My costs are WAY higher than 2%.
2014: The Battle for Survival
- Thread starter neke
- Start date
Neke - are you getting close to finish above your cut off line?
I feel for Neke as I have experienced the highs and lows he has. I can't believe he has lasted this long as P and L swings of this magnitude eventually take a toll on you. It can F one up in the head big time and will age one faster than anyone can ever imagine. Having a job may help but every $ lost is another blow to ones mindset.
Hopefully he does not go back to what caused the big drawdowns but unfortunately the bad habits have also allowed him to make the big gains as well. The brain is more powerful than you could ever think. He has proven over and over that eventually he will break disciplines.
No not yet. Still in the consolidation phase - getting used to my regime of discipline. Will post an update at end of the quarter (month end).
Good luck Neke.
Period Update 11/04/2016 - 4/01/2017
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Well since I have processed the pains of November 2016, and the loss of more than half my account, here is in summary my monthly performance including that period.
So yes, it has been a gruesome four months trying to cut off all discretion from my trading, enforce rules, and put a good distance between me and the trades. I would attribute the first two months losses (Dec/Jan) to continuation of lack of clarity on the changes I wanted to put in place. Subsequently, as the rules became more defined and enforced, I believe I am on the path to enforcing a new style/discipline of trading. Size is down, volatility should hopefully be lower and the path to recovery longer. I have accepted this, and want to move on.
Next update would be in 3 months time. Still not in a position to give monthly feedback.
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Well since I have processed the pains of November 2016, and the loss of more than half my account, here is in summary my monthly performance including that period.
Code:
Starting Balance: 275,597
Start Date End Date P/L Withrawal Closing Balance
11/05/2016 12/03/2016 -143948 -3500 128,149
12/03/2016 12/31/2016 -5012 0 123,137
12/31/2016 02/04/2017 -20950 -6500 95,687
02/04/2017 03/04/2017 12058 -3000 104,745
03/04/2017 04/01/2017 7159 0 111,904So yes, it has been a gruesome four months trying to cut off all discretion from my trading, enforce rules, and put a good distance between me and the trades. I would attribute the first two months losses (Dec/Jan) to continuation of lack of clarity on the changes I wanted to put in place. Subsequently, as the rules became more defined and enforced, I believe I am on the path to enforcing a new style/discipline of trading. Size is down, volatility should hopefully be lower and the path to recovery longer. I have accepted this, and want to move on.
Next update would be in 3 months time. Still not in a position to give monthly feedback.
Neke,
This is my #1 favorite thread in all of EliteTrader. I've followed it for years. I appreciate your consistency and honesty in the thread. Glad the last 2 months are off to a green start. You have some confidence under your feet now after that difficult month. Best of luck to you, brother. God bless.
This is my #1 favorite thread in all of EliteTrader. I've followed it for years. I appreciate your consistency and honesty in the thread. Glad the last 2 months are off to a green start. You have some confidence under your feet now after that difficult month. Best of luck to you, brother. God bless.
Yes. This. I respect it whether I agree with it or not.