Taking 410K to 4million by Year End 2010
- Thread starter neke
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let him do what he does, it isn't easy if it was one us could have killed yourselves by taking such big losses. He has time to make it back and he will. Good luck Neke.
Weekly Update for week 18/50 ended 05/15/2010
Great week, up 33K (15.6%). Recovered almost all of last week's plunge.
Biggest gain was a regretful one. Hit BIDU puts with 127 contracts, about twice what was intended, when the stock did its final push up to 82 on Thur, immediately closed out 67 contracts at break-even to bring the size down, and closed the rest as the price came down to 79, netting 9K. That was way too soon, was just too scared of holding onto that dangerous momentum stock. Had I held till EOD, the gain should have been a whole lot more. All my decisions recently on whether to close at target or hold till EOD have been horrible: When I close early, I leave too much on the table; when I hold for EOD, I give back much of the gains.
Great week, up 33K (15.6%). Recovered almost all of last week's plunge.
Biggest gain was a regretful one. Hit BIDU puts with 127 contracts, about twice what was intended, when the stock did its final push up to 82 on Thur, immediately closed out 67 contracts at break-even to bring the size down, and closed the rest as the price came down to 79, netting 9K. That was way too soon, was just too scared of holding onto that dangerous momentum stock. Had I held till EOD, the gain should have been a whole lot more. All my decisions recently on whether to close at target or hold till EOD have been horrible: When I close early, I leave too much on the table; when I hold for EOD, I give back much of the gains.
Code:
Opening Balance: 213,958
Net gain for the week 33,353
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Net Balance: 247,311
Number of Trades 30
Number of Profitable Trades 20
Since Inception of Thread 01/10/2010 - 05/14/2010
Opening Balance: 410,000
Net loss(Less Margin Interest) 162,689 (Down 40%)
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Net Balance 247,311
Number of Trades 636
Number of Profitable Trades 322
BIDUMAY22201080.0PUT 2010-05-13-09-48-41 2010-05-13-10-54-01 12700 33720 42560 8632 BIDU PUT
PCLNMAY222010220.0PUT 2010-05-11-09-35-32 2010-05-11-10-45-42 2000 20600 27712 7065 PCLN PUTCongrats, neke. I don't think I've ever commented on this thread, but I've always been a regular reader. I think you deserve two thumbs up just for sharing your results with grace during times good and bad.
As far as results... you don't owe an explanation to anyone but your investors (if you ever decide to take any), and perhaps your spouse.
As far as results... you don't owe an explanation to anyone but your investors (if you ever decide to take any), and perhaps your spouse.
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.
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