Maybe Neke ignores me. He can follow that advice but it is a simple equity position sizing that he should stick to, and if he wants to go leveraged it might be time to try trading some ETF's and quit the non-linear options trades that probably had some element of good timing but there's so much more to take into consideration than just where a stock might be going because you can be completely correct about where it'll go but if it doesn't follow the path that you expect it to get out. Neke, you need to trade the NASDAQ100 and recognize you have no edge. Your trades will be synthetically enhanced by good fundamental analysis because you haven't done any, and building good watchlists will benefit you in so many ways in addition to cutting off sizes that you shouldn't be trading anymore. Come on, man, what do you think? I've seen it every time, and I know you backtest things so give it a shot. If you need a symbol list for the NASDAQ100 I can give you one. Is it really going to hurt if you don't do any trades in a month but wait for your setups, maybe optimize on the new data because I think your watchlist is way too big and I don't recommend anymore than 100 symbols but I don't even know how you could possibly trade more than that. Is your model at the broker?
I've wondered many times when he stopped reporting his trading if he shouldn't have just quit this approach. I don't know what he gets out of this other than putting his results onto the cloud, but I wonder how this helps him because I don't see that it does.
By my count that would be the sixth journal thread that Neke would have started. Bearing in mind the dark days of 2011, I can only go with: "2012: Episode VI: Return of the Neke" Yoda: No more training do you require. Already know you, that which you need. Luke: Then I am a Jedi. Yoda: No. Not yet. One thing remains. Vader. You must confront Vader. Then, only then, a Jedi will you be. And confront him you will.
I like Zzoom's so far and here's mine sticking with the Jedi theme: <b><i> 2012 Part VI: Revenge of the Neke </b></i> Return was taken wasn't it. Shit, revenge is more suitable than return since return was guaranteed, neke's out for blood. I forget the Yoda quotes about vengeance so maybe someone will fill that in for me.
<b><i> 2012: The Neke Strikes Back </b></i> From my perspective neke is the dark side, taking too many discretionary trades and running his capital into the ground by overleveraging his options and stock positions. He also doesn't ever respond to me.
Not if the plan's contributed to an additional 30% drawdown since inception. That's probably an indication to quit.
It is a good idea if it was working, but there is no edge since Neke went to all automated, so is that why you don't think it's a good idea? I think it's a good idea in general but not the way Neke is trading.
Neke, it all comes down to Risk & Money Management. I would say, the above statement is the last resort a traders arrives to when his account is battered and down, or totally wiped out. I would also say that all successful traders have a few blown out account in their baggage. Need not to be the the end of a trading carrier at all. In fact, it can be the other way around, the beginning of a new phase, when a trader realize that money management is the missing link in order to become a successful trader. It can totally turn around ones bad trading habits, like over trading, emotional trading, no stop loss at all or no exit point. I could go on forever stating bad habits we all have and are facing in our daily trading sessions. A trading plan is very good and is of course needed, but if it does not include a strict risk and money management system, it will for certain fail. You need to find a RMM system that works for you, rules that you follow 100% of the way. This can be the last building brick missing, in order to get the edge needed, that tips you over to the winning side. Try out this free software that I have been using for the last couple of month. It has helped me get the emotional part out of my trading, and at the same time kept me from over trading. It has restricted me from using those bad trading habits from the past. Safe trading and take care.