Taking 103K to 1.2million by Year End 2008

[hypo]

Quote from 4DTrader:

neke,

You have been trading since 1999, but you are still making amateur's mistakes. Your performance is disappointing. I cannot imagine that after 8 years a trader still behaves like this. If a trader does stupid things in the first three years, it's forgivable, but not beyond three years. I think any mistakes a trader can possibly make are made and repeated in the first three years.

But then again, mistakes have a way of disguising themselves in other forms Not to say that making the same mistakes are excusable, but to the untrained eye they just come in different forms

Especially as we transition from one market to the next. I would hope tho that maybe after seeing a couple bull/bear cycles I would have a good handle on the range of possible mistakes. We'll see in another 5-10 years

 

[Pita]

I dont get it whats the point here. One big loser or a losing week, thats not a reason to question anything or look for what can be improved. That happens to everyone who wants to make a lot. Neke dont get blinded here from ideas of others how they see or might solve a problem that has not even happened to themselves. I think you trade aggressively by your temper but have the eye and ideas how to play it. Get up and make some dosh next week.

 

[retire45]

Neke,

I said this last year.. Even a daytrader cannot achieve great numbers trading against the Market.. I was on the other side of your BIDU trade.. Charting the daily is a MUST because it gives you the direction of the Stock AND the fortitude to stick with the trade should it threaten you.. see attached. Clear breakout, MACD creeping up, PLUS there is a VERY long trendline that should produce GREAT profits short only when it is broken and remains so after lunch.. You could have taken the 280 resistance short also..

 

[retire45]

Also I think public Journals rather than help discipline create a pressure to have good returns, aggravated by the short weekly time-frame..

 

[retire45]

Actually I was long on Tuesday at 249 so not "quite" against your trade.. On Wednesday it already tried 280 so your trade shouldn't have been as bad depending on entry.

As far as "baby" steps are concerned.. I "THINK" they are an illusion of lower risk, a conondrum of sorts.. The bigger rising steps can afford weeks like this more than the baby steps can..

 

[blackjack007]

Quote from Intelinvestor:

Don't be too harsh to yourself. You are doing fine. Everybody has a down time.

this is your idea of "doing fine"? barely breaking even after 3 months is not doing fine. he could have put his money in a cd and gotten the same return.

like i said at the outset, this is nothing more than gambling.

 

[H30]

I beg to differ black jack, barely breaking even in my opinion is great after three months. Protecting capital is paramount in this environment.

 

[neke]

Quote from retire45:

Neke,

I was on the other side of your BIDU trade..

Was about to say, now that I have found who took my money, can I have it back please! I'm pleading!!

 

[Intelinvestor]

Esp. in a period when average investors are down 15% to 20% YTD.

Quote from H30:

I beg to differ black jack, barely breaking even in my opinion is great after three months. Protecting capital is paramount in this environment.

 

[MandelbrotSet]

Your method of trading is one of the toughest around.

Keeping in mind that you're doing it while working a full-time job and making weekly updates in your Journal and I don't think people have too much to complain about around here.

Good trading, great discipline.