Taking 76K to 500K by Year End

Status
Not open for further replies.
Quote from BlindLemonBoosh:

Neke:
Can you explain why your equity curve appears less volatile after your large drawdown than before? Thanks, in advance.
More...

BLB,

Thanks for taking the time to chart the equity curve. I think the reduction in volatility could be attributed to these facts:

1) I have reduced my tendency to take on bigger sizes, averaging in on losing positions.
2) I have committed more buying power to my automated strategies (specifically AUTOTRADE1, since others are yet to pick a trade). That strategy is historically not as volatile as my discretionary trades, and that leaves me with less buying power to commit to discretionary trades.
3) I am making a conscious effort to "prove" my strategies before stepping up in size.
 
Below is the summary of my results by trading strategy. The discretionary long stock has been the massive underperformer, led by the huge loss on ICFI of 47K in week 12. The major problem in those big losers have been the tendency to average in on losses. These results exclude margin interest and other charges.

Code: 
                                        TRANSACTIONS ANALYSIS FROM 2007-02-25 TO 2007-06-29

                              Current Week                                   |	Since Inception of Thread
                                                                             |                                           
                Method          Gains/Loss       No Of          Profitable   |  Gains/Loss       No Of       Profitable  
                                                Trades              Trades   |                  Trades           Trades  
Automated       AutoTrade1           -2555           7                   3   |       35606         124               74  
                AutoTrade2               0           0                   0   |           0           0                0  
                AutoTrade3               0           0                   0   |           0           0                0  
                                -----------     --------        ------------ |  -----------     ------       ------------
Total Automated                      -2555           7                   3   |       35606         124               74  
                                -----------     --------        ------------ |  -----------     ------       ------------
Discretionary   Long                  6309           7                   5   |      -52770         187              107  
                Short                 -634           1                   0   |       39115          77               52  
                Options(long)         7852          11                   6   |       42078          64               38  
                                -----------     --------        ------------ |  -----------     ------       ------------
Total Discretionary                  13527          19                  11   |       28423         328              197  
                                ===========     ========        ============ |  ===========     ======       ============
Net Totals                           10972          26                  14   |       64029         452              271  
                                ===========     ========        ============ |  ===========     ======       ============
 
Weekly Update for week 19 ended 07/06/2007

Another OK week. Able to make some money through options once again on Monday, Tuesday and Thursday. Lost 3K on Friday to give me a net of 10K for the week. I am glad AUTOTRADE2 has picked its first three trades and made 3K. AUTOTRADE1 has another lacklustre week. As we approach the earnings season, I am readying my alertness to possibilities for gains and losses: AUTOTRADE3 should become active as it is a play on earnings.

Withdrew 6K for the month ended June 30.

Code: 
Balance B/F:                   		115,013
Gain for the week (Less Interest)         9,996
Cash Withdrawals			 -6,000
------------------------------------------------
Balance C/F:                   		119,009
Number of Trades	            	 20
Number of Profitable Trades    	    	 10

Since Inception of Thread   2/25/2007 - 07/06/2007

Balance B/F:                   		 76,636
Net Gain (Less Margin Interest)		 73,373
Cash Withdrawal		       		-31,000
------------------------------------------------
Balance C/F:                   		119,009		(Adjusted balance before withdrawals is 150009, up 96% )
Number of Trades	           	 472
Number of Profitable Trades        	 281

Expected Balance at this time to be on track for Year-End Target : 
			       172,254
Status:			       Behind Target		(Based on adjusted balance before withdrawals)

Top/Bottom Discretionary Trades for the week

TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAINS		TYPE

APVGE	2007-07-03-11-44-32	2007-07-05-09-31-18	10000	45120		51640		6329		OPTIONS
RFYGB	2007-07-02-10-11-31	2007-07-02-12-16-52	3000	22700		27900		5115		OPTIONS
QAASD	2007-07-02-09-48-28	2007-07-02-12-02-19	3000	10440		8400		-2105		OPTIONS
PMTC	2007-07-06-09-22-42	2007-07-06-11-11-12	10000	176000		173000		-3023		LONG


                                        TRANSACTIONS ANALYSIS FROM 2007-02-25 TO 2007-07-07
                                        (Before Interest and Other charges)
                             Current Week                                    |	Since Inception of Thread
                                                                             |                                           
                Method          Gains/Loss       No Of          Profitable   |  Gains/Loss       No Of       Profitable  
                                                Trades              Trades   |                  Trades           Trades  
Automated       AutoTrade1             595           7                   4   |       36201         131               78  
                AutoTrade2            3462           3                   2   |        3462           3                2  
                AutoTrade3               0           0                   0   |           0           0                0  
                                -----------     --------        ------------ |  -----------     ------       ------------
Total Automated                       4057          10                   6   |       39663         134               80  
                                -----------     --------        ------------ |  -----------     ------       ------------
Discretionary   Long                 -5189           5                   1   |      -57959         192              108  
                Short                    0           0                   0   |       39115          77               52  
                Options(long)        11415           5                   3   |       53493          69               41  
                                -----------     --------        ------------ |  -----------     ------       ------------
Total Discretionary                   6227          10                   4   |       34649         338              201  
                                ===========     ========        ============ |  ===========     ======       ============
Net Totals                           10283          20                  10   |       74312         472              281  
                                ===========     ========        ============ |  ===========     ======       ============
 
With all do respect... If you started trading stocks that are real companies. You would do much better. You pick some good stocks/trades, but cancel them out with companies that have questionable business models at best!

Try moving up the ladder and trade what you know is real and not crap companies!

You have the tools, your just focusing to much time/cash on crap companies that may be a big hit by luck.

Very good thread and ideas! Just stay away from the CRAP!
 
Quote from dinoman:

With all do respect... If you started trading stocks that are real companies. You would do much better. You pick some good stocks/trades, but cancel them out with companies that have questionable business models at best!

Try moving up the ladder and trade what you know is real and not crap companies!

You have the tools, your just focusing to much time/cash on crap companies that may be a big hit by luck.

Very good thread and ideas! Just stay away from the CRAP!
More...

What are you talking about? Crap Companies?

For your information +APVGE, RFYGB, QAASD are July options on AAPL and RIMM. If Apple and Research in Motion are crap companies, I do not know what are real companies to you! Wake up!!
 
Quote from dinoman:

With all do respect... If you started trading stocks that are real companies. You would do much better. You pick some good stocks/trades, but cancel them out with companies that have questionable business models at best!

Try moving up the ladder and trade what you know is real and not crap companies!

You have the tools, your just focusing to much time/cash on crap companies that may be a big hit by luck.

Very good thread and ideas! Just stay away from the CRAP!
More...

Classic ET ignorance.:D
 
Neke,

I just started reading your thread today, and while I admit I haven't read the whole thing, I find it inspiring and validating to my own trading, which, when I post it, brings all the naysayers out in force.

Quick recap of my story. I've been trading stocks for 7 years. I recently decided to take $6k and $6k only just to see what I could do with it in options trading. That was in April. At the end of June my account was $70k. However, through a slew of several ill-advised trades on days when I was exhausted and distracted by other problems, my account now stands at $50k. A terrible drawdown, and the worst part is that if I'd just held the trades overnight (I almost exclusively daytrade) they'd have been stellar gainers. Bad habit of getting shaken out. But still a nice overall gain for 3 months. Something like 850%.


My strategy is simply to daytrade high-volume, high-liquidity stocks with good reliable spreads on the options Level II screen.
For example, BIDU. Yesterday. God, how I wish I'd been home. (it's one of my favorite high-beta stocks to trade.) Upgrade, gap up, stay up. The $190 calls had a range of $6.80 to $15.50. Let's say you'd bought just 20 of the calls at $7.50 (no one catches the low) and sold them for $14.50 (no one catches the high), that's a profit of $14k in a single day.

Yes, it can be done, you're doing it, and spectacularly I might add, damn the torpedoes, full speed ahead! Good for you for publishing your journal, too.

Maybe I'll start a journal on the options board. BTW: how do you access your nice spreadsheet profit/gain lists? Do you download them to your PC to Microsoft Word or something like that? No idea how to do that.

Happy trading, Neke
 
Status
Not open for further replies.
Back
Top