Why couldn't this jackass neke have an adjusted balance for withdrawals? Clean your posting up. reading comprehension....pfttt
Not defending bowlinsky in any way cause i really don't care for his posts but regardless of what you have done in the past, it is exactly that, THE PAST. You obviously knew what you were doing back then but are failing to recognize the market has changed and has killed your edge. It's happening to A LOT of traders, probably more then you can imagine. Learn to adapt.
These people just like to kick people while they are down. Never knew there are withdraws? Even me who casually following neke know about it. neke posted his past because of bwolinsky. It is one thing to recognize old methods don't work. It is another thing to come up with new, workable strategies. If it is that easy to come up with new edges, neke will be putting new cash into his account and swing for the home run.
Taxes are a bitch. If I just counted gains - withdrawals for my trading between 1999 and 2005, I'd still be able to to claim a 1000+% return, that I was still "up" vs the market for that period. I never gave back more than 30% of my total peak gains, but after paying the govt, and spending what I thought I deserved to after "making it", I had 0 left to show for it by 2005. Yes I was still "up" huge vs the house overall, but I was dirt broke by the end. This is what having a perceived edge, and then losing it, can result in. You can't hide behind past figures, ive been there before, you need to be honest about where your trading stands now. And be thankful u still have ur day job Neke, this is not going to be an easy hole to crawl out of.
My apologies for being cruel. I'm disappointed at neke's inability to listen and change himself. I want to somehow get through to him what he needs to do. It amazes me how he passes up golden information that could change his life forever the same way it seems to amaze him that he's losing money.
strategies come and go come and go. nothing performs consistently for too long especially in the current market environment. did you just say swing for the home run? if one is building strategies around this thought process, good luck.
Weekly Update for week 19/50 ended 5/26/2012 Moderately positive week, up 2K. Still hurting from last week, but any green is some relief. Code: Opening Balance: 147,402 Net gain for the week 2,060 ------------------------------------------------ Net Balance: 149,462 Since Inception of Thread 01/18/2012 - 05/26/2012 Opening Balance: 203,729 Net loss (31,267)(Down 15%) Cash Withdrawal (23,000) ------------------------------------------------ Net Balance 149,462
I see he finally to put a cumulative running balance reflecting withdrawals. So, the confusion should clear up on that issue. The next question, is "can this guy profitably trade in the current environment". And to the cheerleaders........you are no more useful than the critics.