Taking 410K to 4million by Year End 2010

[bwolinsky]

Quote from bigb:

who cares why he made this journal? And who cares how he chooses to trade his money? If you do, why? This is just fun entertainment on the side. All these naysayers know they are losing too. They just like to think to themselves, "Man, if I had a 400k account, I wouldn't have to overleverage my account anymore and I'd become a successful trader. This guy must be an idiot." Every trader that first starts thinks this same way about others. Neke nor anyone else cares what any of you write because the advice most of you give him is complete BS. If you had actually followed his journals the last few years, you would have seen he is usually a very successful trader with some hiccups in the road, but we all have them. What he decides to do in the future is irrevelant to your life, so just let it be. Please, for the sake of mankind, let your halfcent advice go.

Seems anybody offering advice is also naysaying. This is the thread's MO.

 

[bwolinsky]

Quote from neke:



Since Inception of Thread 01/10/2010 - 06/19/2010

Opening Balance: 410,000
Net loss(Less Margin Interest) 140,864(Down 34%)
------------------------------------------------
Net Balance 269,136

Number of Trades 767
Number of Profitable Trades 402


[/code][/font]

402/767=52.41% win percentage....a little bit higher than vegas card counting.

Too many trades, really. Overtrading half way through the year.

 

[novel20]

Quote from bwolinsky:

402/767=52.41% win percentage....a little bit higher than vegas card counting.

Too many trades, really. Overtrading half way through the year.

Yeah, should only trade when you are going to win.

 

[saminny]

Do you guys post your trades here? It would be good for others if they want to follow you or simulate your performance.. just a thought.. it could be a great knowledge base for everyone if we start posting trades.

cheers,

Sam

 

[JamesL]

There are different threads for that already. Just look at the CL and the ES thread. No way you could put all these expert D)trade calls in one thread in a coherent manner.

 

[saminny]

Quote from JamesL:

There are different threads for that already. Just look at the CL and the ES thread. No way you could put all these expert D)trade calls in one thread in a coherent manner.

Or may be each trader here can create his own thread named after his id and include his trades. entry, exit and stop loss and relevant analysis/charts. Just a thought

 

[bwolinsky]

Quote from novel20:

Yeah, should only trade when you are going to win.

Or at least a 2:1 win ratio, percentage wise.

 

[NoDoji]

Quote from saminny:

Or may be each trader here can create his own thread named after his id and include his trades. entry, exit and stop loss and relevant analysis/charts. Just a thought

There's a decent thread for this already (read the whole thread for the best trading lessons money can't buy):

http://www.elitetrader.com/vb/showthread.php?s=&postid=2877700#post2877700

 

[ebaronjr]

Neke-
Thanks for the information. Glad you are honest on your gains/losses, unlike many in this business. Keep posting. Thanks!

 

[asiaprop]

I second that. While I disagree with his approach and risk management skills I appreciate he is (still) honest to himself and his journal. I dont think he cares much of what others have to say, and why does he have to. Its a game of golf. There are tournaments and competitions with others, however, the real competition is inside of our head, whether we are able to learn from mistakes and really figure out how to find the needed patience, concentration, and willpower to stick to rules aside the ability to adapt to the environment.

Most here on ET are complete morons and idiots and honesty definitely sticks out.

Quote from ebaronjr:

Neke-
Thanks for the information. Glad you are honest on your gains/losses, unlike many in this business. Keep posting. Thanks!