Taking 320K to 3.5million by Year End 2009

NoDoji · Jun 6, 2009

Quote from poyayan:

Neke and everyone, I think you all need to put this person on ignore list.

I never did that before until now. Quickly plucked a pesky weed from this thread. Thanks!

Neke, previously you could say you were in a "slump". But up 30K one week, down 15K the next is no longer defined as a slump; it's a natural pullback in an uptrend

short&naked · Jun 6, 2009

Quote from NoDoji:

I never did that before until now. Quickly plucked a pesky weed from this thread. Thanks!

Neke, previously you could say you were in a "slump". But up 30K one week, down 15K the next is no longer defined as a slump; it's a natural pullback in an uptrend

That's right. Keep hoping... ups there is that word again.

bwolinsky · Jun 7, 2009

Code:
Quote from neke:

Weekly Update for week 21/50 ended 06/06/2009

The slump continues. Down 15K (5.7%).

The emphasis has been taking the automated set-up alerts, with minimal size (about 20% of what I would normally take with my pure discretionary trades), and was having a flattish week - until Friday. Saw the market opening up strong on Friday, and decided to be adventurous. Bought 300 SPY calls, and witnessed as the market collapsed thereafter. Got out less than 30 minutes later, down 15K in stock and options.

Will continue my automated alert route, and make limited purely discretionary trades.

Code:

Opening Balance: 261,199 Net loss for the week -15,062 ------------------------------------------------ Net Balance: 246,137 Number of Trades 22 Number of Profitable Trades 13 Since Inception of Thread 01/10/2009 - 06/06/2009 Opening Balance: 320,064 Net loss (Less Margin Interest) -73,927 (Down 23.1%) ------------------------------------------------ Net Balance 246,137 Number of Trades 496 Number of Profitable Trades 311 Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE NKE 2009-06-05-10-01-51 2009-06-05-12-08-41 6000 351027 353764 2707 LONG ---------------------------------------------------------------------- SWGFQ 2009-06-05-09-33-21 2009-06-05-10-00-16 30000 65400 52200 -13672 SPY CALL

And another 13.6k loss in SPY means you've lost over $110,000 on SPY calls and puts. These are not your bag. Did you ever stop to think this is a contrarian indicator? If it's up, it'll be down next, more than likely. Same as if it's down, it'll be up, you chase your trades too much.

short&naked · Jun 7, 2009

More activity does not equal more profit....

neke · Jun 7, 2009

Quote from bwolinsky:

And another 13.6k loss in SPY means you've lost over $110,000 on SPY calls and puts.

Where on earth are you getting your figures from? Just to set the record right, I went back to my last year and this year trades to calculate how much made through options. For the period covered by last years thread (1/10/2008 - 12/27/2008) I made 358K in options, of which SPY calls/puts accounted for 265K (mostly in the last 4 months of the year). This year, I am down 92K in options, of which SPY calls/puts are down just 2.3K (including this week's loss). So why not ask instead of cooking up figures?

bwolinsky · Jun 7, 2009

Quote from neke:

Where on earth are you getting your figures from? Just to set the record right, I went back to my last year and this year trades to calculate how much made through options. For the period covered by last years thread (1/10/2008 - 12/27/2008) I made 358K in options, of which SPY calls/puts accounted for 265K (mostly in the last 4 months of the year). This year, I am down 92K in options, of which SPY calls/puts are down just 2.3K (including this week's loss). So why not ask instead of cooking up figures?

Well there is some rounding, since you only post your largest wins and losses. If you were to go back on this thread (as I never had interest in following the other one), you have mostly large losses in SPY puts and calls totalling more than 110k now. I'm not saying those are your actual numbers, but I think that that doesn't fit with what you're saying you only lost 2.3k, when your largest losses from specifically spy options have been substantial. While I can accept that you only post the largest winning and losing trades, I seriously doubt you're only down 2.3k in spy options. The losses you've reported in the past are substantial, and you're not doing hundreds of trades a day for teenies. Mostly your position trading intraday, so I'd have to say I don't believe you.

neke · Jun 7, 2009

Quote from bwolinsky:

Well there is some rounding, since you only post your largest wins and losses. If you were to go back on this thread (as I never had interest in following the other one), you have mostly large losses in SPY puts and calls totalling more than 110k now. I'm not saying those are your actual numbers, but I think that that doesn't fit with what you're saying you only lost 2.3k, when your largest losses from specifically spy options have been substantial. While I can accept that you only post the largest winning and losing trades, I seriously doubt you're only down 2.3k in spy options. The losses you've reported in the past are substantial, and you're not doing hundreds of trades a day for teenies. Mostly your position trading intraday, so I'd have to say I don't believe you.

I don't mind responding to reasonable request for information, but when someone decides to fabricate information to glorify unreasoning skepticism, it becomes irritating. Let me give you the benefit of the doubt. Here are the SPY calls/puts (OPTIONS) mentionned in this years thread:

Code:

SWGEM	2009-05-06-09-57-34	2009-05-06-10-52-30	20000	43400		36200		-7515		SPY CALL
SWGEM	2009-05-08-11-51-23	2009-05-08-14-41-13	20000	44600		53800		8885		SPY CALL
SWGFQ	2009-06-05-09-33-21	2009-06-05-10-00-16	30000	65400		52200		-13672		SPY CALL
SZCAD	2009-01-15-10-36-40	2009-01-15-14-02-34	10000	15400		22500		6936		SPY CALL
SZCAJ	2009-01-12-10-08-27	2009-01-12-15-42-35	35000	58138		38500		-20191		SPY CALL
SZCBD	2009-02-12-13-02-04	2009-02-12-15-01-43	40000	87000		66000		-21621		SPY CALL
SZCCU	2009-03-02-10-41-48	2009-03-03-13-33-36	40000	94000		71008		-23620		SPY CALL
SZCCZ	2009-02-20-14-43-46	2009-02-20-14-53-49	45000	153000		166500		12810		SPY MAR CALL
SZCDC	2009-03-23-14-51-56	2009-03-23-15-40-11	20000	63795		71400		7441		SPY CALL
SZCDE	2009-03-25-10-37-18	2009-03-25-12-47-16	20000	59000		51200		-8114		SPY CALL
SZCEJ	2009-04-29-14-33-46	2009-04-29-15-32-31	20000	51600		42800		-9122		SPY CALL
SZCNH	2009-02-06-12-30-45	2009-02-06-15-39-26	60000	138000		132616		-6313		SPY PUT
SZCOR	2009-03-05-10-14-11	2009-03-05-11-58-38	20000	55800		71000		14886		SPY PUT
SZCOX	2009-03-13-10-07-27	2009-03-13-11-18-23	20000	36800		47430		10316		SPY PUT
SZCPA	2009-03-30-09-45-42	2009-03-30-15-05-15	20000	59200		68000		8486		SPY PUT

The total comes to -40K not -110K like you claimed. Now show the list you used. Everyone knows I post my biggest gainers/losers. My win percentage is high (roughly 60%), but the size of my biggest losers outstrip that of the biggest gainers ( could blame that on averaging down). So why is it difficult to believe that the total loss could be 2.3K even though the total for the top gainers/lossers (let's even say equal count) could be as high as 40K?

bwolinsky · Jun 8, 2009

Code:
Quote from neke:

I don't mind responding to reasonable request for information, but when someone decides to fabricate information to glorify unreasoning skepticism, it becomes irritating. Let me give you the benefit of the doubt. Here are the SPY calls/puts (OPTIONS) mentionned in this years thread:

Code:

SWGEM 2009-05-06-09-57-34 2009-05-06-10-52-30 20000 43400 36200 -7515 SPY CALL SWGEM 2009-05-08-11-51-23 2009-05-08-14-41-13 20000 44600 53800 8885 SPY CALL SWGFQ 2009-06-05-09-33-21 2009-06-05-10-00-16 30000 65400 52200 -13672 SPY CALL SZCAD 2009-01-15-10-36-40 2009-01-15-14-02-34 10000 15400 22500 6936 SPY CALL SZCAJ 2009-01-12-10-08-27 2009-01-12-15-42-35 35000 58138 38500 -20191 SPY CALL SZCBD 2009-02-12-13-02-04 2009-02-12-15-01-43 40000 87000 66000 -21621 SPY CALL SZCCU 2009-03-02-10-41-48 2009-03-03-13-33-36 40000 94000 71008 -23620 SPY CALL SZCCZ 2009-02-20-14-43-46 2009-02-20-14-53-49 45000 153000 166500 12810 SPY MAR CALL SZCDC 2009-03-23-14-51-56 2009-03-23-15-40-11 20000 63795 71400 7441 SPY CALL SZCDE 2009-03-25-10-37-18 2009-03-25-12-47-16 20000 59000 51200 -8114 SPY CALL SZCEJ 2009-04-29-14-33-46 2009-04-29-15-32-31 20000 51600 42800 -9122 SPY CALL SZCNH 2009-02-06-12-30-45 2009-02-06-15-39-26 60000 138000 132616 -6313 SPY PUT SZCOR 2009-03-05-10-14-11 2009-03-05-11-58-38 20000 55800 71000 14886 SPY PUT SZCOX 2009-03-13-10-07-27 2009-03-13-11-18-23 20000 36800 47430 10316 SPY PUT SZCPA 2009-03-30-09-45-42 2009-03-30-15-05-15 20000 59200 68000 8486 SPY PUT

The total comes to -40K not -110K like you claimed. Now show the list you used. Everyone knows I post my biggest gainers/losers. My win percentage is high (roughly 60%), but the size of my biggest losers outstrip that of the biggest gainers ( could blame that on averaging down). So why is it difficult to believe that the total loss could be 2.3K even though the total for the top gainers/lossers (let's even say equal count) could be as high as 40K?

Looks like I was counting SPY AND SPY Calls and Puts. Must have double counted one of the -20k losses. But this is what I get in chronological order from the thread on your SPY trades:
-20191
-10030
10016
8245
-7771
8456
-6313
-21621
12810
14886
-23620
-8824
13439
10316
-12715
-23958
7441
-8114
8486
-6313
-9122
8885
-7515
-7174
-13672

Comes to almost -$84k. And that's trading SPY and Spy derivatives.

Either way, Neke, by continuing to trade those, I don't think you're being very kind to your money.

atticus · Jun 8, 2009

Quote from bwolinsky:

Looks like I was counting SPY AND SPY Calls and Puts. Most have double counted one of the -20k losses. But this is what I get in chronological order from the thread on your SPY trades:

Comes to almost -$84k.

What do you gain by [incorrectly] accounting for Neke's losses? Douchebag.

bwolinsky · Jun 8, 2009

Quote from atticus:

What do you gain by [incorrectly] accounting for Neke's losses?

Nothing, but maybe the passerby who comes across the article puts it into context. If I had to pick one thing Neke's lost on, it's SPY and its derivatives. I know it will help others put his trading into context.