At this point, neke SHOULD cease posting. Otherwise these idiots who have nothing better to do than to lecture how neke should or should not trade will never stop. I've done more than my share of telling these assholes to lay off neke and let him trade the way he sees fit. But no, not these self-righteous born-again morons.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Taking 320K to 3.5million by Year End 2009
- Thread starter neke
- Start date
- Status
- Not open for further replies.
Quote from saliva:
At this point, neke SHOULD cease posting. Otherwise these idiots who have nothing better to do than to lecture how neke should or should not trade will never stop. I've done more than my share of telling these assholes to lay off neke and let him trade the way he sees fit. But no, not these self-righteous born-again morons.
What does it matter to you? This is a public forum. Experienced traders have given him good advice; if you want to find it, you can go back and read the thread. Neke hasn't produced the automation required to remove his emotions and trade better. It appears he's made some attempt at it, but has overridden most of the signals.
At least the results he's posting do not appear fake like other journals on this site, though still unverified by a third party.
Quote from BarbaraM:
Some bunch of guys! Warren Buffett could come on to this forum and he would be insulted as some wanna be moron! We really have the cream of the crop here. Elite trader? Time to rename this forum, perhaps to the Don Rickles Traders Lounge, seems more appropriate.
B
Exactly, because if you read about Buffett, all he does is beat the S&P by 1100 basis points annually. I've beaten over the last two and a half years by about 10,000 basis points net, which is to say 100% difference between the S&P and this.
By that metric, Neke started in 2008, and has beaten comparably to the S&P, but has lost 35+% this year.
Being down in a down year is acceptable to most sophisticated investors, but being off by almost 40% at a flat year for the S&P really is inexcusable. We have a lot of unsophisticated traders on this site that haven't grasped the benchmark approach. Just set it to the S&P, beat by 2000 basis points annually and you'll get rich.
And it's simple when you have systems that offer higher risk adjusted returns than the market.
Neke's journal is going to end up the same way that Pennytrader's journal did some years ago...you guys remember him?.. ( http://www.elitetrader.com/vb/showthread.php?s=&threadid=92131&perpage=6&pagenumber=85 ) I'm sure some of you do, because the same douche bags that destroyed his journal, and led him to leave ET are the same ones that are on this journal as well.
In the mean time the mods do nothing. Keeping good traders here obviously isnt an interest of theirs.
cm out.
In the mean time the mods do nothing. Keeping good traders here obviously isnt an interest of theirs.
cm out.
And what the fuck does it matter to you whether neke loses his money or not. This isn't your fucking thread so get the fuck out for once. We're sick and tired of hearing your "Oh I'm such a great trader" shit, especially at the expense of neke.Quote from bwolinsky:
What does it matter to you? This is a public forum. Experienced traders have given him good advice; if you want to find it, you can go back and read the thread. Neke hasn't produced the automation required to remove his emotions and trade better. It appears he's made some attempt at it, but has overridden most of the signals.
At least the results he's posting do not appear fake like other journals on this site, though still unverified by a third party.
Enough from me on this thread!
Quote from cashmoney69:
Neke's journal is going to end up the same way that Pennytrader's journal did some years ago...you guys remember him?..
In the mean time the mods do nothing. Keeping good traders here obviously isnt an interest of theirs.
cm out.
Well, his "blog" that he redirected to only lasted a month, so...
But I don't think it is the mods so much as ET refuses to even have a basic screening process that forces people to be non-anonymous, such as a paypal or worldpay account, and charge each person 1 cent. You can get 50 ET aliases by rotating your IP constantly, but you cannot get 50 paypal addresses.
Or requiring a NON-free email address as some services do. You can get an endless number of hotmail accounts, but you cannot get an endless number of comcast or Qwest accounts...
Get rid of a jerk, and they just hop on a new alias. cold/c-kid/jasonn/ must be up to at least 40-50 by now. The mods cannot keep up with them. They need to be prevented in the first place.
And people who are spammers, should be permanently banned. In addition, arguing is fine. But abuse or unrelated posts are not. There is also a handful of people who have a "zionism bad " agenda. There are people who never contribute, but just talk without adding to the collective knowledge. There are several (peilthetraveler and crgarcia, etc.) who started an endless number of mindless threads with shock titles.
But it is true, some good traders are driven out.
Quote from saliva:
And what the fuck does it matter to you whether neke loses his money or not. This isn't your fucking thread so get the fuck out for once. We're sick and tired of hearing your "Oh I'm such a great trader" shit, especially at the expense of neke.
Enough from me on this thread!
I think it's just you, and all the other newbie traders that can't discern valid advice from invalid advice. I'm not the only one that's given him constructive criticism. Whether he wants to use the advice, especially in the areas of automation is up to him, and the more experienced knowledgeable people will continue to give him the same advice. Remove the emotion, like averaging down, and stay away from securities you have no edge in, like the spy and spy derivatives that have decimated his account. Do not trade in those until you have an edge. That may put his trading on hold for some time, but once you get the edge, there's nothing stopping you from using it for years. What have I said that's not constructive? I haven't personally attacked Neke, and kept it professional when questioned about my credentials, which seems to happen every time I say something to Neke. Every time I give him advice I get anger from the peanut gallery that doesn't appear to do anything but cheer him on, when he needs a reality check before he goes to net negative.
Quote from cashmoney69:
Neke's journal is going to end up the same way that Pennytrader's journal did some years ago...you guys remember him?.. ( http://www.elitetrader.com/vb/showthread.php?s=&threadid=92131&perpage=6&pagenumber=85 ) I'm sure some of you do, because the same douche bags that destroyed his journal, and led him to leave ET are the same ones that are on this journal as well.
In the mean time the mods do nothing. Keeping good traders here obviously isnt an interest of theirs.
cm out.
That was probably one of the worst threads you could have picked. That scheme is called "Pump and Dump."
- Status
- Not open for further replies.