2014: The Battle for Survival

Period Update for April 3/29/2014 - 5/3/2014 (5 weeks)

Frustrating month, up 1.25K (0.8%).

Started brightly early in the month with gains, but then the move fizzled out, and then surrendered much of the gains later in the month. We can just call it a month of consolidation, although the P&L on the individual trades are such that the month could have gone either way.

Took out 7K for the months of Mar/Apr.

Because of a higher account balance, and better expectation on some strategies, I am revising my expectation for the remaining 8 months of the year to +108K as in the attachment.

Code: 
--------------------------------------------------------------------------------


Opening Balance:                	152,713
Net gain for period 		          1,248
Cash Withdrawal				 (7,000)
------------------------------------------------
Net Balance:                   		146,961


For the Thread YTD  2014 (1/4/2013 - 5/3/2014)

Opening Balance:                       101,037
Net gain   	    	                57,924 (Up 57%)
Cash Withdrawal			      (12,000)
------------------------------------------------
Net Balance			       146,961
----------------------



TRADES

TYPE	Exit Date/Time		P/L

Stock	2014-04-02-11-16-03	2598.4
Option	2014-04-02-13-19-22	-668.5
Stock	2014-04-03-15-52-44	-1051.7
Stock	2014-04-04-10-27-36	-2016.3
Stock	2014-04-04-10-06-30	5517.9
Stock	2014-04-04-10-03-55	3698.7
Stock	2014-04-04-15-49-28	-8868.8
Option	2014-04-07-15-26-27	594.9
Stock	2014-04-07-10-02-42	3776.9
Stock	2014-04-07-10-02-20	10742
Option	2014-04-07-15-30-27	-1861.1
Option	2014-04-07-15-29-50	4421.6
Option	2014-04-07-15-28-21	-279.8
Stock	2014-04-07-15-28-41	-856.5
Stock	2014-04-07-15-27-20	-481.7
Option	2014-04-07-15-25-38	614.7
Option	2014-04-07-15-19-41	4580.2
Stock	2014-04-09-10-58-45	-1577.7
Option	2014-04-09-11-36-08	7125.8
Option	2014-04-09-11-11-37	-3697.3
Stock	2014-04-10-12-19-16	1807.1
Stock	2014-04-10-14-48-38	471.8
Option	2014-04-10-15-02-56	1761.4
Option	2014-04-11-14-27-06	-932
Stock	2014-04-14-14-23-23	547.9
Option	2014-04-14-15-28-03	-5606.9
Stock	2014-04-15-10-54-14	-778.4
Stock	2014-04-15-15-52-13	-151.4
Stock	2014-04-16-10-47-50	137.8
Stock	2014-04-17-12-02-39	3390.3
Option	2014-04-17-12-30-18	8072
Option	2014-04-17-12-03-34	-8205
Stock	2014-04-22-10-18-19	202.4
Stock	2014-04-22-15-02-09	-2406.5
Stock	2014-04-23-15-53-17	-4358.4
Stock	2014-04-23-10-54-37	1635.9
Stock	2014-04-23-12-24-41	1885.7
Stock	2014-04-24-10-42-48	312.5
Stock	2014-04-25-10-21-51	5215.3
Option	2014-04-25-13-43-25	-9050.4
Stock	2014-04-25-14-16-56	-5917.2
Stock	2014-04-25-14-55-18	-923.7
Stock	2014-04-25-14-16-47	-7681.4
Option	2014-04-28-15-51-56	1483
Stock	2014-04-28-15-52-49	-7521.7
Stock	2014-04-28-15-51-50	2715.3
Stock	2014-04-28-15-51-49	-2030.1
Option	2014-04-28-15-51-55	-277.3
Stock	2014-04-29-09-40-26	-471.2
Stock	2014-04-29-12-44-31	6185.9
Stock	2014-04-30-12-20-51	-727.9
Option	2014-04-30-14-47-05	-2494.9
Stock	2014-05-01-14-30-56	3392.2
Stock	2014-05-01-14-00-11	-2364.3
Stock	2014-05-02-09-45-23	-816.7
Option	2014-05-02-09-45-13	2438.3

attachment.php
 
Neke,

Just wonder why you never move on to trade futures. At least index futures.

This way, you care less about company specific events. No earning release, no company manipulation, no games played by the management.....
 
RedSun said:
Neke,

Just wonder why you never move on to trade futures. At least index futures.

This way, you care less about company specific events. No earning release, no company manipulation, no games played by the management.....
More...

It's like going from drinking a few beers a week to a fifth of jack per day. Totally diff ball game imo.
 
mastacoli71 said:
It's like going from drinking a few beers a week to a fifth of jack per day. Totally diff ball game imo.
More...

No, he is not just drinking a few beers a week. He has put on quite a leverage and aggressive. And he has been doing this several years.

To me, I know I can never out-smart company management. Trading stock is like betting against the house with no edge. Maybe you guys are smarter than I'm :D

Just look at Apple. Its last earning has been just so-so. No new product. The company was smart enough to engineer its finance and jack up its stock price. Why, the dumb fool stock traders were fooled by the management.....
 
RedSun said:
Neke,

Just wonder why you never move on to trade futures. At least index futures.

This way, you care less about company specific events. No earning release, no company manipulation, no games played by the management.....
More...

You forgot less volatility :)
 
"To me, I know I can never out-smart company management. Trading stock is like betting against the house with no edge."

Not at all.

Many traders trade stocks successfully, I would even suggest that the percentage of stock traders who are consistenly profitable greatly exceeds those trading index futures.

Certainly a different ball game, but in no way inferior from a profit point of view.
 
Mo06 said:
I would even suggest that the percentage of stock traders who are consistenly profitable greatly exceeds those trading index futures.

Certainly a different ball game, but in no way inferior from a profit point of view.
More...

i'd have to agree.
I know of a lot more people who are consistently profitable with daytrading stocks than futures.
 
Yes, I agreed that there have been a lot of successful stock day traders. In general, buying stocks makes more money since the market should go up in general.

But how do you get the edge in stock trading? Technical side? Or information side? Most of the stock analysts are not honest. The boiler room stock tip is mostly bogus. There are just so many ways to manipulate stock prices. For small cap, info is extremely hard to get.

With all this, you'll have to spend more time in researching companies. Then you still do not have the edge with information.
 
The edges I can think of in trading stocks are:

1. You have some inside information the general public does not have.
2. You have the capital to influence the stock market, like controlling some shares to squeeze the shorts.
3. You have means to influence the company management, like what the activist investors are doing in controlling the board and management.

Most of the above are illegal. But the activist investors have made it legal.

If you do not have any edge, then it is like going to a casino and bet on the luck... Of course some come out winners, but most would lose...
 
You must log in or register to reply here.
Back
Top