Of course not. I was fully waiting to see what would happen today before I'd get in. The entire market was crap today, so I'll hold off on my personal verdict, but I think its even easier now to get a doubler starting from these prices. I'll be waking up early to see what pre-market brings.
Taking 103K to 1.2million by Year End 2008
- Thread starter neke
- Start date
- Status
I love this site. hahahahaha
Weekly Update for week 47 ended 12/05/2008
Good week, up 42K (11%). Plenty of action, pleased it all turned out OK.
On Monday, went contrarian soon after the market opened down, lost 13K, and turned round by 10:10am and hit the SPY with 200 put contracts (szcxg), realising 26K. Ended the day up 15K.
Tuesday was a day that will live in infamy. Whipsawed all day for a total loss of 49K (Shorted 10000 SPY @ 82.52 covered at 84.15, immediately went long 10000 SPY @ 84.36 sold at 83.00. Shorted 10000 @ 83.60, covered at 84.95 for another 14K loss). Left in bewilderment as the market rallied to the end.
Handled the volatility on Wed much better, getting in on the right note, together with catching the big bounce in RIMM shares, basically recouping almost all of Tue loss.
Thursday was riding the strength in the market, and was up 20K for the day before the final hour swoop, loosing all that and 7K more.
Finally came Friday, and made my week with two SPY longs.
With this kind of volatility, extreme caution is called for next week.
Good week, up 42K (11%). Plenty of action, pleased it all turned out OK.
On Monday, went contrarian soon after the market opened down, lost 13K, and turned round by 10:10am and hit the SPY with 200 put contracts (szcxg), realising 26K. Ended the day up 15K.
Tuesday was a day that will live in infamy. Whipsawed all day for a total loss of 49K (Shorted 10000 SPY @ 82.52 covered at 84.15, immediately went long 10000 SPY @ 84.36 sold at 83.00. Shorted 10000 @ 83.60, covered at 84.95 for another 14K loss). Left in bewilderment as the market rallied to the end.
Handled the volatility on Wed much better, getting in on the right note, together with catching the big bounce in RIMM shares, basically recouping almost all of Tue loss.
Thursday was riding the strength in the market, and was up 20K for the day before the final hour swoop, loosing all that and 7K more.
Finally came Friday, and made my week with two SPY longs.
With this kind of volatility, extreme caution is called for next week.
Code:
Opening Balance: 390,015
Net gain for the week 42,412
------------------------------------------------
Net Balance: 432,427
Number of Trades 25
Number of Profitable Trades 15
Since Inception of Thread 01/13/2008 - 12/05/2008
Opening Balance: 102,615
Net gain (Less Margin Interest) 354,812
------------------------------------------------
Balance Before Withdrawal: 457,427 (Up 346%)
Cash Withdrawal -25,000
------------------------------------------------
Net Balance 432,427
Number of Trades 1114
Number of Profitable Trades 658
Top/Bottom Discretionary Trades for the week
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
SZCXG 2008-12-01-10-12-48 2008-12-01-15-31-04 20000 90000 116000 25839 SPY PUT
SPY 2008-12-05-14-21-26 2008-12-05-14-49-24 10000 849166 869900 20719 LONG
SNPS 2008-12-04-09-30-15 2008-12-04-16-24-00 30000 505584 523673 18007 LONG
SPY 2008-12-05-15-27-09 2008-12-05-15-58-38 15000 1310305 1325512 15200 LONG
-------------------------------------------------------------------------------------------
SPY 2008-12-01-09-39-54 2008-12-01-10-08-27 10000 872800 860000 -12825 LONG
SPY 2008-12-02-12-07-14 2008-12-02-14-09-09 10000 843588 830141 -13481 LONG
SPY 2008-12-02-09-48-09 2008-12-02-12-07-14 10000 841559 825270 -16333 SHORT
SPY 2008-12-04-12-16-16 2008-12-04-16-24-32 15000 1291133 1261500 -29690 LONGIn the next Market wizards, Neke needs his own chapter. awesome trading man...lose 40k, and was still able to get over your emotions and come out on top.
awesome trading man...lose 40k, and was still able to get over your emotions and come out on top.Quote from neke:
Weekly Update for week 47 ended 12/05/2008
Good week, up 42K (11%). Plenty of action, pleased it all turned out OK.
On Monday, went contrarian soon after the market opened down, lost 13K, and turned round by 10:10am and hit the SPY with 200 put contracts (szcxg), realising 26K. Ended the day up 15K.
Tuesday was a day that will live in infamy. Whipsawed all day for a total loss of 49K (Shorted 10000 SPY @ 82.52 covered at 84.15, immediately went long 10000 SPY @ 84.36 sold at 83.00. Shorted 10000 @ 83.60, covered at 84.95 for another 14K loss). Left in bewilderment as the market rallied to the end.
Handled the volatility on Wed much better, getting in on the right note, together with catching the big bounce in RIMM shares, basically recouping almost all of Tue loss.
Thursday was riding the strength in the market, and was up 20K for the day before the final hour swoop, loosing all that and 7K more.
Finally came Friday, and made my week with two SPY longs.
With this kind of volatility, extreme caution is called for next week.
Code:Opening Balance: 390,015 Net gain for the week 42,412 ------------------------------------------------ Net Balance: 432,427 Number of Trades 25 Number of Profitable Trades 15 Since Inception of Thread 01/13/2008 - 12/05/2008 Opening Balance: 102,615 Net gain (Less Margin Interest) 354,812 ------------------------------------------------ Balance Before Withdrawal: 457,427 (Up 346%) Cash Withdrawal -25,000 ------------------------------------------------ Net Balance 432,427 Number of Trades 1114 Number of Profitable Trades 658 Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE SZCXG 2008-12-01-10-12-48 2008-12-01-15-31-04 20000 90000 116000 25839 SPY PUT SPY 2008-12-05-14-21-26 2008-12-05-14-49-24 10000 849166 869900 20719 LONG SNPS 2008-12-04-09-30-15 2008-12-04-16-24-00 30000 505584 523673 18007 LONG SPY 2008-12-05-15-27-09 2008-12-05-15-58-38 15000 1310305 1325512 15200 LONG ------------------------------------------------------------------------------------------- SPY 2008-12-01-09-39-54 2008-12-01-10-08-27 10000 872800 860000 -12825 LONG SPY 2008-12-02-12-07-14 2008-12-02-14-09-09 10000 843588 830141 -13481 LONG SPY 2008-12-02-09-48-09 2008-12-02-12-07-14 10000 841559 825270 -16333 SHORT SPY 2008-12-04-12-16-16 2008-12-04-16-24-32 15000 1291133 1261500 -29690 LONG
I don't see a record of that RIMM trade..
Quote from short&naked:
I don't see a record of that RIMM trade..
Here are all the trades for Wed (6/6), RIMM being two of them. None made it to the top/bottom trades list:
Code:
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
SPY 2008-12-03-15-45-54 2008-12-03-15-55-21 10000 867764 876300 8511 LONG
SPY 2008-12-03-13-33-09 2008-12-03-14-27-08 10000 846400 857384 10949 LONG
RIMM 2008-12-03-13-30-20 2008-12-03-14-27-29 10000 368538 378493 9923 LONG
SPY 2008-12-03-11-20-01 2008-12-03-12-51-33 5000 429500 433000 3478 SHORT
SPY 2008-12-03-10-13-06 2008-12-03-10-35-01 5000 419737 424851 5092 LONG
RIMM 2008-12-03-09-34-45 2008-12-03-10-34-43 10000 358286 368833 10516 LONGGood stuff Neke, just a quick question about your volatility. How does it affect you mentally now that you have had quite a few of these big swing days?
Do you go home on the good days feeling like the BSD and looking at the floor tiles on the bad days or can you block it out well from your personal life?
Best of luck and still massively enjoying reading your views and trades.
Do you go home on the good days feeling like the BSD and looking at the floor tiles on the bad days or can you block it out well from your personal life?
Best of luck and still massively enjoying reading your views and trades.
- Status