Half way through life and not close to being consistent

[Blackdollars]

yours or mine?
Either way it sucks. Mine is closer to -6%.
My net liq on 7/31 was 460k (460688) and on 8/29 it was 440k (440592).
My starting balance for the year was 450k.
After today I'm approaching a loss > 13k for the year.

I'm very torn on a couple of things. One is my daughters adv math teacher but that's another story. The other one is my auto-trading. Based on the recent results, I've a hard time putting any money into it. It's been slightly outside of backtesting results and I should probably pull the plug entirely. Since I can't do it right away without a little bit more analysis, I've to limit new trades for now. It is @ 135 pairs trades currently open, I'm going to wind them down to probably 80 by the end of the year.

Oh, this was mine, I suck more than you in August :eek:

You know we have to be careful not to change too much because we are loosing some money. No trading program will be 100%. Last year I lossed money most months but still managed a 79% profit. I guess this helps me keep the faith. I have made considerable profit winning only 30% of my trades at times.

I see that you said you trade 135 different pairs? or do you mean you have 135 positions open? What do you trade exactly (meaning what market(s)).

 

[Blackdollars]

Trying something new here. For everyone but me, you should probably ignore these posts since my results are in the bottom 2% of elitetrader. However I'm hoping this helps me a little.

In the upper left hand corner, it states this is a daily chart. Do you day trade or swing trade this security.

 

[Blackdollars]

Here's something new: find a mentor. I'll do 1 year of tutoring for $50k. BTW I made money every month this year as a PART TIME TRADER! I can show you my records, I keep them meticulously.

How many people have you taught?

 

[gamblingman]

Trying something new here. For everyone but me, you should probably ignore these posts since my results are in the bottom 2% of elitetrader. However I'm hoping this helps me a little.

And out @ 2006.25.

 

[gamblingman]

In the upper left hand corner, it states this is a daily chart. Do you day trade or swing trade this security.

swing trade usually

 

[gamblingman]

Rolled a bunch of trades, new trade on PM

 

[oraclewizard77]

50 k seems high. I would charge $ 0 up front. However, once profitable, he would have to pay me $ 6k from the profits and also post on ET that I was the one that made him a profitable trader.

Here's something new: find a mentor. I'll do 1 year of tutoring for $50k. BTW I made money every month this year as a PART TIME TRADER! I can show you my records, I keep them meticulously.

 

[gamblingman]

Here's something new: find a mentor. I'll do 1 year of tutoring for $50k. BTW I made money every month this year as a PART TIME TRADER! I can show you my records, I keep them meticulously.

Thanks for the offer but I'll pass for now. My IRA didn't have a losing month this year either, if I remember correctly it just had 1 losing month last year. All I'm doing there is selling puts. Needless to say it doesn't really generate the return I'm looking for without taking some serious risk which will back fire in a down market.

 

[gamblingman]

Finally my auto-trades found a grip and didn't lose any money today.
Auto Trades: 3746
Everything else: -134

 

[Blackdollars]

Thanks for the offer but I'll pass for now. My IRA didn't have a losing month this year either, if I remember correctly it just had 1 losing month last year. All I'm doing there is selling puts. Needless to say it doesn't really generate the return I'm looking for without taking some serious risk which will back fire in a down market.

In a down market, wouldn't you just sell calls?