2014: The Battle for Survival

[southall]

Again, it is wrong to calculate rate of return without factoring in timing of withdrawals. From your perspective, for the example I gave (making 100K each year and pulling all out with 100K), after ten years your rate would be 27%, after 20 years, it comes down to 17%. No, it is 100% per year all the way.

Yes one is the compounding rate, which falls over time if your profits stay constant.

The other is the simple rate, which stays constant if your profits stay constant.

Still keep up the good work, neke, you are averaging 75K a year, which is very good. But i think you could do even better if you calmed things down a bit.

 

[guy990opl]

Neke didn't lose all his money. He is up 30K this year, he is on pace to make 70K this year, more than what most people make doing things much more boring, soul-sucking, and time consuming than trading. And guess what? he has taken out exactly 30K, so he has taken out his profits. His profits are NOT all gone, unless you think the last 2 months are the only thing that matter.

Before you criticize neke, why don't you look at how much money you have made over the last 10 years trading, and compare it to him. Trading is a long term game, not a short term one. neke has a volatile, yet proven track record of success. And he has a full time job. He is one of the last people you need to worry about on ET.

He is outperforming 99% of the people here, and is in the top 1% in honesty on this forum. If you are looking for lies and smooth equity curves, go look for Karen the Supertrader. If you are looking for the rough realities of the road to success in trading, look for neke.

I trade full time and over the last 10 years I made just enough to keep trading.

Not sure why you feel the need to turn my comment into a pissing contest. I tried to make a comment as kindly as possible. Criticizing is fine since we are here and I was not rude yet if you feel like you want to be his bodyguard ( for no reasons ) and go on personal attacks. You are hijacking his thread. And by the way last year he was up 100% on his account and how did he end up ?

He's been doing this since 2007...I don't think he needs your advice or is looking for it. He gives you updates...come and observe and leave...don't try to be a hero and convince others on your way of living. Oh, you're investing diligently and diversifying your portfolio? Congrats on the 10% return. Neke's not here for 10% return...okay?

I am not trying to convince anyone you and your buddy Marketowl need to get a life. I just made a comment. The end. By the way it is interesting you mention a 10% return, last year I made 9% and I am very happy. With that 9% I can buy the time to do whatever I want to. I hope you do the same, no need to be so angry. This is about trading nothing else.

2 stats without comment:

1. Neke's last 19 months performance is -20K.

2. He said the goal for 2016 was 100K, that was achieved last month by being up YTD 125K.

Not that you wanted to, but Thank you for getting my point. That's why I wrote my comment.

 

[onemoreshot]

I trade full time and over the last 10 years I made just enough to keep trading.

Not sure why you feel the need to turn my comment into a pissing contest. I tried to make a comment as kindly as possible. Criticizing is fine since we are here and I was not rude yet if you feel like you want to be his bodyguard ( for no reasons ) and go on personal attacks. You are hijacking his thread. And by the way last year he was up 100% on his account and how did he end up ?



I am not trying to convince anyone you and your buddy Marketowl need to get a life. I just made a comment. The end. By the way it is interesting you mention a 10% return, last year I made 9% and I am very happy. With that 9% I can buy the time to do whatever I want to. I hope you do the same, no need to be so angry. This is about trading nothing else.



Not that you wanted to, but Thank you for getting my point. That's why I wrote my comment.

Guy it was a douchey post, accept it and move on.

 

[WallStWhizKid]

This is the best journal on all of ET. Only guy to keep it 100% no matter what the result. One of Muhammad Ali's quotes can sum you up. "He who is not courageous enough to take risks will accomplish nothing in life."
I wouldn't be shocked to see him up $200K for end of June. The ability for this man to bounce back from big down months is what makes him a champion.

 

[Pekelo]

Guy it was a douchey post, accept it and move on.

It was not, get over it. If I told you I made exactly zilc (nada, zero) in the last one and half year, what would you do? Would you be cheering for me, or would you criticize my performance?

This is a public journal, so unless you just want to circlejerk and "keep it up Neke, it will be better next month", how about to take some honest criticism like a man and not crying about it?

One thing about trading is that it is hard to sugarcoat or bullshit performance. So let me repeat the FACT for you: Neke didn't make a dime in the last 19 months.

 

[onemoreshot]

It was not, get over it. If I told you I made exactly zilc (nada, zero) in the last one and half year, what would you do? Would you be cheering for me, or would you criticize my performance?

This is a public journal, so unless you just want to circlejerk and "keep it up Neke, it will be better next month", how about to take some honest criticism like a man and not crying about it?

One thing about trading is that it is hard to sugarcoat or bullshit performance. So let me repeat the FACT for you: Neke didn't make a dime in the last 19 months.

Shouldn't u be bitching back in the topstep thread?

 

[Pekelo]

topstep

Did I beat your ass in that thread too?

Or are you subconsciously trying to suggest to Neke that he should stop wasting his own money and sign up with TST? That is just mean, man, I mean child...

---------------------------

Anyhow, at this point I would suggest to Neke to switch to quarterly reporting...

 

[koolaid]

Let's not take Neke's thread off topic. If you want to argue...PM each other.

 

[ironchef]

91K starting capital compounding 25% p/a makes 750K profit after 10 years.

25% p/a since 2007, through the 2008/09 period, is an outstanding return in any book, I can't find any hedge funds with that good a return.

And, since he took out his profits, did not reinvest and compound them, it is even more impressive. The ups and downs of his returns indicated he is not faking it like Karen or Madoff.

If your calculation is correct, this guy is incredible.

 

[southall]

25% p/a since 2007, through the 2008/09 period, is an outstanding return in any book, I can't find any hedge funds with that good a return.

And, since he took out his profits, did not reinvest and compound them, it is even more impressive. The ups and downs of his returns indicated he is not faking it like Karen or Madoff.

If your calculation is correct, this guy is incredible.

Yes 25% a year is a great return.

However neke does have 50%+ drawdowns to.

So that ruins his track record, i think he has the skill to do it the other way and make 50%+ a year compounded with max 25% drawdowns, which would be truly incredible.