Taking 103K to 1.2million by Year End 2008

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Quote from neke:

Just cursing my stars for not carrying more of my call options over the week-end
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What a pathetic market. I have myself to blame for not closing out at the silly opening gap. Anyone should have seen that taking over a company and rendering shares worthless does not bode well for equity holders of other distressed companies.
 
Quote from neke:

I have myself to blame for not closing out at the silly opening gap. Anyone should have seen ...
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Hi Neke,

Man, take it easy on yourself, half of us are in your situation and the other half don't know what hit them (except of course all those who always get it right :eek: )

No one could KNOW what was coming, even though I'm sure everybody had a theory.

For instance, I'm yet to figure out how in the world can the USD be going up and up when the Treasury has basically accepted tacitly yet publicly that the USA are broke (no offense). But, hey, I'm sure the explanations are coming - after the fact of course.

So don't beat yourself up, right now is truly hard to predict what the market will do beyond the next tick. And yes, today was the day to double our accounts (or to go bust, so...)

Best trading, I'm sure you're going to get back and beyond,

Jorge
 
Quote from neke:

What a pathetic market. I have myself to blame for not closing out at the silly opening gap. Anyone should have seen that taking over a company and rendering shares worthless does not bode well for equity holders of other distressed companies.
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Oh Neke.. I was quite long SKF at 114.8 15 minutes to close Friday (broke a couple of rules)... I managed to hang on ang sell 105's but I did not have the guts to buy 96's in premarket today.. At least I didn't panic out early..

These feelings we have are plain pointless and are an energy drain.... when will we ever be at peace..
 
Weekly Update for week 35 ended 09/13/2008

Silly week, down 20K (13%). Overtraded and lost heavily. Lost on FSLR option carried forward from last week. Lost 8K also, shorting LEH pre-market on Wednesday.

Couldn't sit out the bounce before the eventual decline. Not good.

Code: 
Opening Balance:               	    	154,848
Net gain for the week 		        -20,103  
------------------------------------------------
Net Balance:                   		134,745
Number of Trades	            	 30
Number of Profitable Trades    	    	 13

Since Inception of Thread   01/13/2008 - 09/13/2008

Opening Balance:                   	102,615
Net gain (Less Margin Interest)		 42,130
------------------------------------------------
Balance Before Withdrawal:            	144,745  (Up 41%)
Cash Withdrawal				-10,000
------------------------------------------------
Net Balance				134,745

Number of Trades	           	837
Number of Profitable Trades        	486
 
Don't be too hard on yourself.

You'r up 40%+ for the year.

You've most likely outperformed 90% of the hedge funds out there.

Keep it up.. make mental notes of your mistakes.... I am sure you'll make a killing once the whipsaws in the markets cool down a bit!


Keep it up!
 
Quote from GermanTrader:

Which pairs work best for you? I am happy with futures, but my eyes are always open for something better...
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the three majors: usd/jpy, eur/usd, and gbp/usd.
 
Quote from neke:

Having said that, and like I mentioned in the post, my exposure seems a little above what I expected, and will work on the rules to adjust, but no it is not a gamble! [/B]
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Oh yes it is!
 
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