Taking 103K to 1.2million by Year End 2008

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Quote from WallStWhizKid:

Your BIDU March 260 PUTS (BDUOV) would have been worth 100K today had you held. If only someone had tomorrows newspaper today you could turn 1K into a billion in a month.

Would you guys rather have that or the power to turn invisible?
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Yea, it feels at times the market is out to frustrate you as long as possible.
 
Quote from neke:

Weekly Update for week 10 ended 03/22/2008

Another bad week, down 6.4K. Made some error of judgement in my discretionary trades and my automated did not fare much better.

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neke,

Please set a good example for us (for me actually), I don't want to struggle in 5 years. I want to trade on a tropical island in 5 years and make money consistently. On a second thought, I don't mind a coastal city in Florida, Internet connection is more reliable than a tropical island.

:)
 
Quote from 4DTrader:

Internet connection is more reliable than a tropical island.

:)
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Oh I don't know, tropical islands are pretty reliable most of the time:cool:
 
What is going on Neke? Every week I check back to see big numbers from you.
Go back to basic to get your mojo back.

I know you can do it.

Goodluck,
 
Neke,

I think your day job doesn't mix with this "fading" style trading, especially against those that do this full time. Why not swing trade a small part of the account? Even in this market there are some sector trends out there. Or design a system that trades supports and resistance levels?

Next week a new week..
 
Weekly Update for week 11 ended 03/28/2008

A positive week, up 8K (8%).

Racked up some gains in my automated strategies, coupled with a net positive on my discretionary trades. No stand-out trade, but determined to play with consistency and according to the plan.

With one trading day left to round up the first quarter, it is appalling that I am just barely positive (+5K). The bigger winner has been my broker (up 8K on commissions). Glad though some good foundation has been laid for a solid Q2, as I have determined rules to cut down on non-profitable strategies which have been a drag on my performance.

Code: 
Balance B/F:                   	    	 99,679
Net gain for the week 		          7,961
------------------------------------------------
Balance C/F:                   		107,640
Number of Trades	            	 18
Number of Profitable Trades    	    	 10

Since Inception of Thread   01/13/2008 - 03/28/2008

Balance B/F:                   		102,615
Net gain (Less Margin Interest)		  5,025
------------------------------------------------
Balance C/F:                   		107,640  (Up 4.9%)
Number of Trades	           	214
Number of Profitable Trades        	123

Expected Balance at this time to be on track for Year-End Target : 
			       176,279

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

MA	2008-03-24-09-59-35	2008-03-24-14-50-20	500	109480		113460		3958.86		SHORT	
--------------------------------------------------------------------------
MON	2008-03-25-09-38-36	2008-03-25-10-38-16	1000	115608		113400		-2229.2		LONG
 

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Quote from Daal:

what was the idea behind shorting MA?stock seemed a bit strong that day
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In some of these names, I do sometimes short when I think the move in the short-term is extreme, in anticipation of a reversal.
 
Quote from neke:

Weekly Update for week 11 ended 03/28/2008

A positive week, up 8K (8%).

Racked up some gains in my automated strategies, coupled with a net positive on my discretionary trades. No stand-out trade, but determined to play with consistency and according to the plan.

With one trading day left to round up the first quarter, it is appalling that I am just barely positive (+5K). The bigger winner has been my broker (up 8K on commissions). Glad though some good foundation has been laid for a solid Q2, as I have determined rules to cut down on non-profitable strategies which have been a drag on my performance.
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Thanks for posting neke. I don't know where you are in your trading journey ...

Last year you rode the market like a wild bronco, making spectacular moves in one moment only to get tossed over the rail the next.

Now you're like a man who is learning how to trade again. Taking everything step-by-step in a slow, methodical fashion.

... but it's interesting to watch and see how your growth as a trader continues.

Good trading.
 
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