Registered: Apr 2008
Posts: 69

seems to me you began to make money last year after the crisis began.....and the volatility increased....before that it was so so.

the same for 2009 where you made money at the beguining of the year when the volatility was still huge.


So it seems to me that you have a strategy that work when the volatility is uge.

Now you need to find a solution for normal day.

Just a direction to maybe think.

Good luck.

Registered: Nov 2006
Posts: 75

Neke,

Don't push it. Good weeks will come but you have to manage your money proper these days.

Good luck.

Registered: May 2002
Posts: 3613

25000 puts on FSLR?? For an intraday trade? That's not trading, that's donating.

You need some time off. Maybe also consider the fact that you are getting too big for your time frame in certain names?

Registered: Apr 2009
Posts: 156

Maybe I missed it, but I don't recall Neke asking for advise.

It's funny how everytime he stumbles the trading geniuses come out of the woodwork with their proof of why they're smarter than him.

Hopefully Neke has the good sense to employ liberal use of the ignore feature.

Registered: Jul 2008
Posts: 1453

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Quote from Mike Morrison:

Maybe I missed it, but I don't recall Neke asking for advise.

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But he is posting his trades for a reason, or?

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It's funny how everytime he stumbles the trading geniuses come out of the woodwork with their proof of why they're smarter than him.

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Not just then. I've been skeptical even when he was raking in 50k a week.

Ever considered that there is something fundamentally wrong with Neke's strategy? It seems that mentioning anything to this extent is shouted down very swiftly. Interesting.

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Hopefully Neke has the good sense to employ liberal use of the ignore feature.

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As you said, no need to dictate. Let's leave it up to the OP, ok?

Registered: Mar 2008
Posts: 157

As a full time trader for the past 6 years, I've followed this thread with interest.

Neke has a very discretionary trading approach. A combination of market timing and news plays. This style worked quite well for much of 2008 as the financial crisis resulted in alot of forced liquidations and resulting rebounds. Relatively easy to anticipate for the experienced trader.

But that has changed in 2009. Liquidity is gone and stocks can have quite overextended moves based on little reason. Trading stocks based on gut instinct and what you "think" a stock should is increasingly difficult in this market.

You can easily lose big on a moderate position in this market. Add in the emotional self destruction that all discretionary traders are vulnerable too, and its tougher than ever to make a living.

I believe the goal of 320k to 3.5mil is not only completely unrealistic, its also very detrimental as it causes you to take much larger risks per trade than your account can handle. You are only a few -40k weeks away from completely wiping out your account.

2009 is not a year to swing for the fences but rather merely survive and wait for better market conditions.

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