Taking 410K to 4million by Year End 2010
- Thread starter neke
- Start date
- Status
Neke you're making a great come back. That loss in NFLX last week was tough, but that stock has been a widow maker for a while now especially this week with the add to the S&P 500 squeezing shorts.
You've shown the ability to grind it out this year even when many, including myself, were advising you to pull the ripcord.
Well done
You've shown the ability to grind it out this year even when many, including myself, were advising you to pull the ripcord.
Well done
Do u know that your thread, and also journal of Lescor, and Weinstein provide the best inspiration for us traders, though a pity that Nodoji had stopped hers, pls continue your great comeback, it really require lots of determination and patience to rebound from yor bidu loss, great job
Quote from NoDoji:
Neke, you wily trend-follower. How come you're doing what the HERD is doing? Haven't you been following all the experts on ET who insist that only us dumb retail losing traders do what the HERD is doing. Well, here's to some more "dumb" trading next week
Yeah, I think I am still young enough to identify a fad and swim along. Still keeping my eyes to the ground, in case the music changes. Seriously, my mantra has been "buy credible strength, fade exuberance. Short credible weakness, buy panic". The threshhold for credibility of strength is so low these days since almost everything that opens up ends up higher. On the other hand, it has been quite difficult to make gains from fading exuberance (my NFLX and SPY puts of last week as example), so the threshhold for entry has been raised there. Yes, I am a trend-follower: identify what is currenlty working and play it
Weekly Update for week 49/50 ended 12/18/2010
Horrible week, down 35K (10%). Nothing going for me this week.
Worst loser was V on Thursday. Not sure why my automation picked it up in spite of other metrics that should have suggested it should avoid buying the dip, and that with a doubled size. One more shortened week, and this year will be over for me.
Horrible week, down 35K (10%). Nothing going for me this week.
Worst loser was V on Thursday. Not sure why my automation picked it up in spite of other metrics that should have suggested it should avoid buying the dip, and that with a doubled size. One more shortened week, and this year will be over for me.
Code:
Opening Balance: 351,276
Net loss for the week 34,913
------------------------------------------------
Net Balance: 316,363
Number of Trades 16
Number of Profitable Trades 7
Since Inception of Thread 01/10/2010 - 12/18/2010
Opening Balance: 410,000
Net loss(Less Margin Interest) 93,637 (Down 23%)
------------------------------------------------
Net Balance 316,363
Number of Trades 1282
Number of Profitable Trades 701
BREAK-DOWN BY AUTOMATED/DISCRETIONARY
Number P/L Best Gainer Worst Loser
AUTO 3 -14,848.60 3,736.90 -18,259.20
DISCR 13 -20,064.80 7,841.20 -9,875.20
TOP/BOTTOM DISCRETIONARY TRADES
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
----------------------------------------------------------
V 2010-12-16-14-25-48 2010-12-16-15-47-19 3597 263580 245346 -18259 LONG
neke...take december off this next year...Can we have another journal?
ES
ES
- Status