2012: The Battle for Survival

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ET posters are demonstrating a hilarious pattern: Every time neke posts a profit week, these people keep silent, dead silent, like last week. Every time neke posts a loss week, these people jump out from under the rocks and eagerly express their words of wisdom.

Don't you find yourselves funny? Do your own trading, please.

Besides, neke only lost 16%, it's not like 50% or blow up.


Quote from neke:

Since Inception of Thread 01/18/2012 - 05/19/2012

Opening Balance: 203,729
Net loss (33,327)(Down 16%)
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@BUTfr:

The problem is that Neke needs to take out 6.000 bucks each month to cover expenses. Consider this and think about the fact that he lost 2 months of withdrawals in just a couple of hours. And each of these bigger losses widens the pressure on him. He has left 147.000 $. That´s a mere 24 months of capital to withdraw.


Neke, I really love to read your journal each week (it´s the only one I read at the moment here in the forums). Please lower the risk !!!
Remember, you only need to make around 1.500 bucks/week to stay flat with the withdrawals. Each dollar you earn more will rise your capital. I don´t expect you to make thousands in the coming weeks, but I´d like to see some steady gains.
 
I agree, it is the pressure of constantly having to make money that can easily mess up one's trading.

To me as a trader you have to be like a fisherman. Sometimes the catch is easy and plentiful, but sometimes you go out there and there is nothing. If that is the case then you just have to be patient, and wait for ideal conditions again.

Keep going out there and wait for fish, but don't venture off into deeper and more treacherous waters that you're not used to, just because you HAVE to catch something.

If you feel like you must make money every day, then you obviously have a lifestyle you cannot afford or goals that are too ambitious.

Whenever you enter a trade you should know exactly what risks you are taking, and you should know that you are comfortable with those risks. You should know exactly when to get out if the trade goes against you.

To me right now it seems that Neke is desperately looking for ways to make money in the market, to make that monthly nut and claw back the losses. This is not a good spot to be in when you trade.
 
I have already told him he has a trading gambling addiction.

I recall a google call option he bought with 1-2 hours where he was buying calls expecting a 5 point rise by expiration, and the same stupidity occurs again.
 
Quote from BUTfr:

ET posters are demonstrating a hilarious pattern: Every time neke posts a profit week, these people keep silent, dead silent, like last week. Every time neke posts a loss week, these people jump out from under the rocks and eagerly express their words of wisdom.

Don't you find yourselves funny? Do your own trading, please.

Besides, neke only lost 16%, it's not like 50% or blow up.
More...

A true observation.
Trading is a very humbling endeavor, which is why personally I rather point out my losses than my gains.
 
Quote from BUTfr:

ET posters are demonstrating a hilarious pattern: Every time neke posts a profit week, these people keep silent, dead silent, like last week. Every time neke posts a loss week, these people jump out from under the rocks and eagerly express their words of wisdom.

Don't you find yourselves funny? Do your own trading, please.

Besides, neke only lost 16%, it's not like 50% or blow up.
More...

Neke has had an 80+% drawdown. Quite the contrary: yes, it's a blow up.

Expected by more than myself from over three years ago, and repeatedly brought to neke's attention nearly every week for 2 years.

The blow up is from having no strategy, not sticking to it, and trading gambling on trades like google.
 
Neke, here is a thought:

For every dollar you lose, you might want to withdraw the same amount, and put it into cash or other long term investments.

This will make your life a bit easier in case some unexpected things happen in the future.
 
'Beware the neon claws of Gamblor, the gambling monster!'

3534836068_2c294efa34.jpg


Looks like he is back, although i get the feeling he never went away.
 
Neke,

I rarely post. I feel the advice I gave to you before was excellent. I think you should reread it. You have all the tools to make it, except the most important; a good trading strategy. What is yours, fading, trading news, what is it? I don't see how you recover until you identify that. I don't know your emotional state; you've probably been through worse so hopefully you're not too down. If you can, get your strategy set and backtest it. Your confidence will grow and when shit happens, you will stick to the plan and it will get you through the less confident times; even if you're kicking and screaming.

Wilt
 
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