Neke, how much time during the day do you actually spend in front of your screen focusing on the quotes? Don't you also have a day job? TD ameritrade + intraday time-frame + fulltime job seems a recipe for failure. Seriously, how many trades do you end up just holding all day until you get a chance to exit before the close? Or do you just use automated stops? And were you short RHT this week?
Dude: This is totally fuk'n unacceptable. No such thing "as bad luck" as Trading is a marathon, not a sprint race. Until you learn how to make the transition and get some sort of disciplined trading plan, suffering is your destiny.
you have 200k account and still go down? I feel whether big account or small acoount when the losing streak starts, it is a disaster. whether you will be successful or not, it proves the account size does not really matter. just read through trading traps, people anchor themsleves on the past. do not look at the loss, look at the sunshine side. you will see sunshine, not shadow. stop trading will immediately put you to the neutral ground or no losing position try stop method best luck
Like clockwork, the parade of Monday morning quarterbacks comes out of the woodwork every time neke has a bad week.. A quick perusing of your post history shows well over 90% of your time on ET is spent in the Politics & Religion section. Are you even a trader? (I seriously doubt it)
Are you a trader? I seriously doubt it, asking stupid questions such as the one above. I have followed this person for well over a year on this board, and has a fundamental problem that he/she can't quite get past. Hence the criticism.
I still have my regular job (glad I do ). My work revolves mostly around the computer, so yes I frequently check on the market (switch windows!). I have automated stops on most of my positions these days too, and I have opportunities to close them before close of market if not stopped out. RHT? I am glad my system recognised my short as disallowed strategy and closed it out immediately (shorted 55.20 closed out 5 seconds later at 55.38) or I could have mourned that trade. ------ Update for Week ended 4/6/2012 Flat week, up $150. Withdrew 5K for the month ended 3/31/2012. Still spending time programming my new strategies
Neke's weekly P&L so far for 2012: Week 1: (14,450) Week 2: 8,860 Week 3: (3,770) Week 4: 2,303 Week 5: 7,631 Week 6: (14,717) Week 7: 5,132 Week 8: 9,163 Week 9: 14,371 Week 10: (4,817) Week 11: (19,458) Week 12: 150 Good to see more winning weeks than losing ones. We need to see more 14K+ winning weeks too.
Nice work. Great to hear on your new systems. With your account still frankly quite large, and your job, don't feel too rushed or stressed on getting that system to your account trading live.