2012: The Battle for Survival

[gmst]

Quote from riffrafffpatrol:

As I said Pekelo-- a reason could easily be to promote ET. Think outside the box on this...

I'm done with Neke... he has helped prove my point with his most recent post.

And this post of yours proves that your IQ is below 70. Sorry bro, if you can't discriminate between fake and reality. Even a 7 yr old child develops enough intuition to discriminate such hoax. But don't worry, you are not alone. A lot of people believe that we never landed on Moon. FWIW, 50% of adult Americans believe that fairy tales exist. (There was a survey that threw up this surprisingly high figure)! So, feel free to believe whatever suits you. But you are flat out wrong in this case.

Neke is as real as it gets. And as another poster said, there must be at least 50 other Nekes working in corporate america and trading on sidelines, who just don't post and we never hear about them.

 

[pikerforlife]

my cointelpro senses are tingling. i think it's clear the true trolls here are those trying ever so hard to "call out" the others who have obviously posted for years. these guys with a new handle every week, the same poor english skills, as well as the 'regular' account with thousands of posts, to somehow legitimize that character.

following the logic, it would be these recurring "add nothing but noise" trolls who are here to drum up post counts and drama for the forum. nice work guys. i know i read the fluff everyday, and laugh.

to neke, wise choice to give it break, and kudos for the journal all these years, may you return stronger in time.

 

[Pekelo]

Quote from neke:

Yes, it was a horrible week, the account is below 100K and I will keep off posting for while. The psychological damage is enormous.

Well, math wise, that is a -9% loss at least. The thing is that you have been advised by multiple posters to stop trading months ago....

One point of this journal could have been to listen to outsiders' objective feedback, but you haven't.... Thank you for your honesty, but it is just plain sad and depressing to read this journal...

I mentioned earlier, there are live, profitable trades posted on ET, you just have to look for it, you don't have to reinvent the wheel.

 

[nonlinear5]

It is not clear to me why people appear to be sorry about Neke's performance. From the results posted at the beginning of this thread, it looks like he made about 980k in profit before giving up about 200k in losses. That's about 780k in net gain. Nothing to be upset about.

 

[Daring]

Quote from nonlinear5:

It is not clear to me why people appear to be sorry about Neke's performance. From the results posted at the beginning of this thread, it looks like he made about 980k in profit before giving up about 200k in losses. That's about 780k in net gain. Nothing to be upset about.

Regardless of the past, something changed in the past years.

Kept on trading even as performance degraded to negative returns.

 

[southall]

Quote from nonlinear5:

It is not clear to me why people appear to be sorry about Neke's performance. From the results posted at the beginning of this thread, it looks like he made about 980k in profit before giving up about 200k in losses. That's about 780k in net gain. Nothing to be upset about.

At his 2009 peak he was up more than $1million (before withdrawals)

Total life time profits are 780K less the 54K loss before 2004 less this weeks loss which he hasn't disclosed the magnitude of but probably between 10 or 20K.

So more closer to 700K in profits before tax. Lets say 500K in profits after tax which is still great.

At his 2009 peak he had 635K in his account, he lost about 320K of that since then, withdrew about 220K since then and still has about 100K left.

Thats either an over 50% drawdown or an over 75% drawdown from his 2009 high depending on how he calculates it.

 

[southall]

I dont know what neke has spent his profits on (hopefully on hot women and partying ).

But my wife is constantly asking (nagging!) me for the new car (bmw or something similar), new designer kitchen, or that extension to the house. Luckily i teach the kids so they are top of their class, so she doesn't nag about a private education.

But if you got that kind of life style and expenses as a retail trader you better have a multi million dollar account. If its only half a million, it is going to get cashed out over a few years of poor performance as Neke has shown

 

[Pekelo]

Quote from nonlinear5:

It is not clear to me why people appear to be sorry about Neke's performance.....he made about 980k in profit before giving up about 200k in losses. That's about 780k in net gain. Nothing to be upset about.

Interesting POV, I haven't thought about like that, but here is the answer:

What is sad that it looks like he has lost his edge (a sad thing itself), AND hasn't been able to realize it. That is 2 things to be sorry about.

Using an analogy, it is like a dancer hurting his back thus unable to dance anymore, and not getting it. He is still trying to lift his partner, but keeps dropping her. Time to retire or if he loves dancing so much, move into coaching or something related.

Also, Neke probably got used to a lifestyle, what his gains provided him, but he is unable to support his family anymore on that level. The real questions is this:

Can he learn a new style/strategy or should he just move on?

He either has to leave trading and find a new job or he has to find a mentor who he can learn from or a trader whom he can back...

 

[JB3]

Neke,

Keep your head up. Overall, including withdrawals, you did great and probably better than 90% of the other traders statistically. Yeah, you had a rough patch, but overall, you made a lot of money from the market.

So good luck, and thanks for posting for so long for others to follow the journey. It is not easy to do that. I know it will drive me crazy to post my results, and have everyone else try to pick it apart with 20/20 hindsight.

 

[southall]

I dont think the trading edge Neke used to make $1milllion+ was/is no longer valid.
I believe Neke's psychology changed, probably due to the pressure he put himself under. Losing begets losing.

Quote from neke:
No I still have my regular job. I have cranked up supplements from the market from an initial $0 in the loosing years to max out at about $5K monthly about the time my account peaked in Nov 2009 - by which time my family had increased by 2. Of course at the time, with a balance of $640K and the way the account was growing, it never seemed there might ever be a problem with that "conservative" expectation. Unfortunately, when the bad times set in, the expenses have been cast in stone - so to speak, which is why you never run up expenditure anywhere close to your performance. So yes if the bad performance continues, we will have to scale down in the near future - wife is aware of the lean times, but I am holding out for as long as possible - will not decide to pull my kids from private school or the like without a fight.