Aren't you excited to have your offer open to all?
2014: The Battle for Survival
- Thread starter neke
- Start date
No, I am not. Would you be? Ah, I forgot, you as someone without any morals don't care...
Ok, I'm done. Bye.
It's moral to report fraudulent member.
You're the one without ethics.
Impolite in addition...
& egocentric.
So what is here the long term plan? I looked the numbers up, and you made about 45K since 2010. So 45K in 66 months that is about $700 monthly profit, but if your next month is a 20-30K loser, you basicly didn't make money in the last 5.5 years.
Have you ever thought of just writing covered calls on bigger steady stocks? You would be the casino and let others gamble. It is not an exciting way to make money, but you could do 1.5-2% monthly with 1-2 hours of work per month. Now some of you might say, what is 2% a month for Neke and I say his 5 years average is less than 0.5% so that would be a 4 times improvement on his trading not to mention the extra hours not wasted on looking at charts and news.
Just an idea... But even if you don't follow it, I am curious, what is your master plan to turn things around? Because whatever it has been, it is not working...
Have you ever thought of just writing covered calls on bigger steady stocks? You would be the casino and let others gamble. It is not an exciting way to make money, but you could do 1.5-2% monthly with 1-2 hours of work per month. Now some of you might say, what is 2% a month for Neke and I say his 5 years average is less than 0.5% so that would be a 4 times improvement on his trading not to mention the extra hours not wasted on looking at charts and news.
Just an idea... But even if you don't follow it, I am curious, what is your master plan to turn things around? Because whatever it has been, it is not working...
You are picking a point near a very high previous equity peak.
The results will always look bad if you do that.
Either look at all the performance, since his trading started, or look from the most recent equity low, when neke's account was below 100K a few years ago.
How much has he made since then, including all his recent withdrawals?
Since Jan 2013 he has made around 250K.
This works out to 70K a year and much closer to his long term average.
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It is interesting that he made most of his profits in the first 4 years (2007 to 2010), and from 2011 to 2016, there is not much increase in the wealth. Supposedly he gains much more experience and knows the market better after these years. I am not sure it is the market, or his strategy that contribute to the situation. Following his postings and monthly reports, one thing is sure that you never know next month will come out, either big profit or big loss or something else. There seems no pattern.
OK how about the last 20 months? The result is a breakeven. Now if one doesn't make any money for 20 months, something is obviously up... His broker's profits, that is...
I picked 2010 because that is when the losses started and even the 2013 very good year only brought it back slightly into the green and 2014 and 2015 were lucklusters. But again, if we look at the previous 20 months and not calendar years, there is no profit whatsoever...
And you are only as good as your last few months/years. Nobody cares that you were good once back in the stoneage...
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That being said, I want to know what he is hoping for, what change would turn things around? It looks like that 2013 excellent year was an outlier, and not the norm. Now if we add the countless hours wasted and stress what has to take a tool on him, the quesion is, is it worth it for $700 per month? Time is something you will never get back and there are way simpler ways to make that little money per month...
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post your results from the last couple of years before you judge someone else's