With the extremely good liquidity with stock index futures, I can apply most of the technical tools. I do not try to find edge on the company side. Index is a diversified basket. It does not have the company specific noise...
Uhmmmmm....... could you guys not hijack the thread with YOUR opinions. Let Neke answer if he wants to then leave it or start your own thread. Thx
Anyone knows what day job Neke has? He says office job. It is just peculiar that he can do all the company research, watch the market, turn on his auto-pilot trading program, put on and manage his trades and do the trade management. He is a superman. If he puts on a couple of trades per day and keeps an office day job, then it makes more sense. A lot traders trade full-time, but still can't do even 1/2 of what Neke has done. I do not know how Neke manages his trading and life....
Agreed about all the monday morning quarterbacking. OP's gains, if true as reported, are pretty amazing. Although I am certainly more interested to see the specifics of each trade (winning and losing), e.g. entry, exit, quantity, reasoning/logic for entering/exiting. I don't think I can sleep well at night with the kind of leverage this guy has to be swinging in his portfolio, but you also don't make it big if you don't bet big I suppose.
Period Update for May 5/3/2014 - 5/31/2014 (4 weeks) Frustrating month, down 23K (16%). Disappointment in almost all my strategies. Market opportunities were few and far between, but in the meantime kept sabotaging myself trying to get trades. Will be the greatest victory for me the day I can get everything fully automated, and won't have to make any discretionary decision. Of the existing strategies, two require immediate cease-and-desist. Its clear I have to rein in trading in option1 and stock3. I have given them too much leeway even as they continue bleeding. So I am putting a stop on the most discretionary aspects of those strategies: I will work to more cleanly define the trade criteria and automate entries/exits on them. Code: -------------------------------------------------------------------------------- Opening Balance: 146,961 Net loss for period (22,868) ------------------------------------------------ Net Balance: 124,093 For the Thread YTD 2014 (1/4/2013 - 5/31/2014) Opening Balance: 101,037 Net gain 35,056 (Up 35%) Cash Withdrawal (12,000) ------------------------------------------------ Net Balance 124,093 ---------------------- TRADES TYPE Exit Date/Time P/L Stock 2014-05-05-12-38-10 920.9 Stock 2014-05-05-13-02-55 -76.2 Stock 2014-05-05-10-20-15 824.3 Stock 2014-05-05-13-57-09 -1473.2 Stock 2014-05-06-11-27-35 2108.2 Stock 2014-05-06-17-22-36 442.5 Option 2014-05-07-10-29-46 3021.6 Stock 2014-05-07-13-55-08 1806.7 Stock 2014-05-07-10-38-33 2489.5 Option 2014-05-07-10-31-29 2626.8 Stock 2014-05-08-12-36-38 -1681.6 Option 2014-05-08-10-18-38 -4654.3 Option 2014-05-08-10-17-12 -7162.2 Stock 2014-05-08-12-37-53 -2598.4 Stock 2014-05-09-15-31-07 114.4 Stock 2014-05-09-15-21-47 3120.2 Option 2014-05-12-14-37-13 2536.3 Stock 2014-05-13-15-31-03 244.5 Stock 2014-05-13-15-44-09 1904.3 Stock 2014-05-14-09-46-29 -577.5 Stock 2014-05-14-15-51-12 -1067.7 Stock 2014-05-15-10-07-40 1303.8 Option 2014-05-15-15-50-45 -1322 Stock 2014-05-15-13-30-53 -1912.2 Stock 2014-05-16-09-51-32 75.6 Stock 2014-05-16-13-32-04 -915.5 Stock 2014-05-16-13-12-34 -1972.9 Stock 2014-05-19-08-53-19 259.3 Option 2014-05-19-12-42-55 -5427.5 Stock 2014-05-19-14-27-44 -274.1 Option 2014-05-19-12-38-23 -8106.1 Option 2014-05-19-12-37-14 -4984.4 Stock 2014-05-19-15-28-16 -2952.8 Stock 2014-05-20-10-33-12 451.9 Stock 2014-05-23-10-40-31 -2135.3 Option 2014-05-27-15-31-22 13890.4 Stock 2014-05-27-11-49-44 -245.6 Stock 2014-05-28-12-04-53 178.1 Stock 2014-05-28-12-04-55 -2396.9 Option 2014-05-29-15-38-05 -8219 Stock 2014-05-30-09-43-51 162.9 Stock 2014-05-30-13-12-19 -1194.6
You don't have to trade every day. Some of the best trades is not taking the trade if it does not meet your rules. If you can't control your emotions why not stop trading until you get the full automation finished? You keep saying this when you have bad month and then you keep breaking it. You struggle with disciplines big time. I friend of mine that has been trading since late 70's has tried to hammer the discipline thing into my brain for years now. I am taking a long break from trading cause I keep self sabotaging myself with lack of discipline and following rules that he gave me.
Good luck man. One part of trading is definitely is about staying tough and keep on trying. Automation may or may not give you the edge you desire, but dont give up hopes on your discretionary trading. There may always be an angle which you havent looked at.
Better to just stop now. Keep what's left. Many traders have already left the premises, no point "donating" money to whoever's left.