Taking 320K to 3.5million by Year End 2009

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Quote from jr07:

I agree with everything you say NoDoji, but to me someone who goes long a stock that's been upgraded or short one that has been downgraded is a gambler, that is not a trading system

If it were that simple, anyone could simply subscribe to briefing.com's morning update, receive in the email the upgrades and downgrades, go long the upgrades, go short the downgrades, and retire early rich.

Analyst upgrades and downgrades are not trading signals, it's the public's reaction to those reviews which generates a trading signal through the tape. And that is what I was looking for, I was curious to understanding better Neke's system for deciding to go long or short X or Y stock.

If it's simply based on analyst upgrades and downgrades, without further considerations, he's just been lucky! And I hope his luck doesn't run out

I wouldn't be idolising neke so much like most people on this thread do, I don't see what the skill is behind going long upgraded stocks or short downgraded stocks.

J
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And what makes you think I buy every stock that is upgraded? As for the detailed reasoning, I did not disclose and will not disclose. Start your own journal and tell us what your "strategy is" and we shall judge you by your performance, trading public's reaction.

And unless you tell me your win rate is 100%, every trade is a bet.
 
Quote from neke:

I did not disclose and will not disclose.


Fair enough!
This was my original question, no need to get upset, sorry I ruffled some feathers.
All I wanted to know is how you chose your trades, if you don't want to disclose that's fine.
Sorry I asked.

By the way, a trade without a plan behind it is indeed a bet, but a trade with a plan isn't a bet. It's a trade. I'm sorry you can't see this subtle difference.

Good luck!
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This is really interesting Neke, I wish more people would post this stuff up on ET. I've decided I'm definitely going to so people can see how good I'm doing when I get the money to trade properly.
 
Quote from neke:

Need to go back to 2004 and earlier for a size that small. But yes, I once traded that size. I remember when I ran my account below 2K. Could no more use margin on Ameritrade, so could not short, was not cost-effective to trade stocks (given the $20 round-trip commission) and I had to wait for some option set-ups. Of course could only do 3 day-trades a week, trying to avoid the day-trader designation. (When I eventually ran foul, opened an IB account for a while and served the 3-month ban :) )
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Neke...I would imagine you did take the below 2k to the 320k that this journal started with...correct?...where did you get this 320k to trade with? cash in a 401k, IRA, inheritance, savings, cash from other business, rich uncle?
 
Quote from jr07:



I wouldn't be idolising neke so much like most people on this thread do,

J
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If you know what trading is, you will idolize neke and a few other traders on ET.
 
Quote from increasenow:

Neke...I would imagine you did take the below 2k to the 320k that this journal started with...correct?...where did you get this 320k to trade with? cash in a 401k, IRA, inheritance, savings, cash from other business, rich uncle?
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Oh, the coup de grat. He probably worked for it. I doubt he took 2k to 320k.
 
Quote from jr07:


By the way, a trade without a plan behind it is indeed a bet, but a trade with a plan isn't a bet. It's a trade. I'm sorry you can't see this subtle difference.

Good luck! [/B]
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would you like to clarify this a bit more, I am confused. Thanks.

TT
 
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