Taking 103K to 1.2million by Year End 2008
- Thread starter neke
- Start date
- Status
I cant believe you can make that much money and still ask questions like this.
The selling this morning was so low volume that I took profit on my short so early I was kickin myself. Needless to say seeing the volume come in on the long side and all those suckers shorting the lows having to cover was not much of a suprise.
Quote from JB3:
Neke,
Does you coworkers know about your trading successes? Man, I would think they would hitting you up for trading for them or at least picking up the lunch bill for the rest of the year!
I try to keep a low profile about this at work. (After all trading in the office is still "officially" not allowed). But my close colleagues are aware I do trade. I do not disclose how much I make, but from my financial situation (pay for my parking close to office while they go with public transit to save on parking fees), made substantial down-payment when buying a house a couple years ago, etc, they are aware the work does not mean as much to me financially as it does to them. They call me a rich guy but we do not discuss details of that "richness". Hopefully none of them visit ET.
BTW I am still building up my account. I haven't withdrawn a lot this year.
Neke,
are you in UK, Austrailia or the US?
are you in UK, Austrailia or the US?
LOL. Nice, man.
Can you please take a picture when you finally roll into your parking spot with your new Maseratti and put in your letter of resignation?
Way to stay incognito. Sometimes trading is a lonely game, especially when you can't even tell your close friends how much you make.
And you should pick up the lunch bill for your co-workers, brings good karma!
Damn, you are my hero! LOL.
11/14/2008
Weekly Update for week 44 ended 11/14/2008
Good week, up 56K (16.4%).
Lost money Mon, Tue, Wednesday. Came back mightily Thurs, Fri.
On Wednesday, lost 25K trying to call a bottom to the downtrend: Bought 400 SPY CALL (SZCKJ) @ 3.13 average, closed @ 2.53 as the market kept drifting lower.
On Thurs, saw the market selling off again, and bought 4000 SPY @ 82.66 after it went down precipitously following a new 52-week low: the loss of the prior day was too fresh in my mind to play aggressively using options. Turned out I nailed it close to the bottom. Went for a meeting (1pm-2pm). Came back shortly before 2pm and saw it at 85.28, and closed out, thinking it was too much too fast. Watched as the market kept soaring above 88.7. Fortunately it pulled back to below 87, and I took another 4000 shares @ 86.70, which I closed later @ 89.20.
On Friday caught the afternoon attempt at rally. Was having some SPY put (bought when SPY was at 88.60 by 10:55am). Closed it for a 5K loss, and loaded up on the call 300 contracts @ 2.93 (stock at 89.3) which I closed at 4.10 for a nice 34K gain. The prior day I regretted not holding my positions to the close. This day I was rejoicing I didn't (all the gains could have vanished!).
Looking forward to next week.
Weekly Update for week 44 ended 11/14/2008
Good week, up 56K (16.4%).
Lost money Mon, Tue, Wednesday. Came back mightily Thurs, Fri.
On Wednesday, lost 25K trying to call a bottom to the downtrend: Bought 400 SPY CALL (SZCKJ) @ 3.13 average, closed @ 2.53 as the market kept drifting lower.
On Thurs, saw the market selling off again, and bought 4000 SPY @ 82.66 after it went down precipitously following a new 52-week low: the loss of the prior day was too fresh in my mind to play aggressively using options. Turned out I nailed it close to the bottom. Went for a meeting (1pm-2pm). Came back shortly before 2pm and saw it at 85.28, and closed out, thinking it was too much too fast. Watched as the market kept soaring above 88.7. Fortunately it pulled back to below 87, and I took another 4000 shares @ 86.70, which I closed later @ 89.20.
On Friday caught the afternoon attempt at rally. Was having some SPY put (bought when SPY was at 88.60 by 10:55am). Closed it for a 5K loss, and loaded up on the call 300 contracts @ 2.93 (stock at 89.3) which I closed at 4.10 for a nice 34K gain. The prior day I regretted not holding my positions to the close. This day I was rejoicing I didn't (all the gains could have vanished!).
Looking forward to next week.
Code:
Opening Balance: 341,759
Net gain for the week 56,124
------------------------------------------------
Net Balance: 397,883
Number of Trades 24
Number of Profitable Trades 14
Since Inception of Thread 01/13/2008 - 11/14/2008
Opening Balance: 102,615
Net gain (Less Margin Interest) 320,268
------------------------------------------------
Balance Before Withdrawal: 422,883 (Up 312%)
Cash Withdrawal -25,000
------------------------------------------------
Net Balance 397,883
Number of Trades 1044
Number of Profitable Trades 619
Top/Bottom Discretionary Trades for the week
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
SWGKL 2008-11-14-14-05-55 2008-11-14-15-08-44 30000 87900 123000 34629 SPY CALL
SPY 2008-11-14-14-32-27 2008-11-14-15-00-28 5000 447991 460000 11987 LONG
SPY 2008-11-13-13-02-12 2008-11-13-13-47-23 4000 330640 341124 10462 LONG
SPY 2008-11-13-15-08-21 2008-11-13-15-30-25 4000 346800 356886 10064 LONG
-------------------------------------------------------
SZCKJ 2008-11-12-10-43-26 2008-11-12-15-28-08 40000 125400 101420 -24611 SPY CALL- Status