2012: The Battle for Survival

FreakofNature · Jun 8, 2012

Code:
Quote from neke:

Weekly Update for week 21/50 ended 6/8/2012

Awful week, down 5.3K (3.7%).

Code:

Opening Balance: 143,420 Net loss for the week (5,310) ------------------------------------------------ Net Balance: 138,110 Since Inception of Thread 01/18/2012 - 06/08/2012 Opening Balance: 203,729 Net loss (38,619)(Down 19%) Cash Withdrawal (27,000) ------------------------------------------------ Net Balance 138,110

Hey Neke,

In all seriousness, why you even keep trading cash when your equity curve is a falling knife?

Clearly something broke and you need to go back to the drawing board before risking hard earned cash.

JamesBond007 · Jun 8, 2012

Neke,

I, as well as many ET members, have told you many moons ago that you should stop this madness. You simply don't know how to trade. Yet you stubbornly refuse to accept the hard cold reality and bury yourself in bottomless abyss of denial.

I feel pity for the rest of your family. Just at what point are you going to stop? When the balance of your account is at $100k? Zero? Or even after you bust out are you going to borrow money from your family/friends or worse yet take cash advance from your credit cards to prolong the agony before you end up shooting yourself in the head?

Think about it.

Before it's too late.

nonlinear5 · Jun 8, 2012

Quote from neke:

Weekly Update for week 21/50 ended 6/8/2012

Awful week, down 5.3K (3.7%).

What went wrong this time around?

flipside21 · Jun 8, 2012

Quote from nonlinear5:

What went wrong this time around?

I know what went wrong for me. Stocks went up when I was caught with my shorts down.

nillionaire · Jun 9, 2012

Quote from neke:
Awful week, down 5.3K (3.7%).

Why do you say awful? 3.7% is really nothing for your style of trading.

southall · Jun 9, 2012

Quote from nillionaire:

Why do you say awful? 3.7% is really nothing for your style of trading.

That was my first thought.

Maybe he has cut back his risk, so this weeks 3.7% loss would have been a 10% losing week a few months ago.

But somehow i doubt he has really cut back his risk and so another 10K+ losing week is just a matter of time.

vincentvega · Jun 9, 2012

Quote from JamesBond007:

Neke,

I, as well as many ET members, have told you many moons ago that you should stop this madness. You simply don't know how to trade. Yet you stubbornly refuse to accept the hard cold reality and bury yourself in bottomless abyss of denial.

I feel pity for the rest of your family. Just at what point are you going to stop? When the balance of your account is at $100k? Zero? Or even after you bust out are you going to borrow money from your family/friends or worse yet take cash advance from your credit cards to prolong the agony before you end up shooting yourself in the head?

Think about it.

Before it's too late.

I hope neke listens to someone with better rep on this board-fewer posts and a longer stay.

NOTmm · Jun 9, 2012

Quote from nonlinear5:

What went wrong this time around?

You are probably partially responsible for his loss. You told him to stick to the system, which may be a bad one. (If he had taken the small profit manually, that trade would not have been a loser....)

He may be thinking about going back to discretionary trading next week, or partial discretionary trading.

neke · Jun 15, 2012

Weekly Update for week 22/50 ended 6/15/2012

Flat week, down $458 (0.3%). Still trying to gather myself together.

Code:

Opening Balance:                	138,110
Net loss for the week 		           (458)
------------------------------------------------
Net Balance:                   		137,652


Since Inception of Thread   01/18/2012 - 06/15/2012

Opening Balance:                   	203,729
Net loss 			        (39,077)(Down 19%)
Cash Withdrawal				(27,000)
------------------------------------------------
Net Balance				137,652

vincentvega · Jun 15, 2012

Quote from neke:

Weekly Update for week 22/50 ended 6/15/2012

Flat week, down $458 (0.3%). Still trying to gather myself together.

Code:

Opening Balance: 138,110 Net loss for the week (458) ------------------------------------------------ Net Balance: 137,652 Since Inception of Thread 01/18/2012 - 06/15/2012 Opening Balance: 203,729 Net loss (39,077)(Down 19%) Cash Withdrawal (27,000) ------------------------------------------------ Net Balance 137,652

Good work on executing your rules and not losing lots of money.

Have you considered taking at least a week off? That could do the trick for your turn around. Just don't think about anything related to trading, then get back to it next weekend.