Taking 410K to 4million by Year End 2010
- Thread starter neke
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Keep up the good work Neke, slowly and steadily..
Well, he did a good job to automate more of his trading, including risk management. At the same time the thread pretty much lost all of its appeal. Not because of the results but whats the point of seeing his p&l and nothing else...before there were trades that could have inspired ideas....among other things...
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.
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.
Although I agree that many here are train wreck enthusiasts I bet most people only care to post when there are huge swings either on the up or down side. Big swings plus discretionary trading equals a very interesting story. Small percentage swings with non-discretionary trading have been experienced by countless traders thousands of times and are about as interesting as reading a journal about a guy brushing his teeth.
Neke, to keep your journal a worthwhile read, could you please continue to post some of your trades that your system has taken? No need to mention stops or targets, there is no intention to ask you to reveal any of your system. Also a little more detail on your overnight positions would be much appreciated and could spark an interesting discussion. It may also serve you well to document what has been going on with your system and overnight trades...
Quote from neke:
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).
Code:Opening Balance: 230,291 Net gain for the week 10,269 ------------------------------------------------ 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%) ------------------------------------------------ Net Balance 240,560 Number of Trades 323 Number of Profitable Trades 150
Neke can make this back. I don't think its the leverage thats the problem. If he can stop doubling down, and learn to cut losers, he'll do much better. Good job this week.
Hey Neke,
I would like to respectfully disagree with you here on this point.
Making 10K in a week is not 'ok'. Its great It is really great. There is nothing ok about it. You made more this week than most make on their money in a year.
Plus you made some changes and they often take time to actually improve a situation so this week appears to be better yet.
I don't know about you but for me the numbers sometimes lose their real meaning especially when the numbers are lower than they were just a short while ago.
Keep up the good work and best to you this week
Robert
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