an avg guess would be 9 or 10 out of 12 exp are up,but those 2 or 3 ,fade the open,happen ,friday was one
I think you are quite an ignorant Man...Have you ever thought that maybe markets in past few months may not be very suitable for Neke's method. But in future he might again have one of those 500% returns. One year is TOOO short a TIME to pass Judgement...... RK
If the market is not suitable for his strategy, then he should pack it in and wait for better opportunities. Churning commissions and taking on crazy volatility against stacked odds is a ridiculous notion.
I'm not ignorant but an objective observer not a praise singer like some here. In reality the past few months have presented some of the best and simplest trading opportunities ever as many markets have been one direction run away markets. As I said I don't need to know Neke's method. His statistics speak for themselves an I'm trying to put him down. Think about 300K & 400 trades and you can't make money and you tell me there is nothing wrong he should just continue without re-evaluating. 300K is sufficient liquidity to carry out any strategy in any market/s and 400 trades is enough a sample size to indicate if you gonna make money or not. Does he need another 400 to know whats wrong and resolve the issue. Making 15k this week and then losing 20k the next day is no way to trade no matter what method. It adds more value to make $1000 every week and lose $200 on a bad day. Stay objective.
hahahaha. thanks for the insight. Most people are not retarded, you don't need to tell them things aren't going well when things aren't going well. I'm sure Neke is well aware of his struggles and continuing to make adjustments to his strategies. Do you have any specefic suggestions other than to "make $1000 every week and lose $200 on a bad day"?
This is What I did Last year with my strategy. I stopped running nightly order generation just because for past 7 months my short term strategy just generated more than 300 trades with no profit...and While I was sleeping....there was a 40%+ month that I missed.. I think the worst time to abandon a strategy is when it is in Drawdown.. I hope Neke Keeps confidence in what has taken him so far...Best of luck to him..
Weekly Update for week 20/50 ended 5/27/2011 Moderately negative week, down 2K (0.6%). Now basically flat at where I started the thread this year. My broker is much richer from these trades (+32.5K in commissions). For the week, +6K from automation, -8K from discretionary. For the poster that thinks four and half months of break-even means you should stop trading, I would say I should have stopped like a year ago based on that. Yet for all the painful trades, the balance has grown from 264K the corresponding week-end of last year (May 23) to 336K now. Adjusting for the 30K withdrawal, that is +102K (39%) from a year ago. Not great, but certainly positive. There is something called keeping the edge sharp. That comes by being involved in the markets, not by being on the sidelines. I would have no incentive to keep improving if there is nothing on the line. Like ehsmama has responded above, the great opportunities do not come with a siren. Code: Opening Balance: 338,098 Net loss for the week 2,060 ------------------------------------------------ Net Balance: 336,038 Number of Trades 21 Number of Profitable Trades 10 Since Inception of Thread 01/8/2011 - 5/27/2011 Opening Balance: 335,899 Net gain (Less Margin Interest) 139 (Up 0%) ------------------------------------------------ Net Balance 336,038 Number of Trades 411 Number of Profitable Trades 221
I added a new rule to my strategy. Don't trade at StarBuck's. I had a power issue and went there to trade. Big mistake, that was my only losing day.
latest vegas odds say he will have lost at least 30% of his acct by yr's end. this should be interesting to watch..