Neke I been following for years and really like the way you trade. But You always kill it in down markets. Slow grinding up trends get you you . As soon as S&P drops 10% you will provide an update showing you made 400k in profits.
This is exactly what Neke needs, a good analysis of his trades. Maybe Jajuanm is right and he shouldn't trade in uptrending markets. My favorite example is Don Miller, who showed that on average, his worst days were Mondays and he could have made like 20% or so MORE just by NOT TRADING on Mondays. Not to mention getting an extra day off. Sometimes the solution is that simple... So Neke, you should let someone take a hard look at your trades with an objective eye and figure out what has been going wrong in the last 8 months....
Day of week analysis is mostly useless. One year the worst day is monday, then tuesday and so forth - it's not consistent. Even the most faithful who've analyzed this effect to pieces have eventually given up on it. Neke's style is big gains and big drawdowns, always has and seemingly always will be. You really can't have that many 40-50% up months without taking on significant risk and the drawdowns that come with it, unless you're some big outfit that's diversified into 300 strategies.
Depends on the trader, but that was just an example. I think Jaju was into something, although he was incorrect in his analysis. It isn't the slowly uptrending market that kills Neke's profits but the sideways consolidation. Let's put the market's and Neke's performance charts next to each other. What do you see? Is there a correlation? Neke's volatile performance that pretty much didn't go nowhere started back in last November. That is also when the market started to go sideways. And they have been the same since then. The same with the 2013 Jan-Maj timeframe, specially the Nasdaq, didn't go anywhere, neither did Neke make money. Again, 2014 Febr-June, both performances are flat... Anyhow, I am just trying to help. Obviously something hasn't been working, the tricky part is finding what is it.
There is nothing wrong, such swings are consistent with the size neke is trading. If he can make 33% in a month then losing it in another shouldn't surprise anyone. Imo one is bound to blow up sooner or later trading with such high leverage, an abnormally long streak of losers is all it takes to destroy your account.
It's not so much an analysis that is required. Coming up with more rules wouldn't help if you cant keep them. How could a 2% adverse move on a couple of stocks result in a 33% plunge to my account if not for throwing all rules out the window - on a day my system didn't work (internet connectivity) and I had the freedom to hang myself.
Long time ago I advised that you hire someone and only put through trades if it is OKed by him. Or even better, he would execute the trades and making sure the rules are followed. Also helps if you have connectivity issues, 2 places to execute trades from... But anyway, it looks like you know what the problem is, just can't solve it.... At this point if I were you I would go to C2, pick 3-5 systems, spread my money among them equally and let them do the trading for you...
Neke, I have followed your threads for a few years and have usually remained as a lurker but seeing this really brings heartache to me. I am trying to figure out my trading as well and knowing that you're successful tells me that it's possible. I have a good paying job but my passion is trading. Seeing that you're account is down 37% or so on a few stocks that is really scary. Obviously, you know yourself best but these swings looks so detrimental. Do you even use stop losses, like a hard stop? Best of wishes to you. I'll continue to lurk now.
I like Pekelo's idea of hiring a trader. There are dozen's of young guys on this site that would love an oportunity like that. Pay him a percentage of profits quarterly. Or what I was thinking: Do you like the action, the buzz of trading? Open a small trading account and use that to gamble , and use your main account to only make systematic, disciplined trades. Or go to a casino every saturday, take $500 and martingale. Anyway, Good luck.