Taking 410K to 4million by Year End 2010
- Thread starter neke
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Weekly Update for week 43/50 ended 11/06/2010
Positive week, up 10K (3.4%).
Lots of offsetting action for the most part this week on my discretionary trades, until Thur when I lost 12K shorting (SPY PUTs) the market. IF there ever was a day not to fight the Fed, it should have been Thur. That was unfortunate. Good thing I resisted the urge to average down (and my position monitor was on the alert). Made up much of that loss with short trades on Fri on some over-extended rallies. My automated trades came to the rescue big time, netting 12K for the week.
Positive week, up 10K (3.4%).
Lots of offsetting action for the most part this week on my discretionary trades, until Thur when I lost 12K shorting (SPY PUTs) the market. IF there ever was a day not to fight the Fed, it should have been Thur. That was unfortunate. Good thing I resisted the urge to average down (and my position monitor was on the alert). Made up much of that loss with short trades on Fri on some over-extended rallies. My automated trades came to the rescue big time, netting 12K for the week.
Code:
Opening Balance: 293,109
Net gain for the week 10,107
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Net Balance: 303,216
Number of Trades 23
Number of Profitable Trades 16
Since Inception of Thread 01/10/2010 - 11/06/2010
Opening Balance: 410,000
Net loss(Less Margin Interest) 106,784 (Down 26%)
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Net Balance 303,216
Number of Trades 1200
Number of Profitable Trades 649
BREAK-DOWN BY AUTOMATED/DISCRETIONARY
Number P/L Best Gainer Worst Loser
AUTO 5 12,731.20 7,076.00 0.00
DISCR 18 -2,303.00 5,267.70 -11,690.40Hardly what I call a recovery... When he/she? breaks even, that will be the beginning uv recovery sonny...
Neke you've had a nice couple weeks. Congrats. Just please don't give it back when/if this market pulls back.
That's a dumb comment. A few weeks ago he had a self-admitted meltdown after many weeks of losses, and in the last 3 weeks he's made some great gains. I would call that a recovery. He doesn't have to wait till break even to celebrate his victories. He has already acknowledged the first 8 weeks were rough, and he's moved on like any good trader would.
+1!. Neke pay no attention to these haters
Weekly Update for week 44/50 ended 11/13/2010
Positive week, up 12K (4%). Delighted to have the first 5-week winning streak in a year. New highs for the year excluding the first week. Now can say, "had it not been for the loss of the BIDU trade on week 1 (-102K), I should be positive for the year".
Was quite a roller-coaster, with some big losses, which were more than taken care of by the big win rate in my discretionary trades. Started the week with a gain of about 9K on Monday. Suffered terribly on Tue with the sell-off. First bought PCLN calls at the wrong moment (waited for it to get to my limit in early trade, when it did not, chased it and bought near the high. Paid for it selling when the stock retraced for a loss of 11K. Then entered SPY calls on the dip, again lost 8K there with the market sell-off. Wed provided reprieve buying the market (SPY call) and a few stocks on the morning dip. Closed the day with gains of 20K. Thur and Fri were slower with the gains/losses.
Positive week, up 12K (4%). Delighted to have the first 5-week winning streak in a year. New highs for the year excluding the first week. Now can say, "had it not been for the loss of the BIDU trade on week 1 (-102K), I should be positive for the year".
Was quite a roller-coaster, with some big losses, which were more than taken care of by the big win rate in my discretionary trades. Started the week with a gain of about 9K on Monday. Suffered terribly on Tue with the sell-off. First bought PCLN calls at the wrong moment (waited for it to get to my limit in early trade, when it did not, chased it and bought near the high. Paid for it selling when the stock retraced for a loss of 11K. Then entered SPY calls on the dip, again lost 8K there with the market sell-off. Wed provided reprieve buying the market (SPY call) and a few stocks on the morning dip. Closed the day with gains of 20K. Thur and Fri were slower with the gains/losses.
Code:
Opening Balance: 303,216
Net gain for the week 12,119
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Net Balance: 315,335
Number of Trades 24
Number of Profitable Trades 17
Since Inception of Thread 01/10/2010 - 11/13/2010
Opening Balance: 410,000
Net loss(Less Margin Interest) 94,665 (Down 23%)
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Net Balance 315,335
Number of Trades 1224
Number of Profitable Trades 666
BREAK-DOWN BY AUTOMATED/DISCRETIONARY
Number P/L Best Gainer Worst Loser
AUTO 5 -4,130.70 2,951.40 -7,513.60
DISCR 19 15,920.50 8,129.00 -11,634.20Nice work
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