2012: The Battle for Survival

[illiquid]

Neke, how much time during the day do you actually spend in front of your screen focusing on the quotes? Don't you also have a day job? TD ameritrade + intraday time-frame + fulltime job seems a recipe for failure.

Seriously, how many trades do you end up just holding all day until you get a chance to exit before the close? Or do you just use automated stops? And were you short RHT this week?

 

[budcampbell]

Quote from neke:

Weekly Update for week 11/50 ended 3/31/2012

Mournful week, down 19.5K (9.7%).

Steady losses on Mon, Tues, Wed combined to poke a stunning hole in my account. No outlandish loser, but a series of (bad luck?) ensured the combined damage was massive. I would put on say four limit orders; the two that filled get to be the big losers while the two that grazed my limit (barely missing) proceeded to generate gains without me in. That is the summary of those three days. So I am not going to beat myself merciless on those trades, but will take steps to make "luck" on my side next time. Focus for the next couple of weeks is finalizing the definition/programming of the next set of come-back strategies and slimming down of existing core strategies.

Opening Balance:                	200,861
Net loss for the week 		         19,458
------------------------------------------------
Net Balance:                   		181,403


Since Inception of Thread   01/18/2012 - 03/31/2012

Opening Balance:                   	203,729
Net loss 			        (10,326)(Down 5.1%)
Cash Withdrawal				(12,000)
------------------------------------------------
Net Balance				181,403

Dude: This is totally fuk'n unacceptable. No such thing "as bad luck" as Trading is a marathon, not a sprint race. Until you learn how to make the transition and get some sort of disciplined trading plan, suffering is your destiny.

 

[fishing]

oh please, please the guy alone.. he doesn't need anyone's advices

 

[RedTankEra]

Quote from fishing:

oh please, please the guy alone.. he doesn't need anyone's advices

Yes he does, and in dire need.

 

[trader198]

you have 200k account and still go down?

I feel whether big account or small acoount when the losing streak starts, it is a disaster.

whether you will be successful or not, it proves the account size does not really matter.

just read through trading traps, people anchor themsleves on the past.

do not look at the loss, look at the sunshine side. you will see sunshine, not shadow.

stop trading will immediately put you to the neutral ground or no losing position

try stop method


best luck

 

[Trader KGB]

Like clockwork, the parade of Monday morning quarterbacks comes out of the woodwork every time neke has a bad week..

Quote from budcampbell:
Dude: This is totally fuk'n unacceptable. No such thing "as bad luck" as Trading is a marathon, not a sprint race. Until you learn how to make the transition and get some sort of disciplined trading plan, suffering is your destiny.

A quick perusing of your post history shows well over 90% of your time on ET is spent in the Politics & Religion section. Are you even a trader? (I seriously doubt it)

 

[budcampbell]

Quote from Trader KGB:

Like clockwork, the parade of Monday morning quarterbacks comes out of the woodwork every time neke has a bad week..



A quick perusing of your post history shows well over 90% of your time on ET is spent in the Politics & Religion section. Are you even a trader? (I seriously doubt it)

Are you a trader? I seriously doubt it, asking stupid questions such as the one above. I have followed this person for well over a year on this board, and has a fundamental problem that he/she can't
quite get past. Hence the criticism.

 

[neke]

Quote from illiquid:

Neke, how much time during the day do you actually spend in front of your screen focusing on the quotes? Don't you also have a day job? TD ameritrade + intraday time-frame + fulltime job seems a recipe for failure.

Seriously, how many trades do you end up just holding all day until you get a chance to exit before the close? Or do you just use automated stops? And were you short RHT this week?

I still have my regular job (glad I do ). My work revolves mostly around the computer, so yes I frequently check on the market (switch windows!). I have automated stops on most of my positions these days too, and I have opportunities to close them before close of market if not stopped out. RHT? I am glad my system recognised my short as disallowed strategy and closed it out immediately (shorted 55.20 closed out 5 seconds later at 55.38) or I could have mourned that trade.

------
Update for Week ended 4/6/2012

Flat week, up $150. Withdrew 5K for the month ended 3/31/2012. Still spending time programming my new strategies

 

[Millionaire]

Neke's 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
Week 6: (14,717)
Week 7: 5,132
Week 8: 9,163
Week 9: 14,371
Week 10: (4,817)
Week 11: (19,458)
Week 12: 150


Good to see more winning weeks than losing ones.

We need to see more 14K+ winning weeks too.

 

[tenthousandmen]

Quote from neke:

I still have my regular job (glad I do ). My work revolves mostly around the computer, so yes I frequently check on the market (switch windows!). I have automated stops on most of my positions these days too, and I have opportunities to close them before close of market if not stopped out. RHT? I am glad my system recognised my short as disallowed strategy and closed it out immediately (shorted 55.20 closed out 5 seconds later at 55.38) or I could have mourned that trade.

------
Update for Week ended 4/6/2012

Flat week, up $150. Withdrew 5K for the month ended 3/31/2012. Still spending time programming my new strategies

Nice work. Great to hear on your new systems. With your account still frankly quite large, and your job, don't feel too rushed or stressed on getting that system to your account trading live.