the characteristics of potentially great traders, neke.

three salutes for you and the very best in trading as well.... to come....
 
Quote from neke:

Weekly Update for week 40/50 ended 10/14/2011


Good week, up 6K (3.6%). Some good run of trades (60% profitable) added up to a good week. Made the decision to limit my discretionary trades during market hours to just one per day. This is going to make me think better about the trade of the day. My research shows a lot of the woeful losers have been the additional trades for the day when I could not think properly after an earlier losing trade. Will work up size as account stabilizes. Automated trades will continue as they are: For the year my automated trades are a tad above break-even. All the losses have stemmed from discretionary trades.


Code: 
Opening Balance:                	169,360
Net gain for the week 		          6,105
-------------------------------------------------
Net Balance:                   		175,465


Since Inception of Thread   01/8/2011 - 10/14/2011

Opening Balance:                   	335,899
Net loss (Less Margin Interest)		160,434 (Down 47.8%)
------------------------------------------------
Net Balance				175,465

attachment.php
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Congrats on positive. Put a sticky note on your screen with the 1 trade/day rule and everyone time you have the impulse to take another trade it will remind you of a rule. Not taking anything away from this rule but it will be interesting to see what happens when you have a string of losers.
 
Quote from mastacoli71:

Congrats on positive. Put a sticky note on your screen with the 1 trade/day rule and everyone time you have the impulse to take another trade it will remind you of a rule. Not taking anything away from this rule but it will be interesting to see what happens when you have a string of losers.
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Geeze, I need to learn how to type. Let me try in English.

Congrats on positive week. Put a sticky note on your screen with the 1 trade/day rule. Every time you have the impulse to take more then one trade / day, it will remind you not to.

Not taking anything away from this rule but it will be interesting to see what happens when you have a string of losers. Will you be able to stick to the rule? Time will tell.
 
neke, I have a thought that I entertain during trading. it is a bad rehash of what I heard from my Buddhist teachers over the years, i.e.

"Fixing the past" is flawed thinking.

It is like buying the most expensive coffin for a loved one out of guilt for not attending her better when she was alive. Whatever happened has already happened. The thought that there is something to be done in the present to fix or mask the past is mere play of concepts in our heads. It is mental masturbation. You touch it (the past) twice and you are playing with it.

As the teachers would say " The past is gone and the future has yet to come." - Stay fresh.
 
Quote from nakachalet:

Not trying to justify my current performance. Just putting a positive face on a dire prognosis

with what you expressed herein,

i shall take off my tall hat and salute you....

though you are not at this very moment recapturing profitability,

but you have the characteristics of potentially great traders, neke.

three salutes for you and the very best in trading as well.... to come....
More...

Dude, STFU. You could be handed an arb and go debit. GO AWAY.
 
Weekly Update for week 41/50 ended 10/21/2011


Flattish, but negative, down $728 (0.4%). Winners here, losers there, adding up to nothing inspiring.


Code: 
Opening Balance:                	175,465
Net loss for the week 		            728
-------------------------------------------------
Net Balance:                   		174,737


Since Inception of Thread   01/8/2011 - 10/14/2011

Opening Balance:                   	335,899
Net loss (Less Margin Interest)		161,162 (Down 48%)
------------------------------------------------
Net Balance				174,737

attachment.php
 
Shows good discipline in my opinion, congrats on not chasing losses and being greedy for gains. flat is good a lot of days. enjoy your weekend neke.
 
Neke what does real financial research sound like to you?

Do you have daily winning percentages greater than 99.8%? If not please go back and study but please stop losing this money. It's funny that prior to optimization the effect of simply adding real time stops trail stops and targets has increased my win percentages to over 99.1% in some cases on thousands of trades with 20958 trade backtest in 4 years earning a 103 million percent return account so please, Neke, you need to switch brokers. What are you on? Strategy desk? Oh, I can tell you that with your automation depending on how frequently your signal appears that I can tell you trading on timed intervals are practically useless if they aren't sensitive minute by minute changes as 1 minute bars are.
 
Quote from bwolinsky:

Neke what does real financial research sound like to you?

Do you have daily winning percentages greater than 99.8%? If not please go back and study but please stop losing this money. It's funny that prior to optimization the effect of simply adding real time stops trail stops and targets has increased my win percentages to over 99.1% in some cases on thousands of trades with 20958 trade backtest in 4 years earning a 103 million percent return account so please, Neke, you need to switch brokers. What are you on? Strategy desk? Oh, I can tell you that with your automation depending on how frequently your signal appears that I can tell you trading on timed intervals are practically useless if they aren't sensitive minute by minute changes as 1 minute bars are.
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as i recalled there are several responses during the last few days that apparently have been censored and taken out.

why is there a need to censor on this thread, pls?

any mod wants to respond???????????
 
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