2014: The Battle for Survival

trickshot said:
I don't think volatility is the issue since you don't sell options, it has something to do with the way you bet on mean reversions. This isn't your first massive loss from trying to fade a very strong move.
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Deja Vu. Looks like Neke tried to fade a strong move and he got crushed by it again.

Like I said you need to be honest with yourself, people only continue to do things because it works for them most of the time, meaning fading one sided moves and doubling down on them works for you (most of the time) so you continue to do it. You take away the huge losses if you stop fading and doubling down, but you would also take away the gains that come from successfully fading these moves, how exactly would this affect your trading (in terms of P+L)? Will you be unable to turn a profit at all if you stopped doing that?

Be honest with yourself and take a hard look at your strategies, perhaps they weren't viable to begin with.
 
alot of you guys here don't understand. Big risk...big rewards. Neke isn't about that life where he's starring at charts all day into his 70s. He needs a few homeruns and then he wants to retire.
 
trickshot said:
Deja Vu. Looks like Neke tried to fade a strong move and he got crushed by it again.

Like I said you need to be honest with yourself, people only continue to do things because it works for them most of the time, meaning fading one sided moves and doubling down on them works for you (most of the time) so you continue to do it. You take away the huge losses if you stop fading and doubling down, but you would also take away the gains that come from successfully fading these moves, how exactly would this affect your trading (in terms of P+L)? Will you be unable to turn a profit at all if you stopped doing that?

Be honest with yourself and take a hard look at your strategies, perhaps they weren't viable to begin with.
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No, they are viable without the doubling down. I have checked the data execution price on entry (say first entry), and execution price on exit (say last exit). Play them with fixed sum or fixed % of account, and the performance for the year would be GREAT! So i don't think I'm doing it because it is working. Of course sometimes it works, but overall it is negative and I KNOW IT.
 
I have been reading and enjoying this thread for many years. This is my first post .

Neke. put a big red sign on your computer . "Never add to a loser". When you wake up in the morning say "I will not add to a loser " 1000 times. Get a tattoo on your mouse hand , " I will not add to a loser ". Add to a loser , then burn yourself with a hot iron ( associate adding to a loser with extreme pain ). Goto a 12 step program for adding to losers . Take it 1 day at a time. My name is Neke, it has been 10 day since i last added to a losing position .

-good luck
 
lancemanyon said:
I have been reading and enjoying this thread for many years. This is my first post .

Neke. put a big red sign on your computer . "Never add to a loser". When you wake up in the morning say "I will not add to a loser " 1000 times. Get a tattoo on your mouse hand , " I will not add to a loser ". Add to a loser , then burn yourself with a hot iron ( associate adding to a loser with extreme pain ). Goto a 12 step program for adding to losers . Take it 1 day at a time. My name is Neke, it has been 10 day since i last added to a losing position .

-good luck
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Damn Lance you are a deep lurker. Member for 11 years and 5 posts?
 
lancemanyon said:
I have been reading and enjoying this thread for many years. This is my first post .

Neke. put a big red sign on your computer . "Never add to a loser". When you wake up in the morning say "I will not add to a loser " 1000 times. Get a tattoo on your mouse hand , " I will not add to a loser ". Add to a loser , then burn yourself with a hot iron ( associate adding to a loser with extreme pain ). Goto a 12 step program for adding to losers . Take it 1 day at a time. My name is Neke, it has been 10 day since i last added to a losing position .

-good luck
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the-15-best-things-paul-tudor-jones-has-ever-said-about-trading.jpg
 
I have followed and expressed interests in your thread now for quite some time.

Do you mind sharing what, according to your own estimates, the percentage of trades are that originated on the basis of fading price moves rather than being aligned with them? Thanks

neke said:
No, they are viable without the doubling down. I have checked the data execution price on entry (say first entry), and execution price on exit (say last exit). Play them with fixed sum or fixed % of account, and the performance for the year would be GREAT! So i don't think I'm doing it because it is working. Of course sometimes it works, but overall it is negative and I KNOW IT.
More...
 
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