Taking 320K to 3.5million by Year End 2009

pneuma · Apr 27, 2009

Quote from eagle:

I hope this is my first and last post to pollute this one of the most supported thread aiming to achieve outstanding performance.

Mr. Bwolinsky has been continuing to deny the fact that trading is all about psychology and a system without psychology get involved is inconclusive (worthless). The only way to get psychology involved is to trade with real hard-earned money. For some people who autotrade with real money, please don't get me wrong, your psychology is getting involved despite you say that you use 100% automate program. One thing I'm sure is that you will find way to interfere your system several times in the day depending on your stress level.

He's a member of a number of forums around the place. You will soon learn that his ego is bigger than King Kong and from his perspective everyone is a fool. There is no point trying discussing anything with him because you will always be wrong and inferior to his omnipotence. Good luck to him making some $ out of C2, i'll stick to taking $$$ out of the market.

Neke, keep up the good work mate - keep it REAL.

pneuma

monee · Apr 28, 2009

Is it too much to ask to leave Nekes's thread alone ?

Let's keep this thread for Neke and comments about his trading.

lowhangingfruit · May 1, 2009

Agreed.

neke · May 1, 2009

05/02/2009
Weekly Update for week 16/50 ended 05/02/2009

Awful, awful week, down 43K (13.8%). Thought I bottomed two weeks ago. Now it gets uglier.

What began as a good week on Monday, with a +20K gain, got progressively worse as the days went by, reaching a climax on Thursday with two PUT options on FSLR after their earnings ( a veiled attempt at averaging down) ending disastrously. This is depressing. Need to get the market off me for some days, and hopefully have better clarity.

Code:

Opening Balance:               	    	308.174
Net gain for the week 		        -42,517
------------------------------------------------
Net Balance:                   		265,657

Number of Trades	            	 33
Number of Profitable Trades    	    	 17


Since Inception of Thread   01/10/2009 - 05/02/2009

Opening Balance:                   	320,064
Net gain (Less Margin Interest)		-54,407	(Down 17%)
------------------------------------------------
Net Balance				265,657

Number of Trades	           	400
Number of Profitable Trades        	249

Top/Bottom Discretionary Trades for the week


TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAIN/LOSS	TYPE
	
WHR	2009-04-27-11-29-38	2009-04-27-12-17-34	10000	476888		487628		10707		SHORT
------------------------------------------------------------
SZCEJ	2009-04-29-14-33-46	2009-04-29-15-32-31	20000	51600		42800		-9122		SPY CALL
HJQQQ	2009-04-30-10-34-47	2009-04-30-11-53-26	10000	97000		84000		-13166		FSLR PUT
HJQQN	2009-04-30-09-30-29	2009-04-30-11-45-15	15000	80000		57500		-22762		FSLR PUT

bwolinsky · May 1, 2009

Code:
Quote from neke:

05/02/2009
Weekly Update for week 16/50 ended 05/02/2009

Awful, awful week, down 43K (13.8%). Thought I bottomed two weeks ago. Now it gets uglier.

What began as a good week on Monday, with a +20K gain, got progressively worse as the days went by, reaching a climax on Thursday with two PUT options on FSLR after their earnings ( a veiled attempt at averaging down) ending disastrously. This is depressing. Need to get the market off me for some days, and hopefully have better clarity.

Code:

Opening Balance: 308.174 Net gain for the week -42,517 ------------------------------------------------ Net Balance: 265,657 Number of Trades 33 Number of Profitable Trades 17 Since Inception of Thread 01/10/2009 - 05/02/2009 Opening Balance: 320,064 Net gain (Less Margin Interest) -54,407 (Down 17%) ------------------------------------------------ Net Balance 265,657 Number of Trades 400 Number of Profitable Trades 249 Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE WHR 2009-04-27-11-29-38 2009-04-27-12-17-34 10000 476888 487628 10707 SHORT ------------------------------------------------------------ SZCEJ 2009-04-29-14-33-46 2009-04-29-15-32-31 20000 51600 42800 -9122 SPY CALL HJQQQ 2009-04-30-10-34-47 2009-04-30-11-53-26 10000 97000 84000 -13166 FSLR PUT HJQQN 2009-04-30-09-30-29 2009-04-30-11-45-15 15000 80000 57500 -22762 FSLR PUT

I'll take these at face value then.

Neke, take fewer trades. Try to focus more on making larger profits. That doesn't mean your win percentage takes priority. If you can eliminate a few losses and make larger gains, this will do a lot better for you.

-17% is mostly due to this last week, and lags the S&P by 10%. I think you're a much better trader at SPY.

bwolinsky · May 1, 2009

Quote from eagle:

I hope this is my first and last post to pollute this one of the most supported thread aiming to achieve outstanding performance.

Mr. Bwolinsky has been continuing to deny the fact that trading is all about psychology and a system without psychology get involved is inconclusive (worthless). The only way to get psychology involved is to trade with real hard-earned money. For some people who autotrade with real money, please don't get me wrong, your psychology is getting involved despite you say that you use 100% automate program. One thing I'm sure is that you will find way to interfere your system several times in the day depending on your stress level.

Mechanical and quantitative trading is part of my psychology. That's how I eliminate guesswork, as Mike put forth.

TMcKenna · May 2, 2009

Hello Neke,

This is first time i post my comment here..
I can't understand your choice of stocks (options) you trade...
Why don't you take something more certain than some shit banks or overvalued solar stocks?

If you employed your capital to play.. let's say Msft you would make killing with the size of your account... why do you need this risky stocks?

You are playing the market the way I did it 15 years ago.... like an amateur ... no disrespect here

Try this .... buy Msft calls and average down forever... when they start going up you can bank $10.000 with every tick up..
think about it...
Take dow or s&p best companies and play those....

bwolinsky · May 2, 2009

Quote from TMcKenna:

Hello Neke,

This is first time i post my comment here..
I can't understand your choice of stocks (options) you trade...
Why don't you take something more certain than some shit banks or overvalued solar stocks?

If you employed your capital to play.. let's say Msft you would make killing with the size of your account... why do you need this risky stocks?

You are playing the market the way I did it 15 years ago.... like an amateur ... no disrespect here

Try this .... buy Msft calls and average down forever... when they start going up you can bank $10.000 with every tick up..
think about it...
Take dow or s&p best companies and play those....

This is good advice. Trading large cap companies or any company from indexes like the S&P500 and the NASDAQ100 are already quasi-approved securities that everyone is able to trade.
I don't know how much research you've put into these trades, but at this point you should have figured out your not doing enough homework.

You can either do a lot of research that decreases the amount of time spent during the year trading, usually about 2 years of research, or you can put in about 5 hours sifting through news releases.

I haven't observed you playing breakout moves, either on the SPY, or any other stock. Pick a universe to trade from, and learn the ins and outs of that watchlist carefully. A lot of these trades appear random, and you've gotten random results.

Nexen · May 2, 2009

Quote from TMcKenna:

You are playing the market the way I did it 15 years ago.... like an amateur

Try this .... buy Msft calls and average down forever... when they start going up you can bank $10.000 with every tick up..
think about it...

This is a contradiction as only an amateur would average down forever.

Sorry, try again.

Nexen

TMcKenna · May 2, 2009

Quote from Nexen:

This is a contradiction as only an amateur would average down forever.

Sorry, try again.

Nexen

Not true... Averaging down is the most powerful approach if you pick the right stock. Think about it.... just a month ago MSFT was trading at $17 now its over $20...
When you decide to average down you have to pick strong company which has been beaten down to the ground.. and then you enter your first long trade, and then average down forever (according to your account size)

MSFT is just one example, I didn't want to suggest you should buy this specific stock .... but .. there were and still there are plenty of similar stocks...where you can make killing if your account size is appropriate.
Neke trades with 300k account, my account is just above 150K, but I made killing last 3 months... I kept buying the best companies and averaged down forever.... too bad they turned up too soon because I was ready for much more... my stop loss was at DOW 3000 and s@p 400, but we never got there....