2014: The Battle for Survival
- Thread starter neke
- Start date
Sorry to hear that. You know I always root for you.
So what happened? The market had been in a strong uptrend. Did you bet against this trend or did you oversize one or two positions that went against you?
I am not going to say anything, I am just sad...
No point being happy or sad. Those emotions only affect trading for the worst.
This is how neke trades: he wins big but sometimes loses even bigger. He is a Plunger!
(Ideally it should be the other way around, (bigger winners) but this is just the way he trades).
But eventually he comes back. The market humbles every trader sometimes.
The good thing is he pulls out money from the market on regular basis and will always be ahead because of this.
This loss will only make Neke a stronger trader in the future.
Having said all that, i wish he would aim to make 50 to 100% a year, instead of trying to make that every month!
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He hasn't made any money in the last 24 months, since the fluctuations started. That is 2 years, zero profit in my book, but maybe I miscalculated it. (the 2 years, not the P/L)
Let's say it isn't Neke but Whoever and he says: Hey guys, I am breakeven for the last 2 years and my record fluctuates +40%, -30%, etc. month to month.
What would you tell to Whoever?
Right. And I am sure there is absolutely no stress involved either....
Lots of hedge funds tread water for two years or more.
Eventually they start to make money again.
Neke is doing fine overall, but he does risk ruin with his aggressive bet sizes.
You need brass balls to sell real estate, not to trade.