Well he traded VRX...so the risk management wasn't really there...but this is what I respect about Neke...he puts it out there for everyone to see...both his defeats and his victories...Most people on here just post their wins and hide their losses. So really...fk all of you fakers out there. You got my respect Neke.
2014: The Battle for Survival
- Thread starter neke
- Start date
Well he traded VRX...so the risk management wasn't really there...but this is what I respect about Neke...he puts it out there for everyone to see...both his defeats and his victories...Most people on here just post their wins and hide their losses. So really...fk all of you fakers out there. You got my respect Neke.
If you keep your trading system, trading style, and trading methodology, but drop pharmaceuticals from your list of stocks to trade, I think you might find yourself better off in the long run. I dropped pharmaceuticals from my stocks years ago when I discovered they were some of my biggest losses.
Period Update for April (04/02/2016 - 04/30/2016) (4 weeks)
Great month, up 94k (42%).
Delighted to come back strong after a disastrous month of March. Was helped greatly by the earnings season throwing up opportunities here and there. I am particularly encouraged by the result of my decision to remote host my system. In addition to cutting out the tendency to shut down system and revenge trade, I am pleased by the system performance and availability - not a single system issue (internet outage, memory leak, frozen app etc).
The first week was bad (-16K), bottoming early the following week with about 203K. Worked my way up with a string of good trades, boosted by my option acceleration model. My revised acceleration table is listed below. Have decided to make all qualifying trades medium conviction (MC) since it was hard to get anything matching the stringent conditions for HC. So as the table shows, at $203K, option size was 4% (or $8K - level 1), while at this time (level 5), I could stake 11% of account (or about $35K) on an option position. For medium conviction trades, I will max out at 25% of account - a level I believe is well below the optimal fraction for my qualifying trades. I understand, one should never go beyond that.
Great month, up 94k (42%).
Delighted to come back strong after a disastrous month of March. Was helped greatly by the earnings season throwing up opportunities here and there. I am particularly encouraged by the result of my decision to remote host my system. In addition to cutting out the tendency to shut down system and revenge trade, I am pleased by the system performance and availability - not a single system issue (internet outage, memory leak, frozen app etc).
The first week was bad (-16K), bottoming early the following week with about 203K. Worked my way up with a string of good trades, boosted by my option acceleration model. My revised acceleration table is listed below. Have decided to make all qualifying trades medium conviction (MC) since it was hard to get anything matching the stringent conditions for HC. So as the table shows, at $203K, option size was 4% (or $8K - level 1), while at this time (level 5), I could stake 11% of account (or about $35K) on an option position. For medium conviction trades, I will max out at 25% of account - a level I believe is well below the optimal fraction for my qualifying trades. I understand, one should never go beyond that.
Code:
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Opening Balance: 224,736
Net gain for period 94,217
------------------------------------------------
Net Balance: 318,953
For the Thread Year 2016 (1/1/2016 - 4/30/2016)
Opening Balance: 203,449
Net gain 125,504 (Up 62%)
Cash Withdrawal (10,000)
------------------------------------------------
Net Balance 318,953
----------------------
TRADES
TYPE Exit Date/Time P/L
OPTION 2016-04-04-15-37-02 1187.3
OPTION 2016-04-04-14-56-43 -1021
OPTION 2016-04-05-10-18-37 -5641.1
STOCK 2016-04-05-15-39-27 1177.6
OPTION 2016-04-05-12-16-46 -6441.8
OPTION 2016-04-05-15-57-39 5067
STOCK 2016-04-05-12-17-42 -2766.6
STOCK 2016-04-06-10-37-19 915.9
OPTION 2016-04-06-15-35-18 -9153.1
STOCK 2016-04-11-15-32-50 -2376.9
OPTION 2016-04-11-15-58-08 -2153.8
STOCK 2016-04-11-15-49-16 -222.3
STOCK 2016-04-11-15-25-04 880.7
STOCK 2016-04-12-11-00-53 21.9
STOCK 2016-04-12-12-17-27 2272.8
OPTION 2016-04-12-14-20-46 9953.8
STOCK 2016-04-12-15-55-17 1725.5
STOCK 2016-04-13-10-14-55 235.6
OPTION 2016-04-13-10-14-39 -81.6
STOCK 2016-04-13-14-55-54 536.1
OPTION 2016-04-13-14-53-15 7090.6
STOCK 2016-04-13-15-54-12 -635
STOCK 2016-04-13-15-25-58 1454.2
OPTION 2016-04-13-12-07-35 -2597.2
OPTION 2016-04-13-15-25-34 3415.4
STOCK 2016-04-14-09-59-50 7178.7
OPTION 2016-04-14-14-35-04 -1497.7
STOCK 2016-04-15-09-37-24 -721.6
STOCK 2016-04-15-11-56-54 1551.8
STOCK 2016-04-15-10-55-11 936.7
STOCK 2016-04-18-10-03-49 3992.4
STOCK 2016-04-18-12-04-44 -752.3
STOCK 2016-04-19-11-09-28 3014.4
STOCK 2016-04-19-15-35-07 -1432.3
OPTION 2016-04-19-15-33-37 13211.1
OPTION 2016-04-19-11-45-02 6201.3
OPTION 2016-04-19-15-54-27 -2375
OPTION 2016-04-20-11-06-34 7683.7
STOCK 2016-04-21-15-09-20 4496
OPTION 2016-04-21-12-16-04 19426.2
OPTION 2016-04-21-15-50-30 -7135.9
STOCK 2016-04-21-11-39-57 -1076.8
STOCK 2016-04-21-11-38-38 373.2
STOCK 2016-04-21-15-01-04 -631.9
OPTION 2016-04-22-15-35-27 4023.6
OPTION 2016-04-22-10-04-54 5819.5
OPTION 2016-04-22-11-37-15 11564.8
STOCK 2016-04-22-15-36-42 577.4
OPTION 2016-04-22-15-38-35 524.7
STOCK 2016-04-25-10-14-25 -625.6
STOCK 2016-04-25-15-33-32 1001.9
STOCK 2016-04-26-11-48-06 -5267.9
OPTION 2016-04-26-11-24-19 -17936.9
OPTION 2016-04-26-15-51-38 -1489.7
STOCK 2016-04-26-15-41-48 2289.2
STOCK 2016-04-26-15-51-08 1402.4
STOCK 2016-04-27-11-09-33 -2713.4
OPTION 2016-04-27-10-10-34 -1956
OPTION 2016-04-27-15-18-01 20751
OPTION 2016-04-27-15-53-41 2375
STOCK 2016-04-27-15-20-53 2488.9
STOCK 2016-04-28-11-27-38 3109.7
STOCK 2016-04-28-15-55-22 -1679.9
STOCK 2016-04-28-14-26-35 4329.8
STOCK 2016-04-28-09-42-11 732.9
STOCK 2016-04-29-15-01-12 -5733.8
OPTION 2016-04-29-10-10-25 -324.4
STOCK 2016-04-29-10-35-43 3671.7
STOCK 2016-04-29-10-21-46 4905.8
OPTION 2016-04-29-15-49-32 3284.2
STOCK 2016-04-29-15-16-38 830.7
STOCK 2016-04-29-15-16-04 1295.1
STOCK 2016-04-29-15-34-52 1679.5
Option Levels for MC trades
lvl MinBal Perc
0 <200000 0.02
1 200000 0.04
2 210970 0.05
3 226266 0.07
4 248066 0.09
5 280061 0.11
6 328910 0.15
7 407608 0.19
8 544199 0.25Attachments
Congrats Neke. I highlighted one section that I suggest you print out and read every single night before going to bed and every morning you wake up. Also post it above your screens. You went to full automation for a reason and have stats that you used to create it so let it work!
Neke, do you trade momentum or mean reversion? Just curious.
both
Notice how all the people come out and say Neke has no risk management when he loses money. But when he has a big month everything is crickets.
Neke, you have balls of steel. Congrats on the great performance.
Neke, you have balls of steel. Congrats on the great performance.
Neke, I´ve been folowing your post since you did your first journal. Let me start by saying, hell of a good job.
One thing that i noticed is that you almost breakeven in stock trading vs options trading. I mean, you almost dont win nothiong trading stocks. Wouldnt be best to just trade the options, that seems that your system is better at?
best regards man
One thing that i noticed is that you almost breakeven in stock trading vs options trading. I mean, you almost dont win nothiong trading stocks. Wouldnt be best to just trade the options, that seems that your system is better at?
best regards man