Correct! What Neke needs to do is to realize that if he switches brokers, he will increase his yearly PL by 30-50% immediately without any risk. So, this is like a zero-risk trade with a guaranteed huge return. Of course, he will have to re-tune his infrastructure for IB or MB Trading. But the benefits of making the switch from the long-term perspective in my eyes are huge!
The immediate action is to reduce non-essential trades, especially the option trades. Those cost a lot in commission and slippage. My model calls for about 30 option trades in a 6-month period. I have no business doing 140. Most of those were in the earlier part of the year, before I refined my option strategies - and am still doing.
It's about $25,000 per year for a one man shop. There are very few really who trade. Robotic technology has replaced the inefficiency related to illicit tactics in the trading pits to manipulate the price. Those tactics aren't possible in cybercurrency, but just finding 20 active traders is really hard. Dormancy will occur if there isn't positive expectancy, and that's where I'd put these threads, neke. Go pay for some large family expense if from $600k to wherever still isn't sickening enough, I lost just because of too much trust, and I was probably one of the best performers before PFG but negligence and tacit fraud just comes down, unfortunately I gave it a good shot and there's nothing I really can do than continue trading. We've mentioned to give this up for some time, and do some research, yes that means coding original quantitative algorithms not copied off your schmo ameritech helpsite.
Period Update for weeks 26,27,28,29 (6/29/2013 - 7/27/2013) Glad to announce that I am once again above the surface (six figures). Slow but steady gains the past four weeks. Still lots of work in progress to perfect the man/machine partnership and completely halt deviations. All in all, delighted in the direction taken. Code: -------------------------------------------------------------------------------- Opening Balance: 92,698 Net gain for period 11,227 Cash Withdrawal (2,500) ------------------------------------------------ Net Balance: 101,425 For the Thread Year-to-Date 1/6/2013 - 7/27/2013 Opening Balance: 83,156 Net gain 32,669 (Up 39%) Cash Withdrawal (14,400) ------------------------------------------------ Net Balance 101,425 ----------------------
Weekly Return Code: Ended P/L 11/01/13 -1732 18/01/13 -3656 25/01/13 8648 01/02/13 -531 08/02/13 2794 15/02/13 5213 22/02/13 -5209 01/03/13 3253 08/03/13 -2352 15/03/13 -1932 22/03/13 2408 28/03/13 -3030 05/04/13 -4689 12/04/13 236 19/04/13 -3073 26/04/13 9116 03/05/13 -2712 10/05/13 3332 17/05/13 6009 24/05/13 12268 31/05/13 -4624 06/06/13 -3285 13/06/13 -1655 21/06/13 3519 28/06/13 3125 05/07/13 253 12/07/13 6502 19/07/13 711 26/07/13 3760
Good Job, let's keep it going!! So are you going to post weekly now that you've cleared the 100k mark again?