Taking 410K to 4million by Year End 2010

[polpolik]

Way to go Neke. I'm happy for you.

And for the people who loves seeing Neke lose money - get a life. There isn't much happiness in other people's misery.

Neke, if you hit breakeven by end of year, you've done much much better than 95% of the people who trade (or on ET for that matter).

 

[~~~]

Quote from polpolik:



And for the people who loves seeing Neke lose money - get a life. There isn't much happiness in other people's misery.

felicitation...congrats to neke

i don't think the people here love to see neke lose money... they're just bold/harsh in their comments because they're concern for him losing his capital.

 

[Free Thinker]

Quote from polpolik:


Neke, if you hit breakeven by end of year, you've done much much better than 95% of the people who trade (or on ET for that matter).

thats funny. neke is either going to make it big or blow up. it just depends on how his luck runs.

 

[heech]

Quote from SkepticTrader:

If he ever decides to take in any investors?????? Who are you kidding???? Only a fool would entrust their money to someone who has suffered over a 40% drawdown.

Frankly, history pretty clearly shows there is no "unacceptable" level of drawdown. Go look at returns for John W Henry's program.

 

[ammo]

neke,your stubborn,it's a good trait ,but very expensive,hang in there,be a can not a cant,but take your losses with a little more pride,anyone can make money trading,the winners learn how to hang on to it,you will,but learn to cut your losses,you can always get back in at a better price,pride doesn't know a supp or res,only a must win...expensive lesson

 

[TGpop]

lol to all the haters, drawdown just shows you have belief in your ,method; richard dennis had 70-80% drawdowns on his trades

 

[bwolinsky]

Quote from TGpop:

...drawdown just shows you have belief in your ,method;

Pardon me, does anyone know what his method is?

 

[gkishot]

Quote from bwolinsky:

Pardon me, does anyone know what his method is?

I believe it's double down.

 

[Free Thinker]

Quote from gkishot:

I believe it's double down.

ever watch poker on tv? when they think they have a good hand they go "all in". sometimes it works sometimes it doesnt but the times it doesnt it is devastating.
most traders that i know that have lasted in this game are more interested in collecting singles and doubles instead of shooting for home runs.

 

[bwolinsky]

Quote from gkishot:

I believe it's double down.

Double quad down, really.