2011: Rebuilding My Battered Account
- Thread starter neke
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thx. you are very observant indeed.
perhaps, you can use this ref next time.
Allude and Elude
www.dailywritingtips.com/allude-and-elude/
Speakers and writers sometimes use the word elude when they mean allude. Sometimes they use allude' when they mean refer.
thx much, deThommo, for your keen obs.
merry christmas and happy new year to you and yours.
Quote from neke:
Weekly Update for week 49/50 ended 12/17/2011
A good week, up 8K (4.7%). Good rate of opportunities. made nearly 10K from 10 discretionary trades, with loss of 2K in automated.
The emphasis going forward is turning out a good profit factor on my discretionary trades. It has been hugely disappointing even in my good years like 2008 or 2009, because of taking too many trades. In 2008 with an averall gain of over 400%, the PF was 1.2 (gainers of about 2.4million vs losers of about 2.0million). In 2009 the PF was 1.05, even though the overall return was more than 50%. Of course the PF for 2010/2011 are less than 1. It means I have been taking too many trades. The quality of my ability should be reflected from my carefully picked/planned discretionary trades: this will be a big measurement point for me going forward. Anything less than 1.20 will a cause for concern, as I believe my carefully made decisions on trades should produce a better return. Will continue with limiting discretionary trades to one a day during core trading hours (940-1530hrs). The rest of the entries are made up by after-hour and early trades (before 940am) which always seem to be better planned for me.
Code:Opening Balance: 171,501 Net gain for the week 8,122 ------------------------------------------------- Net Balance: 179,623 Since Inception of Thread 01/8/2011 - 12/17/2011 Opening Balance: 335,899 Net loss (Less Margin Interest) 151,276) (Down 45%) Cash Withdrawal (5,000) ------------------------------------------------ Net Balance 179,623
Good job neke. Write down and remember what you did the last few weeks. Seems like you got something. Stay discplined and the rest will take care of itself.
Weekly Update for final week 50/50 ended 12/24/2011
Impressive week, up 14K (7.7%). Made 6 discretionary trades, 5 winners and one loser. No automated trade. Surprised at the quality of opportunities presented for a normally quiet month.
December has turned out to be a great month. I hope it is the start of a turn-round. Like mentioned before the emphasis is on quality and not quantity of trades, with a keen eye on the profit factor. For December in my discretionary trading, PF is 4.2 ( total gains of 42,431 vs total losses of 10,076). The benchmark for my discretionary trade is an ongoing minimum of 1.2 .
For the year as a whole I am down 41%. It has been a disastrous year. Two terrible months (June - down 117K, and September - down 35K) summed up the result. I understand it is going to take some time to get back up there, but I am optimistic the changes I have put in place, with incremental sizing up on leverage, will make for a much better 2012. Will be away on vacation till mid January. Hope to be back then to start a new thread after taking out 6K for the month of December.
Impressive week, up 14K (7.7%). Made 6 discretionary trades, 5 winners and one loser. No automated trade. Surprised at the quality of opportunities presented for a normally quiet month.
December has turned out to be a great month. I hope it is the start of a turn-round. Like mentioned before the emphasis is on quality and not quantity of trades, with a keen eye on the profit factor. For December in my discretionary trading, PF is 4.2 ( total gains of 42,431 vs total losses of 10,076). The benchmark for my discretionary trade is an ongoing minimum of 1.2 .
For the year as a whole I am down 41%. It has been a disastrous year. Two terrible months (June - down 117K, and September - down 35K) summed up the result. I understand it is going to take some time to get back up there, but I am optimistic the changes I have put in place, with incremental sizing up on leverage, will make for a much better 2012. Will be away on vacation till mid January. Hope to be back then to start a new thread after taking out 6K for the month of December.
Code:
Opening Balance: 179,623
Net gain for the week 13,812
-------------------------------------------------
Net Balance: 193,435
Since Inception of Thread 01/8/2011 - 12/24/2011
Opening Balance: 335,899
Net loss (Less Margin Interest) (137,464) (Down 41%)
Cash Withdrawal (5,000)
------------------------------------------------
Net Balance 193,435that's awesome! also again, interesting to see reasonable profit when the automated trades weren't involved
look forward to hearing more next year
have a good one!
look forward to hearing more next year
have a good one!
Quote from neke:
Weekly Update for final week 50/50 ended 12/24/2011
Impressive week, up 14K (7.7%). Made 6 discretionary trades, 5 winners and one loser. No automated trade. Surprised at the quality of opportunities presented for a normally quiet month.
December has turned out to be a great month. I hope it is the start of a turn-round. Like mentioned before the emphasis is on quality and not quantity of trades, with a keen eye on the profit factor. For December in my discretionary trading, PF is 4.2 ( total gains of 42,431 vs total losses of 10,076). The benchmark for my discretionary trade is an ongoing minimum of 1.2 .
For the year as a whole I am down 41%. It has been a disastrous year. Two terrible months (June - down 117K, and September - down 35K) summed up the result. I understand it is going to take some time to get back up there, but I am optimistic the changes I have put in place, with incremental sizing up on leverage, will make for a much better 2012. Will be away on vacation till mid January. Hope to be back then to start a new thread after taking out 6K for the month of December.
Code:Opening Balance: 179,623 Net gain for the week 13,812 ------------------------------------------------- Net Balance: 193,435 Since Inception of Thread 01/8/2011 - 12/24/2011 Opening Balance: 335,899 Net loss (Less Margin Interest) (137,464) (Down 41%) Cash Withdrawal (5,000) ------------------------------------------------ Net Balance 193,435
Yeah!!!
Go for it
congrats
where are those nay sayers now hugh?
Go for it
congrats
where are those nay sayers now hugh?
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