2011: Rebuilding My Battered Account

[bwolinsky]

Quote from GordonTheGekko:

Leverage is not the issue.

Well neither is his fucking risk management.

If you lose on a trade then you've lost, and even if you're supposedly minimizing losses which is the same as maximimizing profits it's about unprofitable trading. His position sizes we'd know better if he were reporting them, but he mistakenly believes that somebody could reverse engineer his system. Nobody could. It's a funny theory to keep people like him paranoid. Any trades that happen at all if they're not by minutes nobody is going to know what the fuck your mathematical reason was. NOBODY.

There's no reason to keep saying neke's not managing risk or he's overleveraged, believe me he was from earlier threads, but you're right now that's not the problem because as I said he learned his lesson.

His system probably doesn't even have a 70% win percentage. Anything below 85% is asking for mediocre returns even if the ratio's high.

 

[GordonTheGekko]

Quote from bwolinsky:

Well neither is his fucking risk management.

If you lose on a trade then you've lost, and even if you're supposedly minimizing losses which is the same as maximimizing profits it's about unprofitable trading. His position sizes we'd know better if he were reporting them, but he mistakenly believes that somebody could reverse engineer his system. Nobody could. It's a funny theory to keep people like him paranoid. Any trades that happen at all if they're not by minutes nobody is going to know what the fuck your mathematical reason was. NOBODY.

There's no reason to keep saying neke's not managing risk or he's overleveraged, believe me he was from earlier threads, but you're right now that's not the problem because as I said he learned his lesson.

His system probably doesn't even have a 70% win percentage. Anything below 85% is asking for mediocre returns even if the ratio's high.

I didn't say a word about risk management, so spend more time studying all of my five words before devoting several minutes to hammering out an attack on me.

 

[bwolinsky]

Quote from GordonTheGekko:

I didn't say a word about risk management, so spend more time studying all of my five words before devoting several minutes to hammering out an attack on me.

That was not an attack on you. Risk management was for the riffraff earlier in the thread.

 

[newguy05]

Can you assholes just shut the fuck up and let neke post his journal in peace. Pain in the ass to scroll through 5 pages of bullshit to find neke's weekly update.

It's obvious neke doesnt give a shit what you pikers have to say.

 

[bwolinsky]

Quote from newguy05:

Can you assholes just shut the fuck up and let neke post his journal in peace. Pain in the ass to scroll through 5 pages of bullshit to find neke's weekly update.

It's obvious neke doesnt give a shit what you pikers have to say.

Well the gambling addiction he's gotten over since quiting overleveraging himself for adrenaline rushes. Without giving him advice I can tell you that there isn't any reason to be posting publicly if there's no ulterior motive then to communicate about his trading.

In peace I am, but after today this probably is the day that drew neke down, very sure.

 

[d08]

Quote from newguy05:

Can you assholes just shut the fuck up and let neke post his journal in peace. Pain in the ass to scroll through 5 pages of bullshit to find neke's weekly update.

It's obvious neke doesnt give a shit what you pikers have to say.

+1

 

[Riffraffpatrol]

Quote from bwolinsky:

That was not an attack on you. Risk management was for the riffraff earlier in the thread.

Bw would u just get over your ego? Neke has lost $ 20k on multiple occasions... this has come from a combination of hoping, martingaling, some more hoping, etc etc... whether or not his decisions at entry were based on a system that had a 25%, 50%, 75%, or 99.99% probablity of success is completely moot... the fact that he managed his trades with complete recklessness is why his account drawdown is where it is today... bottom line.

I dont care what the probablities of success are on a system-- its all about consistent risk to reward that produces a positive expectancy. A system that is 80-95% will always fail with due to one major reason.... negative expectancy. What causes negative expectancy? Poor risk management-- nothing more. Why? Because losers are not cut short and exponentially grow by recklessly having random postion sizing and winning big on occasions when positioning was low and losing big when postioning was high and every statisticsl combo in between. Those that ignore this simple truth will be doomed to fail.

It seems u may be on the same path bwego.

 

[d08]

Quote from bwolinsky:

Well the gambling addiction he's gotten over since quiting overleveraging himself for adrenaline rushes. Without giving him advice I can tell you that there isn't any reason to be posting publicly if there's no ulterior motive then to communicate about his trading.

In peace I am, but after today this probably is the day that drew neke down, very sure.

Why are you giving any advice?
I just checked your Collective2 profile again and all your systems have been failures, including the ones from this year.
So, naturally you talk about your 10000% annual return holy grail futures system in the forums, like a typical ET "billionaire" would.
Neke appears to be a real trader and while he is having significant problems now, at least he's being honest and straightforward about it.

 

[Riffraffpatrol]

Quote from d08:

Why are you giving any advice?
I just checked your Collective2 profile again and all your systems have been failures, including the ones from this year.
So, naturally you talk about your 10000% annual return holy grail futures system in the forums, like a typical ET "billionaire" would.
Neke appears to be a real trader and while he is having significant problems now, at least he's being honest and straightforward about it.

ROFLMAO!!

 

[bwolinsky]

Quote from d08:

Why are you giving any advice?
I just checked your Collective2 profile again and all your systems have been failures, including the ones from this year.
So, naturally you talk about your 10000% annual return holy grail futures system in the forums, like a typical ET "billionaire" would.
Neke appears to be a real trader and while he is having significant problems now, at least he's being honest and straightforward about it.

I will...GUARANTEED...<b> Have Something </b>to say to you tomorrow.

For now, no response, ignored.