Taking 103K to 1.2million by Year End 2008

[NoDoji]

Awesome gain, Neke! I think you can meet (maybe exceed) your target this year, especially with all the ridiculous prices the hedge fund liquidations have brought about. Any hint of good news (or even a lack of dire news) and those beaten up stocks will bounce hard!

One question, though: Your strategy is never to risk more than 10% of your account on a trade. Your loss on the ISRG trade was more than twice that amount before you closed it? Did the theta basically kill the trade in a matter of minutes?

 

[crgarcia]

End of week account stattements are worthless.

Good photoshop skills overcome real profitability.

Only real trades, posted no more than 5 minutes, are accepted as real.

 

[neke]

Quote from crgarcia:

End of week account stattements are worthless.

Good photoshop skills overcome real profitability.

Only real trades, posted no more than 5 minutes, are accepted as real.

Miserable wretch. If that is all you can conclude after watching for 2 years, you probably have the brains of a cat.

 

[karol88]

Quote from neke:

Weekly Update for week 40 ended 10/18/2008

Opening Balance: 267,475
Net gain for the week 138,753
-

damn, you just killed my confidence! I thought my 50% over the last 3 months or so was something to be proud of in this market (and I trade a bit smaller account than yours and don't use crappy ameritrade ) wow, well done...really, really impressive....now I don't feel like trading anymore...
are you celebrating? damn, I would!!!

 

[sophiekay]

Neke, are you trading full time now?

 

[neke]

Quote from sophiekay:

Neke, are you trading full time now?

No, not yet. Will consider that if these sweet results continue.

 

[sophiekay]

Dude, its time. From experience, I will tell you, your results will only get better when you are full time.

Quote from neke:

No, not yet. Will consider that if these sweet results continue.

 

[Port1385]

I dont believe Neke is posting this journal to brag. The point that the journal is real or fake is moot. There are valuable lessons to be learned from this journal.

Quote from crgarcia:

End of week account stattements are worthless.

Good photoshop skills overcome real profitability.

Only real trades, posted no more than 5 minutes, are accepted as real.

 

[GRECHA]

Hi Neke,

Been following your progress. Really Awesome and inspiring.

 

[Compulsive]

Quote from neke:

Miserable wretch. If that is all you can conclude after watching for 2 years, you probably have the brains of a cat.

Congratulations, however the question still remains....for 6,7, 8 or so months you were struggling and there was volatility and now the market is NOT normal. So the question is will you be able to trade successfully when the market is only moving 100 points every 3-5 days instead of every 3-5 minutes.....

There are "traders" who succeed when the market is in high swing and when it slows down..they are out and getting KILLED, RUN OVER....almost like those Realtors and Mortgage Brokers selling, where are they now?....broke, working for $10 hour.

Again, I really mean this, success to you because only time will tell if you really can succeed when the market gets back to it's normal cycle and to all those traders who are just getting in and seeing huge swings and their accounts growing rapidly....