Taking 103K to 1.2million by Year End 2008
- Thread starter neke
- Start date
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Weekly Update for week 38 ended 10/04/2008
Another solid week, up 38K (21%).
Delighted to have another great week. The market has definitely been throwing up some great opportunities. The best trade was MOS: shorted 2000 shares at 55 in after hours after their disappointing earnings. Covered the following morning at 48.7, netting 12K. That happened to be way too early. The stock closed the day less than 40. Nearly 18K left on the plate. What a pain! It is amazing to see how these former momentum darlings implode without bottom when it goes bad.
On another note, really happy to hit a new cummulative equity peak. The last peak was set in Nov 2007 (week 38 of the second graph, and of last year's thread). Since then I went on a massive drawdown. I hope time between peaks never get as long as that ever again.
Another solid week, up 38K (21%).
Delighted to have another great week. The market has definitely been throwing up some great opportunities. The best trade was MOS: shorted 2000 shares at 55 in after hours after their disappointing earnings. Covered the following morning at 48.7, netting 12K. That happened to be way too early. The stock closed the day less than 40. Nearly 18K left on the plate. What a pain! It is amazing to see how these former momentum darlings implode without bottom when it goes bad.
On another note, really happy to hit a new cummulative equity peak. The last peak was set in Nov 2007 (week 38 of the second graph, and of last year's thread). Since then I went on a massive drawdown. I hope time between peaks never get as long as that ever again.
Code:
Opening Balance: 178,254
Net gain for the week 37,568
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Net Balance: 215,822
Number of Trades 24
Number of Profitable Trades 14
Since Inception of Thread 01/13/2008 - 10/04/2008
Opening Balance: 102,615
Net gain (Less Margin Interest) 123,207
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Balance Before Withdrawal: 225,822 (Up 120%)
Cash Withdrawal -10,000
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Net Balance 215,822
Number of Trades 902
Number of Profitable Trades 528
Top/Bottom Discretionary Trades for the week
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
MOS 2008-10-01-18-03-52 2008-10-02-09-36-32 2000 97532 110097 12544 SHORT
METVJ 2008-10-01-09-46-38 2008-10-01-10-12-58 5000 19900 31000 11005 MET PUT
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PYPVT 2008-10-02-11-13-26 2008-10-02-12-35-16 4000 42400 35200 -7290 POT PUT
You do not need to disclose your edge, others can piggy back your trades....
Neke,
Good job !
What's the average holding time of your trades ?
Good job !
What's the average holding time of your trades ?
great job, neke.
i've been doing well these past few weeks. i have to keep reminding myself that i'm no genius and that it's just been an easy market to trade in.
all i've done the past 2 weeks is buy puts and many times sell in the same day. same as you, i don't necessarily maximize the profits. bought oct08 aapl 95 puts today before the bailout vote and sold after the vote for $800 profits but left $1600 in profits if i held until 5 min of market close.
got in on amzn puts and made another $200 which helped ease some of the pain
nowhere near what you're making, but as what others have said, you provide an inspiration on what's possible
a few months ago, i was on a losing streak that coincided with yours...
Best of luck to you, and continued success!
i've been doing well these past few weeks. i have to keep reminding myself that i'm no genius and that it's just been an easy market to trade in.
all i've done the past 2 weeks is buy puts and many times sell in the same day. same as you, i don't necessarily maximize the profits. bought oct08 aapl 95 puts today before the bailout vote and sold after the vote for $800 profits but left $1600 in profits if i held until 5 min of market close.
got in on amzn puts and made another $200 which helped ease some of the pain
nowhere near what you're making, but as what others have said, you provide an inspiration on what's possible
a few months ago, i was on a losing streak that coincided with yours...
Best of luck to you, and continued success!
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