2012: The Battle for Survival

neke · Jan 29, 2013

Quote from southall:

Hey neke,

hows it going? saturday mornings arent the same without looking forward to your journal updates.

Its not too bad, just living below the surface (100K) and gasping for fresh air as someone has noted. Hopefully will be back up before long.

koolaid · Jan 29, 2013

Quote from MarketOwl:

No gambler enjoys losing, they enjoy the thrill from putting there money at risk and hoping to win.

No, they get the thrill from playing. The joy is playing. That's why gamblers don't quit when they lose.

daniel33 · Jan 30, 2013

Quote from neke:

Hopefully will be back up before long.

Wish you the best, but hope can be a dangerous thing.

short&naked · Mar 19, 2013

ummm.... blow-up?

southall · Mar 19, 2013

Quote from short&naked:

ummm.... blow-up?

"Trading a small account and living off of it at the same time is like eating your own fish bait." -- Ed Seykota

glassinc · Mar 25, 2013

A classic as well as very profound quote from one of the most successful of all time.

RedSun · Apr 22, 2013

Quote from southall:

"Trading a small account and living off of it at the same time is like eating your own fish bait." -- Ed Seykota

$400,000 account is not small

He was just not consistent. How many of you are?

southall · Apr 22, 2013

Quote from RedSun:

$400,000 account is not small

He was just not consistent. How many of you are?

Neke is a family man with expenses, anything less than $1million is small if he needs $60K+ a year just to meet living expenses. Especially in this time when brokerages dont pay interest on overnight cash.

Pekelo · Apr 22, 2013

Quote from RedSun:

$400,000 account is not small

Dude, read the fucking journal, will you? It got small by the time he reached 100K... He went below 100K AND taking out 5K a month, before stopped posting. That is a 40K account by year's end, if you are just breaking even...

And unfortunately he was very consistent, just not about winning....

budcampbell · Apr 22, 2013

Code:
Quote from neke:

Weekly Update for week 3/50 ended 2/4/2011

Disgusting week, down 3.8K (2%).

Was having an OK week, until Friday. A short position cost me a bunch and reversed my gain for the week. Took out 6K for the month ended 1/31/2012.

Code:

Opening Balance: 198,139 Net loss for the week (3,770) Cath Withdrawal (6,000) ------------------------------------------------ Net Balance: 188,369 Since Inception of Thread 01/18/2012 - 02/04/2012 Opening Balance: 203,729 Net loss (9,360) (Down 4.7%) Cash Withdrawal (6,000) ------------------------------------------------ Net Balance 188,369

Case study in how traders stubbornly let the market chew them up and spit them out.