Taking 103K to 1.2million by Year End 2008
- Thread starter neke
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Hey Neke,
Congrats on a great year! One question before we start the poll on the target for next year...
What ever happened to the automated strategies? It seems a while back you were very focused on automating your idea's and finding patterns in your trades. I understand that most patterns went out the window in 2008 but do you plan on investing more of your time into auto trading or have you trained your eye for the setups you were looking at and will you continue to judge every trade?
My guess is 4.2 million as next year's target.
Best wishes and enjoy the holidays!
FGBS
Congrats on a great year! One question before we start the poll on the target for next year...
What ever happened to the automated strategies? It seems a while back you were very focused on automating your idea's and finding patterns in your trades. I understand that most patterns went out the window in 2008 but do you plan on investing more of your time into auto trading or have you trained your eye for the setups you were looking at and will you continue to judge every trade?
My guess is 4.2 million as next year's target.
Best wishes and enjoy the holidays!
FGBS
Just started reading this thread from the begining this morning but I got excitied around page 50 and jumped to the last month. Did Neke ever get into what his day job actually is? If you can create returns like this and you love what you are doing in your day job, that sounds like a pretty good life.
The automated stuff just weren't delivering as much as expected (pretty hard to replace me with a machine!), so had to stop them. Could have been wrecked with the extreme volatility in September/October: so in hindsight, it was the right thing to do. As long as I do not fall to rule violations and lose a bunch, I shall keep off from a rush to blanket automation.
Hmm. Next year, we shall see when we get there.
Merry Xmas
Quote from Appleseed:
congratx Neke I feel your confidence growing. Are you ready to quit your day job
Merry christmass and happy holiday
cheers
john
Quitting the day job? I am still planning! OK I know I said somewhere I wouldn't go full-time unless I have a trading balance of $500K. In a week or so I shall mop up 170K for tax and others, leaving say 350K to begin the new year. Hopefully I can bring it back to 500K in short order. Then we go from there. Still wondering though what I shall put in my resume! May be set up a computer consulting front-end that just breaks even (and doesn't absorb much of my time), while making my income from trading in the back-ground.
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