2014: The Battle for Survival

neke said:
Period Update for July 7/5/2014 - 8/2/2014 (4 weeks)

A good month, up 22K (20%).

Finished off the high of the month, but still a great month. Still looking for the best performing strategy (stock4) to come back to life. In its absence, option1 did a mighty bounce-back from prior poor performance. Generally it's the strategies that have lagged behind before now that delivered for the month. I think it shows what happens when attention is given to them. I pretty much believe every one of my strategies can deliver if care and discipline is applied. Took out 6K for the months June/July




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Neke, do you trade full time or on the side with a full time job?
 
Hi there,

Nice journal.
I haven't really read all the pages, would you care to summarize your strategy and how you implement it, obviously as high level as you desire.

Thanks and best!
 
nomoremondays said:
Hi there,

Nice journal.
I haven't really read all the pages, would you care to summarize your strategy and how you implement it, obviously as high level as you desire.

Thanks and best!
More...

I trade stocks and stock options (liquid ones). Long/short stocks, long options (short-side didn't work out, so I stopped that). Time-frame mostly intraday or single overnight. I place greater emphasis on fundamental analysis (making prediction based on that), not relying on chart analysis. Try to make all my judgement after-hours/pre-market and devise a plan for my system to execute intra-day: intention to hands off doing anything manual in the course of a trading day.
 
neke said:
I place greater emphasis on fundamental analysis (making prediction based on that), not relying on chart analysis.
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Good month!..

Account stop loss definitely a great idea trading intra-day based on fundamentals.. Prices can be irrational (as you have found out often) for MUCH longer than a day.

It is VERY impressive you do have done well with a fundamental bent on such a short time frame.
 
SPY already back at a new high. Not sure what it is going to take to have a correction - Or at least go two months without new highs. I may have to put a pause on my short strategies.
 
Rashid_G. said:
Good month!..

Account stop loss definitely a great idea trading intra-day based on fundamentals.. Prices can be irrational (as you have found out often) for MUCH longer than a day.

It is VERY impressive you do have done well with a fundamental bent on such a short time frame.
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You know there are FUNDAMENTALS and there are fundamentals - I certainly don't apply it intraday the way Warren Buffet does.

As for prices remaining irrational much longer than a day, there is no question about that. But on average irrationality dissipates with time.
 
Period Update for August 8/2/2014 - 8/31/2014 (4 weeks)

A good month, up 28K (22%).

Another great month. Again failed finished well off the highs of the month. The last two weeks coincided with my vacation and fell into familiar routine of switching off my system to give free reigns to my discretion - paid for that with a massive options set back yesterday. Very much encouraged by stock3 (the same broad strategy that cost me 28K on CRAY in Feb). I knew with discipline it could perform.

Stock4 came to life once again. It is kind of becoming a staple now.

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Opening Balance:     128,496
Net gain for period       28,439
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Net Balance:       156,935


For the Thread YTD  2014 (1/4/2013 - 8/31/2014)

Opening Balance:  101,037
Net gain          77,398 (Up 77%)
Cash Withdrawal        (21,500)
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Net Balance        156,935
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ejourntrend.PNG ejournmthly.png
 
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