Taking 410K to 4million by Year End 2010
- Thread starter neke
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Yep, I have the same quote taped to my monitor. I am no longer concerned about the negative result. My only sure reward is in my actions of trading the wonderful stock market.
To make sure I will continue to receive the sure reward, I will refill my trading account with my eighth credit card. I am planning to apply for my ninth credit card.
That certainly can be the cynical way to look at it.
The point is, if you have a well thought out trading plan that has an edge... your focus should be on executing your plan to the best of your ability.
If you become an expert at executing your plan, the profits will take care of themselves.
i don't agree...
one thing is increasing your position just because your position went against you so you double down just because price is now lower and for you to be able to recover faster...
another thing is having a predetermined risk, let's say I have 200 million under management... I will risk 2% so 4 million in total...
I will scale into position by buying anywhere in a pre-determined range...
a range of 25 USD and 22 USD on a stock for example... i'll be spreading those 4 million somwhere on that range... if he buys 1 mill at 24 and 1 mill at 22 and then again at 23 this to me is not averaging down... he just broke his position into several in order to scale in... if it breaks to the downside at 21.50 stopped out.
now getting in at 24 USD 4 million straight away and then it goes to 21 USD so you double down... it goes to 15 USD pour some more million it will come back up sooner or later... this to me is a clear averaging down while the first is not
when dees neke post his trades. ? end of week.. curious to see how he has fared in this roller coaster .week
but isnt it the same thing week after week..
the mkt seems to be going no where. dubai ,,GREECE.. Euro.. deficit.. unemployement... recovery... etc etc.. same thing. churned around..
but isnt it the same thing week after week..
the mkt seems to be going no where. dubai ,,GREECE.. Euro.. deficit.. unemployement... recovery... etc etc.. same thing. churned around..
When will "The number" be coming out? I base all my trading decisions off this, and need to know asap. Thanks 
Weekly Update for week 7/50 ended 02/27/2010
An OK week, up 10K (4.4%).
Turned on my automation in full gear this week, and collected some nice gains. For the most part kept to my word of abstaining from initiating positions manually after 930am - gave some leeway and made it 10am! Will continue this week-end adding more automated processes. I have also started keeping positions overnight (small size).
An OK week, up 10K (4.4%).
Turned on my automation in full gear this week, and collected some nice gains. For the most part kept to my word of abstaining from initiating positions manually after 930am - gave some leeway and made it 10am! Will continue this week-end adding more automated processes. I have also started keeping positions overnight (small size).
Code:
Opening Balance: 230,291
Net gain for the week 10,269
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Net Balance: 240,560
Number of Trades 22
Number of Profitable Trades 11
Since Inception of Thread 01/10/2010 - 02/27/2010
Opening Balance: 410,000
Net loss(Less Margin Interest) 169,440 (Down 41%)
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Net Balance 240,560
Number of Trades 323
Number of Profitable Trades 150Am I surprised at the lack of response to neke's profitable week?
The lack of response indicates only one thing: these mf are here to watch a train wreck, and they are extremely disappointed.
This brings out the question of what purpose neke's thread serves.
If it serves the purpose of satisfying the secret and vicious desire of watching a train wreck/earthquake/murder/flood/war/child molestation/rape, you might as well produce a "down another 50k this week" post. It will bring out a lot of evil posters from their hiding holes.
The lack of response indicates only one thing: these mf are here to watch a train wreck, and they are extremely disappointed.
This brings out the question of what purpose neke's thread serves.
If it serves the purpose of satisfying the secret and vicious desire of watching a train wreck/earthquake/murder/flood/war/child molestation/rape, you might as well produce a "down another 50k this week" post. It will bring out a lot of evil posters from their hiding holes.
Quote from BPtrader:
Am I surprised at the lack of response to neke's profitable week?
The lack of response indicates only one thing: these mf are here to watch a train wreck, and they are extremely disappointed.
This brings out the question of what purpose neke's thread serves.
If it serves the purpose of satisfying the secret and vicious desire of watching a train wreck/earthquake/murder/flood/war/child molestation/rape, you might as well produce a "down another 50k this week" post. It will bring out a lot of evil posters from their hiding holes.
I just don't want to jinx him with my posting.
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