FORUMS BROKERS SOFTWARE
Home
 
    Forums > Trading for a Living > Journals > 2012: The Battle for Survival

Old Mar 17th, 2012, 05:51 AM   #133
mastacoli71
 
 
Join Date: Dec 2006
Posts: 2,647
Quote:
Quote from neke:

Weekly Update for week 9/50 ended 3/17/2012

Great week, up 14K (7.5%).

Most of the action this week is centred in AAPL options. Scored 2 out of 4, but the winners far outsized the losers. Faded on Tues (bought AAPL PUT), lost 4.2K. Faded again on Wed (triggered trade, albeit on smaller size since I was away all day), surpised to see the stock up 21pts at end of day, lost 5.8K, Faded the final gap up on Thursday, this time hit it right making +12K. Long CALL the morning sell-off on Fri, again +13K. Pleased there is no more case of averaging down (or it could have been worse on Tues/Wed).

Code:
Opening Balance:                	191,307
Net gain for the week 		         14,371
------------------------------------------------
Net Balance:                   		205,678


Since Inception of Thread   01/18/2012 - 03/17/2012

Opening Balance:                   	203,729
Net gain 			         13,949 (up 6.8%)
Cash Withdrawal				(12,000)
------------------------------------------------
Net Balance				205,678


Who's better then you Neke. Great job! Stick to your disciplines, don't let the doubling down creep back in with your new found confidence, and the streak will continue. Looking forward to seeing you make a strong comeback.
 
Old Mar 17th, 2012, 12:26 PM   #134
tenthousandmen
 
 
Join Date: Dec 2011
Location: Silicon Valley California, St. Petersberg Florida, Sydney Austrailia
Posts: 728
Quote:
Quote from mastacoli71:

Who's better then you Neke. Great job! Stick to your disciplines, don't let the doubling down creep back in with your new found confidence, and the streak will continue. Looking forward to seeing you make a strong comeback.
I'll + 1 that!!
 
Old Mar 18th, 2012, 08:11 PM   #135
neke
 
 
Join Date: Nov 2006
Posts: 1,073
Quote:
Quote from jedwards:

Congrats on the great week!

Are you able to find any correlations to the markets that explain your great performance you're having now vs the poorer performance you experience in the recent past? Is it a function of the markets, ie. are they behaving more predictable, or maybe some other factor?
I have probably no straightforward answer. For one thing, I believe my putting the automated check on averaging down has saved me from the excessive loss that such brings about. When I average down and incur a bigger than normal loss, the tendency is to have a loss of confidence, and not step up to take the next great trade when it shows up. For this week, I could probably have lost big on Wed, and not summoned enough courage to play on Thurs and Fri. So the loss is not just limited to the loss on the trade, but the psychological effect thereafter. Secondly, I am putting more effort into defining what is working and what is not working and devoting more energy into what is working/avoiding what does not. But hey, it is still too early to say all is back great.
 
Old Mar 23rd, 2012, 07:08 PM   #136
neke
 
 
Join Date: Nov 2006
Posts: 1,073
Weekly Update for week 10/50 ended 3/24/2012

Negative week, down 4.8K (2.3%).

Too many trades taken. Not many clear opportunities. I will have to avoid this tendency to overtrade following a good week.

Code:
Opening Balance:                	205,678
Net loss for the week 		          4,817
------------------------------------------------
Net Balance:                   		200,861


Since Inception of Thread   01/18/2012 - 03/24/2012

Opening Balance:                   	203,729
Net gain 			          9,132 (up 4.5%)
Cash Withdrawal				(12,000)
------------------------------------------------
Net Balance				200,861


 
Old Mar 24th, 2012, 05:47 AM   #137
HurricaneUS
 
 
Join Date: Aug 2008
Location: New York
Posts: 886
Quote:
Quote from neke:

Weekly Update for week 10/50 ended 3/24/2012

Negative week, down 4.8K (2.3%).

Too many trades taken. Not many clear opportunities. I will have to avoid this tendency to overtrade following a good week.

Code:
Opening Balance:                	205,678
Net loss for the week 		          4,817
------------------------------------------------
Net Balance:                   		200,861


Since Inception of Thread   01/18/2012 - 03/24/2012

Opening Balance:                   	203,729
Net gain 			          9,132 (up 4.5%)
Cash Withdrawal				(12,000)
------------------------------------------------
Net Balance				200,861



That's actually pretty good because it's now beginning to look like your losing weeks are smaller than your winning weeks instead of the other way around......good job!
 
Old Mar 24th, 2012, 07:57 PM   #138
mastacoli71
 
 
Join Date: Dec 2006
Posts: 2,647
Quote:
Quote from neke:

Weekly Update for week 10/50 ended 3/24/2012

Negative week, down 4.8K (2.3%).

Normal when you have a good run. Remember this when you take trades next week. Don't let it get out of control again. Stick to your disciplines. That's what got you on this most recent run. Good luck.
 
 
Closed Thread
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
Alpha 7 Trading Academy
Proprietary Trading Education
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider