That's what confuses me the most...staying on a sinking ship. How about throwing away everything and making a new edge? If one (he) truly knows what one's doing, what' the big deal in building a new system and being able to recognize your new "holy grail" when the results come on your screens? Seems like fundamentally a problem of stubbornness and/or lack of ability in building and identifying proper edges. The latter would mean his original edge was a semi curve fit system(s) that has burned through it's prime. But what's the use...he won't listen. Just destructive (not constructive) remarks by weenie unemployable former high school football player (or football player wanttobe) types who have never heard of Rector Street and are potentially still paying off their community college. Why no comments or listening neke?
Seems like you've typed that same response in Neke's threads 20 times. I dont see how he cant learn after taking the same 15k smack in the mouth multiple times.
To quote Van Tharp: "We typically trade our beliefs about the market and once weâve made up our minds about those beliefs, weâre not likely to change them."
Weekly Update for week 7/50 ended 3/2/2012 OK week, up 5K. Collected some nice gains Mon-Thurs, above 10K, but gave back a good chunk of that on Fri. Seems to be the pattern lately. Still wondering why it has to be so. An explanation might be the slowness on Fridays and the dread of an inactive two days thereafter is making me put on a trade, regardless of quality, and regret soon thereafter as the necessary homework is not done. Will ponder what to do to fix this. On another side, I have readied my automation to recognise and close out averaged-in trades, to put in place from next week. Took out 6K from the account for the month ended 2/28/2012. Code: Opening Balance: 183,012 Net gain for the week 5,132 Cash Withdrawal (6,000) ------------------------------------------------ Net Balance: 182,144 Since Inception of Thread 01/18/2012 - 03/2/2012 Opening Balance: 203,729 Net loss (9,585) (down 4.7%) Cash Withdrawal (12,000) ------------------------------------------------ Net Balance 182,144
GD, 182k, didn't I tell you the drawdown was not over with? You know if you spend it, it's gone? The loss with withdrawals will amount to more than $150,000 less than where you're at today if you don't get rid of your flawed TOS TD Ameritrade simulator that negates your options edge even if you are right about the relative direction of the stock it doens't necessarily correlate to a profitable trade in options, and you need to do more research in your backtesting than blindly trusting the irrelevance of a dangerously, inaccurate simulator. If you're ignorning this fallacy, then you deserve to lose. I'd be complaining to TD if they were giving me a profitable backtest and the results weren't as such. Take some intellectual assumptions and explain them to TOS, because the strategy is not winning because it doesn't have as profitable a backtest as you are assuming.
could you just stop posting and diluting Neke's thread here? Your posts are getting extremely annoying and other than bashing and criticizing in nonconstructive ways I see nothing where you add the slightest bit of value. Please set up your own thread and stop high jacking others'. Serious request!!!
bo is just neke's personal little stalker with issues. Just ignore him. neke does. Also, stop quoting him. Some (many?) of us have him on ignore and don't want to read his drivel.
WTF is up with all the neke cheerleaders on here? What have you learned? I will give you one, high stakes poker. You call this trading?
WTF is with all the neke haters on here? He's just posting a weekly journal of his trading. He doesn't give a crap what advice you or others may or may not have for him. Just sit back and watch it. No one ever said he was going to give anyone trading tips or lessons.