Taking 103K to 1.2million by Year End 2008

[mac]

Neke, very nice call!!!

 

[neke]

Quote from neke:

In (SPY @ 78.20). There's got to be a rebound!

Out (SPY @ 79.40). Not as much a rebound as thought

 

[lojze]

Neke,

I forgot if you ever wrote about your learning curve in trading.
Are you willing to share this with us?

 

[kxvid]

Neke, I traded some SPY puts the other day. I'm no options trader but SPY options trade so nice I want to start. I'll probably pick up some calls tomorrow I think we are in for a bounce.

 

[neke]

Weekly Update for week 45 ended 11/21/2008

Good week, up 51K (12.8%).

Got a mighty lift on Friday's rally to avoid an otherwise mediocre week. Shorted 5000 SPY @ 77.45 soon after the open, fading the early advance. Covered @ 76.18 for a gain of 6.2K. Came back in the afternoon, seeing the market see-sawing aimlessly - scalped another 5000 shares ( short @ 75.6, covered @ 75.4, making 1K). Thought I could scalp a little more, shorting 5000 @ 76.1 (3:03pm). Ooops, that was a mistake. Watched the market take off. Covered @ 77.7, losing 8K (Just why I hate scalping for pennies. It is like standing by the rail-line trying to grab coins dropping from the coaches.) Turned round, and bought 10000 shares @ 78, added another 6000 shares on a pull-back to 77.70 and closed soon after close @ 80.14, pocketing 35K. Nice way to end the week.


Looking forward to next week.

Opening Balance:               	    	397,883
Net gain for the week 		         50,865 
------------------------------------------------
Net Balance:                   		448,748
Number of Trades	            	 23
Number of Profitable Trades    	    	 16

Since Inception of Thread   01/13/2008 - 11/21/2008

Opening Balance:                   	102,615
Net gain (Less Margin Interest)		371,133
------------------------------------------------
Balance Before Withdrawal:            	473,748  (Up 362%)
Cash Withdrawal				-25,000
------------------------------------------------
Net Balance				448,748

Number of Trades	           	1067
Number of Profitable Trades        	 635


Top/Bottom Discretionary Trades for the week

TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAIN/LOSS	TYPE

SPY	2008-11-21-15-14-41	2008-11-21-16-02-00	16000	1246991		1282240		35212		LONG
SZCKF	2008-11-18-14-37-04	2008-11-18-15-09-47	40000	97400		114000		15969		SPY CALL
---------------------------------------------------------------------
SPY	2008-11-21-15-03-25	2008-11-21-15-14-10	5000	388500		380587		-7935		SHORT
QHBWT	2008-11-19-09-38-20	2008-11-19-11-04-19	15000	67500		55500		-12255		FSLR PUT

 

[kxvid]

haha I love how everybody is speechless with your results nice job neke

 

[snowhite]

Wow, only a 50k gain this week.

 

[short&naked]

Quote from kxvid:

haha I love how everybody is speechless with your results nice job neke

I'm speechless in that the chart is starting to look like the NASDAQ circa 2000. :eek: Large draw down is just around the corner.

 

[ASav]

I love how the chart triangles before going up further. Great job neke!

 

[rodmike9]

Quote from short&naked:

I'm speechless in that the chart is starting to look like the NASDAQ circa 2000. :eek: Large draw down is just around the corner.

your contributions to this board are of no value

keep up the good work neke. Your psychological approach seems to be avaluable asset to your success.

safe trading next week and good luck!