Taking 320K to 3.5million by Year End 2009

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Around 450K is a large psychological barrier ( probably had a large blow up before at that level? )

par down size and control risk till you are above 500K. If you can break 500K, I'll bet good money you'll close above 700K for this year.
 
Quote from fkbsuhites:

Around 450K is a large psychological barrier ( probably had a large blow up before at that level? )

par down size and control risk till you are above 500K. If you can break 500K, I'll bet good money you'll close above 700K for this year.
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Oh Really? Please tell me more about what it's like to have an account that size oh Mr. Informed.
 
Quote from neke:

Weekly Update for week 37/50 ended 09/26/2009

Nice week, up 27.5K (7.5%). Decent win rate (13 of 19), managed to avoid some potential disasters.
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Nice trading, Neke. I like that W where previous resistance became support; new highs coming. :cool:
 
Weekly Update for week 38/50 ended 10/03/2009

Working late in the office tonight, so will post details tomorrow. But it was a nice week, up 45K (11.6%)

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Quote from GOP_trader:

Awesome job! I always told people that you must do things different to get different results from everyone else.
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What... take outrageously high risk? In the end the results will be same.
 
Quote from NoDoji:

Nice trading, Neke. I like that W where previous resistance became support; new highs coming. :cool:
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Quote from dealmaker:

Not a chance!!!
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I'm not absolutely sure (the math is tricky here), but I think that $437,000 is a new high :D :D :D

Rockin' it, Neke!
 
Weekly Update for week 38/50 ended 10/03/2009

Nice week, up 45K (11.6%). Another decent win rate (16 of 21). Glad to be at a new high.

Started bad on Monday, fading the market early strength with SPY put, thought it was a dead-cat bounce. Didn't know it would finish up 1.90 on thin volume. No surprise it trended lower the rest of the week. Interestngly, the biggest gain was from ETRM on friday. Bought a token 50000 shares @ 0.90 pre-market (just 45K exposure, or 11% of account). Sold intra-day @ 1.24, gaining 17K. Waited for the market to sell of in the early goings, did not get to my limit, so missed a good part of the bounce, but made some money on AAPL call, buying into the strength after the upgrade.

Looking forward to next week.

Code: 
Opening Balance:               	    	391,898
Net gain for the week 		         45,266
------------------------------------------------
Net Balance:                   		437,164

Number of Trades	            	 21
Number of Profitable Trades    	    	 16


Since Inception of Thread   01/10/2009 - 10/03/2009

Opening Balance:                   	320,064
Net gain (Less Margin Interest)		117,100	(Up 37%)
------------------------------------------------
Net Balance				437,164

Number of Trades	           	987
Number of Profitable Trades        	621


TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAIN/LOSS	TYPE

ETRM	2009-10-02-08-16-47	2009-10-02-10-29-50	50000	45000		62000		16985		LONG
APVJQ	2009-10-02-09-49-17	2009-10-02-14-14-33	20000	86285		97000		10439		AAPL CALL
SWGJA	2009-09-30-09-47-56	2009-09-30-12-32-46	40000	84160		94000		9290		SPY CALL
CIT	2009-09-30-09-33-25	2009-09-30-09-38-44	50000	61500		69000		7484		LONG
RIMM	2009-09-28-15-50-28	2009-09-29-13-38-30	3000	199138		204450		5293		LONG
SWGJX	2009-10-02-09-46-59	2009-10-02-14-40-46	40000	99773		104428		4097		SPY CALL
RFYJM	2009-09-28-15-40-36	2009-09-30-09-31-39	3000	11100		15240		4087		RIMM CALL
----------------------------------------------------------------------------------------
CMG	2009-09-29-10-13-09	2009-09-29-15-21-54	4000	389740		387844		-1962		LONG
SWGJZ	2009-10-01-10-07-31	2009-10-01-11-38-30	40000	86000		78400		-8143		SPY CALL
SWGVB	2009-09-28-09-45-22	2009-09-28-14-30-23	40000	92920		78800		-14663		SPY PUT

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Hey neke,

I know you have been having these journals for a few years now and was wondering is this your main source of income - is this what you do? Or is this something on the side and the 117k you have pocketed so far this year nothing more than "black truffle gravy"?

Curious as to the psychology behind the trading.
 
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