Taking 410K to 4million by Year End 2010

[innovest_11]

V is really scary that day I saw it, droppin by the dollar

Xmas coming, u can start a new thread next year?

 

[Temujin]

Hi,

As we approach year end, in the basence of any major follow thru trends, best to adopt a trading range and reversion to mean strategy.

Position size impt - I see a isgnificant move into first -second week Jan 2011.

Wishing one and all a merry xmas....

Cheers, temujuin

 

[Nine_Ender]

Quote from neke:

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.

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

OMG.

It is obvious your automation system sucks. How on earth can it be a good strategy to invest 80% of your account on one stock, on a day when news is moving it down ? Where is the risk management in that system ?

Remember, earlier this year, I recommended you shut down the automation. Obviously, there is no black swan analysis in it, that's for sure.

 

[jajuanm2]

Not bad Neke. Just move on to the next week.

 

[HuggieBear]

bummer week...the market is screwy right now (in my view)...that V move was especially screwy. I don't see how you can run automated trades on something being moved by a significant news event.

 

[neke]

Quote from ElectricSavant:

neke...take december off this next year...Can we have another journal?

ES

Yes, I plan to start another. Don't like giving up at the lows. Hopefully should be a better year next.

 

[ElectricSavant]

TAKE DECEMBER'S OFF

Quote from neke:

Yes, I plan to start another. Don't like giving up at the lows. Hopefully should be a better year next.

 

[heech]

Quote from neke:

Yes, I plan to start another. Don't like giving up at the lows. Hopefully should be a better year next.

Amen Good luck!

 

[lurefo]

Quote from neke:

Yes, I plan to start another. Don't like giving up at the lows. Hopefully should be a better year next.

Fuck, how many times I've said that... Good luck man. Good luck and good new year to the all struggling traders out there.

 

[Nine_Ender]

Quote from neke:

Yes, I plan to start another. Don't like giving up at the lows. Hopefully should be a better year next.

Selective longs going into next week could pay off handsomely.
Breakout likely not done. I like call options on blue chip stocks that look good in mutual funds. People will not sell their winners until the new year and delay the taxes.