I'm OK. Superbusy with office work even on a week-end, and no encouraging result to report (down 8.5K)
Not true. Plenty of reason to worry. He still doesn't have a solid risk management plan in place...as proof by his most recent results. His losers continue to outpace any of his gains exponentially. This will not end well under the current state.
The risk management issue is practically irrelevant. Neke does not have an edge, so no amount of prudent money management will ever make any difference if his systems aren't making consistent monthly profits, let alone weekly. There needs to be a new meloo when it comes to determining the right conditions to take a trade.
Sorry bwolinsky but it has been proven long ago your distorted view of logic in trading is flawed... u continue to validate it by your posts. The # 1 reason Neke has failed and suffered the drawdown is indeed poor risk management. Until this is mastered.... strategies are moot. He is a ticking time bomb...the perfect strategy w/o solid risk management is an exercise in eventual futility.
If 96.5% win percentage and 0.5 win loss ratios is flawed logic, I believe it is you who proves how illogical it is to say that I have a distorted view of trading. That's idiotic. Neke has failed and suffered drawdown due to poor trading. This has nothing to do with risk management, he doesn't have a profitable system, and if the statistics above across thousands of trades and any interval or futures symbol shows how flawed my logic is you really do not know anything about trading. Neke's failing because his trades aren't profitable. If you look at risk management as using a certain set position size each time he's probably doing that but risk management does not produce profitability, the strategy you're trading does, and as far as my stats, they look like Madoff's only mine can actually be done without any forgery.
bwolinsky we have gone over your ridiculous stats before. U have been set straight numerous times by various posters on your flawed logic of your delusional nirvana hypothetical system. Your delusions supercede all rational thought process. Enough said to discredit any opinion u have here. Go back and historically look at Neke's win loss ratio. Look at the profit he has made on trades over the long haul. He has no risk management. This is what has put him here. Enough said. Continue on with your delusional rants about your own stats.
I don't have any problem with you, but going back and looking at his trades from what's probably many different versions of a variation on a theme doesn't change the fact that if you're not making profitable trades, then this is why he's losing, not because his risk management is off. Earlier on everybody pointed out how overleveraged he was but he learned his lesson, and when it comes to nirvana if trading 4 symbols makes millions, trading 60 definitely will.
Neke, I hope you're making money this week, but you should call it in if you're down at this point and give it to professionals. That's as close to individualized advice as I can possibly come. http://www.elitetrader.com/vb/showthread.php?s=&threadid=230431&perpage=6&pagenumber=2