2012: The Battle for Survival

Status
Not open for further replies.
Quote from illiquid:



A sign that you have an edge is that you should be able to cut all losers quickly and never have to average down, and you will come out ahead. Neke may indeed have an edge but may be too impatient for a slow and steady comeback.
More...

That's what confuses me the most...staying on a sinking ship. How about throwing away everything and making a new edge? If one (he) truly knows what one's doing, what' the big deal in building a new system and being able to recognize your new "holy grail" when the results come on your screens?

Seems like fundamentally a problem of stubbornness and/or lack of ability in building and identifying proper edges. The latter would mean his original edge was a semi curve fit system(s) that has burned through it's prime.



But what's the use...he won't listen. Just destructive (not constructive) remarks by weenie unemployable former high school football player (or football player wanttobe) types who have never heard of Rector Street and are potentially still paying off their community college.

Why no comments or listening neke? :(
 
Quote from NoDoji:

Day trading FIRE or any stock that's "in play" isn't about long or short, it's about risk management.

FIRE opened with a huge gap into all-new-high territory. That means no one's in pain except shorts (and there were a helluva lot of them because the short interest going into earnings was 20%).

That alone doesn't mean the price will continue to rise. As a gap trader, the standard rule of thumb is to watch the reaction to the gap at the market open. As I recall when I looked at the chart for that day, the opening bar was pure green. That's known as a gap-and-go (as opposed to a gap-and-crap) and it's a signal to trade in the direction of the gap.

The huge short interest and highly positive earnings call provided plenty of additional long fuel.

If FIRE had spiked a bit and retraced the entire opening bar, that could indeed be a fader's short signal, always with an advance risk management plan, though.

I can't imagine working a day job and day trading. I've been working with a couple traders trying to do that and it is one tough row to hoe!

Study how to play those gaps, Neke, they can be really profitable, but you need to wait a bit for the opening emotions to give you a clue to what the majority of market participants are thinking.

Professional money managers would never think a huge gap into all new territory means price is "too high". They're looking to position for future gains and a breakout like that is signal to buy. They've been around long enough to have seen all new highs continue to become all new highs for months, even years (NFLX is a good example). These professionals are the ones who are moving price on volume. Ride along with them, don't fight them :cool:
More...

Seems like you've typed that same response in Neke's threads 20 times.

I dont see how he cant learn after taking the same 15k smack in the mouth multiple times.
 
Quote from tenthousandmen:

Why no comments or listening neke? :( [/B]
More...

To quote Van Tharp:

"We typically trade our beliefs about the market and once we’ve made up our minds about those beliefs, we’re not likely to change them."
 
Weekly Update for week 7/50 ended 3/2/2012

OK week, up 5K.

Collected some nice gains Mon-Thurs, above 10K, but gave back a good chunk of that on Fri. Seems to be the pattern lately. Still wondering why it has to be so. An explanation might be the slowness on Fridays and the dread of an inactive two days thereafter is making me put on a trade, regardless of quality, and regret soon thereafter as the necessary homework is not done. Will ponder what to do to fix this. On another side, I have readied my automation to recognise and close out averaged-in trades, to put in place from next week. Took out 6K from the account for the month ended 2/28/2012.

Code: 
Opening Balance:                	183,012
Net gain for the week 		          5,132
Cash Withdrawal			 	 (6,000)
------------------------------------------------
Net Balance:                   		182,144


Since Inception of Thread   01/18/2012 - 03/2/2012

Opening Balance:                   	203,729
Net loss 			         (9,585) (down 4.7%)
Cash Withdrawal				(12,000)
------------------------------------------------
Net Balance				182,144

attachment.php
 
Quote from neke:

Weekly Update for week 7/50 ended 3/2/2012

OK week, up 5K.

Collected some nice gains Mon-Thurs, above 10K, but gave back a good chunk of that on Fri. Seems to be the pattern lately. Still wondering why it has to be so. An explanation might be the slowness on Fridays and the dread of an inactive two days thereafter is making me put on a trade, regardless of quality, and regret soon thereafter as the necessary homework is not done. Will ponder what to do to fix this. On another side, I have readied my automation to recognise and close out averaged-in trades, to put in place from next week. Took out 6K from the account for the month ended 2/28/2012.

Code: 
Opening Balance:                	183,012
Net gain for the week 		          5,132
Cash Withdrawal			 	 (6,000)
------------------------------------------------
Net Balance:                   		182,144


Since Inception of Thread   01/18/2012 - 03/2/2012

Opening Balance:                   	203,729
Net loss 			         (9,585) (down 4.7%)
Cash Withdrawal				(12,000)
------------------------------------------------
Net Balance				182,144

attachment.php
More...
GD, 182k, didn't I tell you the drawdown was not over with? You know if you spend it, it's gone?

The loss with withdrawals will amount to more than $150,000 less than where you're at today if you don't get rid of your flawed TOS TD Ameritrade simulator that negates your options edge even if you are right about the relative direction of the stock it doens't necessarily correlate to a profitable trade in options, and you need to do more research in your backtesting than blindly trusting the irrelevance of a dangerously, inaccurate simulator.

If you're ignorning this fallacy, then you deserve to lose. I'd be complaining to TD if they were giving me a profitable backtest and the results weren't as such. Take some intellectual assumptions and explain them to TOS, because the strategy is not winning because it doesn't have as profitable a backtest as you are assuming.
 
could you just stop posting and diluting Neke's thread here? Your posts are getting extremely annoying and other than bashing and criticizing in nonconstructive ways I see nothing where you add the slightest bit of value. Please set up your own thread and stop high jacking others'.

Serious request!!!


Quote from bwolinsky:

GD, 182k, didn't I tell you the drawdown was not over with? You know if you spend it, it's gone?

The loss with withdrawals will amount to more than $150,000 less than where you're at today if you don't get rid of your flawed TOS TD Ameritrade simulator that negates your options edge even if you are right about the relative direction of the stock it doens't necessarily correlate to a profitable trade in options, and you need to do more research in your backtesting than blindly trusting the irrelevance of a dangerously, inaccurate simulator.

If you're ignorning this fallacy, then you deserve to lose. I'd be complaining to TD if they were giving me a profitable backtest and the results weren't as such. Take some intellectual assumptions and explain them to TOS, because the strategy is not winning because it doesn't have as profitable a backtest as you are assuming.
More...
 
Quote from amazingIndustry:

could you just stop posting and diluting Neke's thread here? Your posts are getting extremely annoying and other than bashing and criticizing in nonconstructive ways I see nothing where you add the slightest bit of value. Please set up your own thread and stop high jacking others'.

Serious request!!!
More...

bo is just neke's personal little stalker with issues. Just ignore him. neke does.

Also, stop quoting him. Some (many?) of us have him on ignore and don't want to read his drivel.
 
Quote from JamesL:

bo is just neke's personal little stalker with issues. Just ignore him. neke does.

Also, stop quoting him. Some (many?) of us have him on ignore and don't want to read his drivel.
More...


WTF is up with all the neke cheerleaders on here? What have you learned? I will give you one, high stakes poker. You call this trading?
 
Quote from budcampbell:

WTF is up with all the neke cheerleaders on here? What have you learned? I will give you one, high stakes poker. You call this trading?
More...

WTF is with all the neke haters on here?

He's just posting a weekly journal of his trading. He doesn't give a crap what advice you or others may or may not have for him. Just sit back and watch it. No one ever said he was going to give anyone trading tips or lessons.
 
Status
Not open for further replies.
Back
Top