2012: The Battle for Survival

Its not too bad, just living below the surface (100K) and gasping for fresh air as someone has noted. Hopefully will be back up before long.

 

No, they get the thrill from playing. The joy is playing. That's why gamblers don't quit when they lose.

 

Wish you the best, but hope can be a dangerous thing.

 

ummm.... blow-up?

 

"Trading a small account and living off of it at the same time is like eating your own fish bait." -- Ed Seykota

 

A classic as well as very profound quote from one of the most successful of all time.

 

$400,000 account is not small

He was just not consistent. How many of you are?

 

Neke is a family man with expenses, anything less than $1million is small if he needs $60K+ a year just to meet living expenses. Especially in this time when brokerages dont pay interest on overnight cash.

 

Dude, read the fucking journal, will you? It got small by the time he reached 100K... He went below 100K AND taking out 5K a month, before stopped posting. That is a 40K account by year's end, if you are just breaking even...

And unfortunately he was very consistent, just not about winning....

 

Case study in how traders stubbornly let the market chew them up and spit them out.