and what if aapl knocks its first day sales reports of the ipad out of the park? go long and eat crow?
Taking 410K to 4million by Year End 2010
- Thread starter neke
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and what if aapl knocks its first day sales reports of the ipad out of the park? go long and eat crow?
I see what you're saying as I just more or less arrogantly threw a list of stocks up on Neke's board appearing to come across as if I'm all-knowing which I can tell you, I am far from. But would you then agree at the least that the probabilities of profitability would be increased if this uptrending with momentum stock list was stepped up to trend trading 201 and identified entry points and stops as well as exits?
Mr. Neke I would think is at a higher level and I believe capable of identifying a 'boring' edge to trade with a trend. As far as management (from what I've read), he's an all or nothing trader. Maybe with this mindset, his risk could be reduced by just simply and boringly buying and selling the underlying without the derivative? He has the stomach to handle losses and dd's, but does he have the patience to hold something for longer than a week?
Good job neke keep grinding out those 5k weeks. Must feel better not having all that leverage on your shoulders, yes?
It's called stopping out once the market does not do what you expect it to do.
If it breaks above 230 it's going to act like BIDU and may well hit 300 by the next week after the break. I'm a trader and my opinion changes with every tick. Based on todays close this market has legs to move higher.
If it breaks above 230 it's going to act like BIDU and may well hit 300 by the next week after the break. I'm a trader and my opinion changes with every tick. Based on todays close this market has legs to move higher.
well put.
second that.
you know your stuff.
good job.
i agree.
i just wouldn't set a low end of 215, not when we're a week away from the ipad debut and a next earnings report stock split announcement.
and a highly skilled trader will add options covering and writing to the trade to maximize profits and hedge downside risk.
Weekly Update for week 11/50 ended 03/27/2010
Moderately negative, down 1K (0.5%).
The big loser was a forced sell-out on my put option in BIDU on Wed - yes BIDU once again! Bought 31 contracts worth about 60K put option when the stock spiked again in the morning. Really thought chance of 9K loss stop-out on the option was slim. I got it wrong, as the early afternoon climactic top (stock was about 612) forced me out with a loss of 10 K (9K + nearly 1K slippage). Putting in place a mechanism in my system to better predict chance of my max loss limit being reached intra-day when initiating/increasing a position. If the chance is greater than 5%, close out the position immediately (should not allow me to carry on too much size relative to my loss threshhold). Other than that, it should have been an OK week.
Still keeping my small size on the automatic trades.
Moderately negative, down 1K (0.5%).
The big loser was a forced sell-out on my put option in BIDU on Wed - yes BIDU once again! Bought 31 contracts worth about 60K put option when the stock spiked again in the morning. Really thought chance of 9K loss stop-out on the option was slim. I got it wrong, as the early afternoon climactic top (stock was about 612) forced me out with a loss of 10 K (9K + nearly 1K slippage). Putting in place a mechanism in my system to better predict chance of my max loss limit being reached intra-day when initiating/increasing a position. If the chance is greater than 5%, close out the position immediately (should not allow me to carry on too much size relative to my loss threshhold). Other than that, it should have been an OK week.
Still keeping my small size on the automatic trades.
Code:
Opening Balance: 247,804
Net loss for the week 1,139
------------------------------------------------
Net Balance: 246,665
Number of Trades 30
Number of Profitable Trades 18
Since Inception of Thread 01/10/2010 - 03/27/2010
Opening Balance: 410,000
Net loss(Less Margin Interest) 163,335 (Down 40%)
------------------------------------------------
Net Balance 246,665
Number of Trades 429
Number of Profitable Trades 202
BPJAPR172010600.0PUT 2010-03-24-09-44-45 2010-03-24-12-34-31 3100 61014 51150 -9939.9 BIDU APR 600 PUT- Status