Taking 410K to 4million by Year End 2010
- Thread starter neke
- Start date
- Status
how much is neke worth now?
Neke might perform better if he starts a new thread next year, "Taking 41k to $4.10 BY Year End 2011". The whole idea of making 1000% return just because you want to suggests exactly why Neke doesn't invest well. However, this in itself makes it fairly educational, the question is at what point does Neke read his own journal and change his ways.
Weekly Update for week 34/50 ended 09/04/2010
Negative week, down 2.6K (1.2%).
Was on a workshop for most of the week. Only one discretionary trade on Monday, losing 1.6K, while the rest were automated trades (including 2K lost to order duplication as a result of a bug). Will still be doing mostly auto trades next two weeks as my workshops continue.
Negative week, down 2.6K (1.2%).
Was on a workshop for most of the week. Only one discretionary trade on Monday, losing 1.6K, while the rest were automated trades (including 2K lost to order duplication as a result of a bug). Will still be doing mostly auto trades next two weeks as my workshops continue.
Code:
Opening Balance: 222,717
Net loss for the week 2,636
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Net Balance: 220,081
Number of Trades 9
Number of Profitable Trades 4
Since Inception of Thread 01/10/2010 - 09/04/2010
Opening Balance: 410,000
Net loss(Less Margin Interest) 189,919 (Down 46%)
------------------------------------------------
Net Balance 220,081
Number of Trades 1010
Number of Profitable Trades 534
BREAK-DOWN BY AUTOMATED/DISCRETIONARY
Number P/L Best Gainer Worst Loser
AUTO 8 -999.40 2,244.20 -3,449.00
DISCR 1 -1,645.30 0.00 -1,645.30Ok I looked at a few posts on this thread and two of the main reasons you lose money are obvious.
1. Your automated trades lose money on the small sample I
looked at. This suggests two things. One, the rules you use
to determine what to automate are wrong. Two, you
shouldn't automate your trading when you haven't
developed successful manual trading strategies.
2. I see at one point you invested 30% of your capital in BIDU
Puts. This is ridiculous gambling, options on a stock already
volatile on its own. Which brings us back to the 1000% return
idea. This might get you there but it involves no skill and more
likely your donating your capital to the guy who does make
1000%.
Weekly Update for week 35/50 ended 09/11/2010
Dead week, down $829. Was away from the market for much of the week on workshop. Automated didn't find much trades either.
Need some stirring in the market.
Dead week, down $829. Was away from the market for much of the week on workshop. Automated didn't find much trades either.
Need some stirring in the market.
Code:
Opening Balance: 220,081
Net loss for the week 829
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Net Balance: 219,252
Number of Trades 8
Number of Profitable Trades 5
Since Inception of Thread 01/10/2010 - 09/11/2010
Opening Balance: 410,000
Net loss(Less Margin Interest) 190,748 (Down 46.5%)
------------------------------------------------
Net Balance 219,252
Number of Trades 1018
Number of Profitable Trades 539
BREAK-DOWN BY AUTOMATED/DISCRETIONARY
Number P/L Best Gainer Worst Loser
AUTO 5 -139.10 1,819.00 -2,773.00
DISCR 3 -689.40 944.80 -880.50
Weekly Update for week 36/50 ended 09/18/2010
Better week, up 4K (1.8%). Finally had time to put on a number of discretionary trades in addition to the automated. Will keep trying to push on with the size limits in effect and see how that plays out by year-end.
Better week, up 4K (1.8%). Finally had time to put on a number of discretionary trades in addition to the automated. Will keep trying to push on with the size limits in effect and see how that plays out by year-end.
Code:
Opening Balance: 219,252
Net gain for the week 3,936
------------------------------------------------
Net Balance: 223,188
Number of Trades 16
Number of Profitable Trades 9
Since Inception of Thread 01/10/2010 - 09/18/2010
Opening Balance: 410,000
Net loss(Less Margin Interest) 186,812 (Down 45.6%)
------------------------------------------------
Net Balance 223,188
Number of Trades 1034
Number of Profitable Trades 548
BREAK-DOWN BY AUTOMATED/DISCRETIONARY
Number P/L Best Gainer Worst Loser
AUTO 10 328.90 1,575.90 -1,348.70
DISCR 6 3,607.30 1,217.90 -41.70- Status