Taking 410K to 4million by Year End 2010

[neke]

Weekly Update for week 19/50 ended 05/22/2010

Good week, up 17K (6.9%). Was playing fading over-extended moves in the SPY for the most part, and exiting when target bounces reached. Missed out on Fri rally. Set my trigger to load up on diverse stocks when the market comes to a certain level. Missed the target on SPY by a couple dimes and didn't feel like chasing the market as the rebound happened so fast and furious after the open. Should make some adjustments not to miss it so completely next time.

Opening Balance:                	247,311
Net gain for the week 		      	 17,478
------------------------------------------------
Net Balance:                   		264,789

Number of Trades	            	 27
Number of Profitable Trades    	    	 16


Since Inception of Thread   01/10/2010 - 05/22/2010

Opening Balance:                   	410,000
Net loss(Less Margin Interest)		145,211 (Down 35%)
------------------------------------------------
Net Balance				264,789

Number of Trades	           	653
Number of Profitable Trades        	338

 

[kinggyppo]

nice job neke.

 

[etile]

There are too many haters in this world and on this site. I guess thats what happens when you put your performance up for the world to see.

 

[gettinglucky]

I can see that the OP (neke) has violated many esoteric principles in this thread... (note the #'s are arbitrary).

Esoteric principle #abc: The value of silence.

The moment you reveal anything to the world, including your intention to turn 400K into 4M is the moment you being to lose your power to attain such destiny.

Esoteric principle #bcd: Those who exalt themselves will be humbled, while those who humble themselves will be exalted by others.

Esoteric principle #cde: Preceding every rise, there is a decline. Preceding every decline, there is a rise. To go up, one must first go down. To go down, one must first go up.

 

[Humpy]

Quote from gettinglucky:


Esoteric principle #abc: The value of silence.

They say silence is golden

The poor sap is on course to blow out his account like an over-testosteroned newbie.

May even fall into the trap of trying even harder by being even more reckless - we shall see

 

[kds]

can you please post your most recent value of your portfolios? i hope to see you success....it's a big motivation for every trader.

 

[neke]

Weekly Update for week 20/50 ended 05/29/2010

Moderatley positive week, up 6.6K (2.5%).

Decent week, marked by small gainers and a high win rate (20 of 27), just marred on Thursday by a heavy short position that cost me 12K. Looking forward to next week.

Opening Balance:                	264,789
Net gain for the week 		      	  6,621
------------------------------------------------
Net Balance:                   		271,410

Number of Trades	            	 27
Number of Profitable Trades    	    	 20


Since Inception of Thread   01/10/2010 - 05/29/2010

Opening Balance:                   	410,000
Net loss(Less Margin Interest)		138,590 (Down 34%)
------------------------------------------------
Net Balance				271,410

Number of Trades	           	680
Number of Profitable Trades        	358

 

[BigFunky]

Is this from the fully automated system?

 

[TGpop]

good goin

 

[neke]

Weekly Update for week 21/50 ended 06/05/2010

Positive week, up 10.5K (3.9%).

Not a lot happening in individual stocks, except the oil-related issues which supplied most of the gains. The big regret was Friday, when I shorted a bunch of those oil-related issues, got beaten up having an unrealized loss of 8K at one point (about 10:20am), got out relieved as the stock retraced for break-even for the day by 11:05am. Missed the sell-off in the market and in those stocks afterwards. Easily left 20K on the table.

Opening Balance:                	271,410
Net gain for the week 		      	 10,504
------------------------------------------------
Net Balance:                   		281,914

Number of Trades	            	 26
Number of Profitable Trades    	    	 14


Since Inception of Thread   01/10/2010 - 06/05/2010

Opening Balance:                   	410,000
Net loss(Less Margin Interest)		128,086 (Down 31%)
------------------------------------------------
Net Balance				281,914

Number of Trades	           	706
Number of Profitable Trades        	372