Where is the update?
Quote from ASusilovic:
Good luck, neke ! I will follow your way to Mount Olympus regularly !
Taking 103K to 1.2million by Year End 2008
- Thread starter neke
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I hope that you can make it. Your thread was fun to read in 07.
Because you will be discipline and cut losers at 10%, I wonder how many trades last year that reach -15%, -20% and came back positive for you? These trades would add to your bottom line by not cutting them short.
Because of that, it may save your account this year but your gains will also be less. It's just my guess and I hope that I am wrong.
Best of luck,
Because you will be discipline and cut losers at 10%, I wonder how many trades last year that reach -15%, -20% and came back positive for you? These trades would add to your bottom line by not cutting them short.
Because of that, it may save your account this year but your gains will also be less. It's just my guess and I hope that I am wrong.
Best of luck,
Weekly Update for week 1 ended 01/18/2008
A mildly positive week, up 1K (1%). The emphasis has been sitting and waiting for the trade, making only 13 trades. It nearly paid off handsomely, making 20K on Wednesday buying the follow-on sell-off. Closed off the trades by late afternoon before the further drop. Unfortunately, I could not hold on to the gains on Thursday, trying to do an encore with relaxed standards. This is one of the tendencies I need to watch out for: thinking I could relax the rules after a good gain. In any case, it was a gain for the week, and for that I am pleased.
A mildly positive week, up 1K (1%). The emphasis has been sitting and waiting for the trade, making only 13 trades. It nearly paid off handsomely, making 20K on Wednesday buying the follow-on sell-off. Closed off the trades by late afternoon before the further drop. Unfortunately, I could not hold on to the gains on Thursday, trying to do an encore with relaxed standards. This is one of the tendencies I need to watch out for: thinking I could relax the rules after a good gain. In any case, it was a gain for the week, and for that I am pleased.
Code:
Balance B/F: 102,615
Net Gain for the week 1,001
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Balance C/F: 103,616
Number of Trades 13
Number of Profitable Trades 7
Since Inception of Thread 01/13/2008 - 01/19/2008
Balance B/F: 102,615
Net Gain (Less Margin Interest) 1,001
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Balance C/F: 103,616 (Up 1%)
Number of Trades 13
Number of Profitable Trades 7
Expected Balance at this time to be on track for Year-End Target :
107788
Status: Behind Target (Based on adjusted balance before withdrawals)
Top/Bottom Discretionary Trades for the week
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAINS/LOSS TYPE
HJQAT 2008-01-16-10-03-51 2008-01-16-14-38-23 6000 19400 32200 12670 FSLR JAN CALL
JASO 2008-01-16-09-59-07 2008-01-16-14-33-02 2000 117198 125825 8595 LONG
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SFBAF 2008-01-17-10-30-38 2008-01-17-14-51-12 10000 10800 5300 -5670 SPY JAN CALL
SFBAH 2008-01-17-09-52-01 2008-01-17-12-25-41 15000 14750 2540 -12475 SPY JAN CALLVery, very impressive neke
It's funny, you know. As traders, we think we should chase every twist and turn of the market (like a wolf chasing a rabbit) to achieve greater and greater gains, which only appear to be so in hindsight, and often result in our losing the goal entirely.
But when we lie in wait for our quarry, and spring our trap, we are able to consistently make the singles, doubles (and sometimes triples) which result in truly outstanding numbers, and are the sweet spot where real profitability is to be gained.
Good trading.
Below is the expected rate of growth of balance on my account to attain the target of 1.2million, starting with the 103K at the start of the thread (2008-01-12). The implied rate is 5.04% per week without withdrawals.
Code:
Week End Date Opening Bal. Closing Bal.
1 19/01/2008 102614 107788
2 26/01/2008 107788 113222
3 02/02/2008 113222 118931
4 09/02/2008 118931 124928
5 16/02/2008 124928 131226
6 23/02/2008 131226 137843
7 01/03/2008 137843 144793
8 08/03/2008 144793 152093
9 15/03/2008 152093 159762
10 22/03/2008 159762 167817
11 29/03/2008 167817 176279
12 05/04/2008 176279 185166
13 12/04/2008 185166 194503
14 19/04/2008 194503 204309
15 26/04/2008 204309 214611
16 03/05/2008 214611 225431
17 10/05/2008 225431 236798
18 17/05/2008 236798 248737
19 24/05/2008 248737 261278
20 31/05/2008 261278 274452
21 07/06/2008 274452 288290
22 14/06/2008 288290 302825
23 21/06/2008 302825 318094
24 28/06/2008 318094 334132
25 05/07/2008 334132 350979
26 12/07/2008 350979 368675
27 19/07/2008 368675 387264
28 26/07/2008 387264 406790
29 02/08/2008 406790 427300
30 09/08/2008 427300 448845
31 16/08/2008 448845 471475
32 23/08/2008 471475 495247
33 30/08/2008 495247 520218
34 06/09/2008 520218 546447
35 13/09/2008 546447 573999
36 20/09/2008 573999 602940
37 27/09/2008 602940 633340
38 04/10/2008 633340 665273
39 11/10/2008 665273 698816
40 18/10/2008 698816 734050
41 25/10/2008 734050 771061
42 01/11/2008 771061 809938
43 08/11/2008 809938 850775
44 15/11/2008 850775 893671
45 22/11/2008 893671 938730
46 29/11/2008 938730 986061
47 06/12/2008 986061 1035778
48 13/12/2008 1035778 1088002
49 20/12/2008 1088002 1142859
50 27/12/2008 1142859 1200482
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