Taking 410K to 4million by Year End 2010

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I see a lot of good spirited replies. However, I'm afraid your good intentions might cause more harm than good.

Neke is not trading, he is gambling, his risk aversion is in the toilet and until the day comes where he recognizes this his capital will continue to to deplete.

ESD
 
:]

Auto -- shorted. But you decided against it. Result -16k. Why even bother automating -- if your going to go against it?

Seriously WTF -- do you enjoy ppl laughing at you [even if it's digital] and we have no idea who you are.

Quote from neke:

(My automated shorted the stock, when I saw it, decided againts it, and instead went long, then averaged in as it went againt me. Result -16K.

Heartbroken.
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Neke,

Shouldn't you stop and re-evaluate your trading strategy? You can't lose >50% of an account. That's basically the definition of blowing up an account. Something is wrong.

Let me ask you and hopefully create a learning experience for everyone, from beginner to advanced traders: what is your risk mgmt policy?
 
Quote from neke:

I need a moment of reflection.
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BREAK-DOWN BY AUTOMATED/DISCRETIONARY
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Profit target: 6% ===> 5.5% ===> 4.7%.

Probably the main problems, imo.
 
Past performance does not guarantee a future repeat.

This dude is heading for a blow up, assuming > 50% is not one already.

Wake up guy, you burning the green !

Save something for the kids lol
 
actually fully agree. The more I read about Neke's approach to trading the more it comes across as a gambling addiction. I have never heard of anyone to get rich by fading the market, and thats precisely what Neke is in the majority of cases doing...




Quote from lescor:

You need several moments in a 12 step rehab program for your gambling addiction.
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is this "always" the way to tell whether its an opinion or not? Or sometimes?

You sound like ready to publish another of those "the electronic daytrader" books.

Quote from NoDoji:

The way you can tell it's an opinion is when your thoughts about the trade contain words like "always" ("Price always bounces/crashes when this happens."), or "never" ("It's never before done Y after X occurs.").
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I have an automated trading system where the weakest link is myself. I keep futzing with it, even though the data shows that it works over time.

After I took 8 days of losses in a row, I found myself extremely gun shy, and the thought of losing, whether or not it was big or small, was incredibly painful. This is why I kept screwing around with my system, and it cost me a lot of money. I psychologically couldn't take the pain of taking more losses.

If you find yourself second-guessing the system, you need to analyze it and regain the faith you had. If you find yourself wanting to mess with the system, cut the size of the trade in half, and don't touch it.

Remember, you have an automated system for a reason, if you keep messing with it, you will lose money. I've learned this from experience.
 
Quote from asiaprop:

I have never heard of anyone to get rich by fading the market, and thats precisely what Neke is in the majority of cases doing...
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I'm not certain how you define "rich", but I think Lescor does well for himself.

Quote from asiaprop:

You sound like ready to publish another of those "the electronic daytrader" books.
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Never.
 
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