Taking 320K to 3.5million by Year End 2009

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Quote from BPtrader:

neke, how could you take such a loss? How could you do such a thing?

I would never take a loss until the market closes. I would never allow a loss to happen during the market hours, never, a loss can only happen over my dead body. :D

Actually, a loss and a dead body happen at the same time, at least in my case.

You are a master trader, neke. I would rank you at the same level as Red_Ink, Dustin and Anekdoten.
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It isn't hard with options.
 
Neke I have a question. Would u mind explaining to us in sequential order how you came to where you are? Meaning explain how you started with your first small account to how you got to where you are. Did you always trade options? Thanks.
 
Quote from poyayan:

I am amazed that you can over come the ask/bid spread.
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That's the whole point of waiting for the quality set-up vis-a-vis the stock. You observe I hardly trade options on mini caps and lower-priced stocks like SVU, PPDI, TECH (just random picks from my stocklist table). The option spreads are too much relative to my expected edge in the underlying stock (If I am expecting an average of 0.5% move in the stock in my favor - averaging winners and losers - that is just not enough to cover the options spread. On the other hand such an edge will be more than sufficient to trade an option in AAPL, BIDU, GOOG or some other liquid issues).
 
Quote from pjmalcolm1:

Neke I have a question. Would u mind explaining to us in sequential order how you came to where you are? Meaning explain how you started with your first small account to how you got to where you are. Did you always trade options? Thanks.
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I thought I have explained that in different places throughout this thread and the prior ones. If you want a single post detailing it all, well I shall consider that project.
 
Neke i have a question do you have an algorythm or scan or a set of rules to pick the stocks you trade or are you just gambling? Your approach to GOOG last week seems to be one of a gambler

nothing wrong with gambling, just curious
thanks!
 
Quote from jr07:

"betting on a good apreciation after the upgrade" i believe neke wrote on friday.
Not gambling? Hmmmmmm.....
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Every trade is a gamble because we can't precisely predict the future. Good traders play when the odds are in their favor. I think people here are using the word "gambling" to indicate playing Roulette and choosing black or red.

The majority of stocks rise nicely after an analyst upgrade and so playing ISRG wasn't just a 50/50 gamble.

However, there was a study reported last week on how the use of the Da Vinci system results in negative results vs standard surgery, and if you weren't aware of that bit of news you'd be scratching your head over a negative response to an upgrade.

And that's why adhering to risk management rules is more important than being "right" when you're trading.

Fortunately in trading most of the time we can get out of a loser before much damage is done. Once you place your bet in Vegas you can't take any of it back.
 
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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