Good point. I heard that he lost half to the government in tax and half back to the market. He should have take the money and run.
2012: The Battle for Survival
- Thread starter neke
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Good point. I heard that he lost half to the government in tax and half back to the market. He should have take the money and run.
Weekly Update for week 4/50 ended 2/11/2012
Positive but disturbing week, up 2.3K (1%).
Looks like Friday seems to be my nemesis these days. Was up 8K going into friday, lost most of that in a trade.
Positive but disturbing week, up 2.3K (1%).
Looks like Friday seems to be my nemesis these days. Was up 8K going into friday, lost most of that in a trade.
Code:
Opening Balance: 188,369
Net gain for the week 2,303
------------------------------------------------
Net Balance: 190,672
Since Inception of Thread 01/18/2012 - 02/11/2012
Opening Balance: 203,729
Net loss (7,057) (Down 3.5%)
Cash Withdrawal (6,000)
------------------------------------------------
Net Balance 190,672Weekly Update for week 5/50 ended 2/18/2012
Nice week, up 7.6K (4%).
This is one of those weeks that seem like a loss considering all the opportunities I had to make it big. Bedevilled with execution short-comings: too fast to lock in gains and getting easily shaken out of otherwise profitable trades. Profits could easily have been three times that reported.
Nice week, up 7.6K (4%).
This is one of those weeks that seem like a loss considering all the opportunities I had to make it big. Bedevilled with execution short-comings: too fast to lock in gains and getting easily shaken out of otherwise profitable trades. Profits could easily have been three times that reported.
Code:
Opening Balance: 190,672
Net gain for the week 7,631
------------------------------------------------
Net Balance: 198,303
Since Inception of Thread 01/18/2012 - 02/18/2012
Opening Balance: 203,729
Net gain 574 (Up 0.2%)
Cash Withdrawal (6,000)
------------------------------------------------
Net Balance 198,303Quote from neke:
Weekly Update for week 5/50 ended 2/18/2012
Nice week, up 7.6K (4%).
This is one of those weeks that seem like a loss considering all the opportunities I had to make it big. Bedevilled with execution short-comings: too fast to lock in gains and getting easily shaken out of otherwise profitable trades. Profits could easily have been three times that reported.
Code:Opening Balance: 190,672 Net gain for the week 7,631 ------------------------------------------------ Net Balance: 198,303 Since Inception of Thread 01/18/2012 - 02/18/2012 Opening Balance: 203,729 Net gain 574 (Up 0.2%) Cash Withdrawal (6,000) ------------------------------------------------ Net Balance 198,303
Good job Neke. Don't focus on woulda shoulda coulda. Ask yourself if you followed your plan for your trades to determine a successful / disappointing week . $7600 is good coin as is $2300. With the last 2 weeks you have covered 2 months of your 5k draws you plan on taking every month; at least that is what i remembering you mentioning in previous posts.
Never look back, always look forward. The past is the past. Take what you learned from last week and apply it to your trading plan going forward.
Hi neke,
Great journals, I hope you dont mind me summarizing your weekly P&L so far for 2012:
Week 1: (14,450)
Week 2: 8,860
Week 3: (3,770)
Week 4: 2,303
Week 5: 7,631
When your journal gets to the middle or later part of the year, it can be hard for us to find the weekly P/L for the earlier part of the year because your Journals get so many posts.
Great journals, I hope you dont mind me summarizing your weekly P&L so far for 2012:
Week 1: (14,450)
Week 2: 8,860
Week 3: (3,770)
Week 4: 2,303
Week 5: 7,631
When your journal gets to the middle or later part of the year, it can be hard for us to find the weekly P/L for the earlier part of the year because your Journals get so many posts.
"You don't need to do very much right so longs as you avoid all wrong" - Buffett
You're doing fine!
You're doing fine!
small traders lose, they just lose.
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