No sir, I am not asking for too much, read my post again: "...Not the full details, just an overview" You state: "Be happy with the results he kindly shares, and do your own research and develop your own system...". That is exactly my point, how can you do your own research so as to emulate his 'success' if you haven't a flipping clue how he trades! Is he buying or shorting stocks or both? Is he buying or selling calls or puts or both or some fancy combinations - naked, straddles, gamma scalping etc? Like I already stated, I am not asking for details, just which method so I can base "my research" like you mentioned, on it. Also, it would not be too much too ask that people actually read someone's post and understand the person's question before responding with gratuitous remarks. I really don't give a toss whether he want's to take his secret to the grave and not share it with anybody, or not. For every person that do not want to share the 'secret' of their 'acclaimed success', there is another person that is quite willing to share.
Botpro made a good point danjuma, you need to find your own method, not try to mimic someone else. Most journal threads people don't reveal how they trade, not even the type of trading they do and they shouldn't. If you don't care whether neke shares or doesn't, why are you here and why did you even comment? Your comments are a complete waste of time and just spam the thread.
Neke explained several times his method, for example on Aug 4, 2014 he wrote: http://www.elitetrader.com/et/index.php?posts/4006558/ danjuma should first research the archive as there are countless postings of neke available going back at least to 2007, that's 9+ years... And ET has a nice search function for researching in the archives...
The point is to keep track of his performance, he often adds his thoughts on what he did wrong...or right. It's most likely just for himself but since it's public, he probably thinks the attention will affect his bottom line favorably. It's not like many people here could or would help him with his methods anyway
Period Update for March (03/05/2016 - 04/02/2016) (4 weeks) Forgettable month, down 37K (14%). Somehow managed to make what would have been a boring month remarkable. Much of that happened on the 15th of March. Shorted a stock at 56,covered at 51, making 10k, and when I saw it at 50 thought it was overdone, bought then. As I saw it continue downward, shut off my machine and doubled down again and again in stocks and options, exiting with the stock at about 36. You probably know what stock it was. Lost 44K on the stock, and another 26k on the option. Another revenge trade on the same with size paired the loss by 27K. At the end of the day, I realised I had to do something urgent as I was afraid what might happen the next time. Quickly signed up for a remote server and ported my system out of my house - and limiting greatly ability to turn it off. Hopefully this will be the last I write of this uncontrolled impulse to shut down system and go on a tilt. Code: -------------------------------------------------------------------------------- Opening Balance: 261,450 Net loss for period (36,712) ------------------------------------------------ Net Balance: 224,736 For the Thread Year 2016 (1/1/2016 - 4/2/2016) Opening Balance: 203,449 Net gain 31,287 (Up 15%) Cash Withdrawal (10,000) ------------------------------------------------ Net Balance 224,736 ---------------------- TRADES TYPE Exit Date/Time P/L STOCK 2016-03-08-15-48-07 -5324.8 STOCK 2016-03-08-10-11-26 2151.8 OPTION 2016-03-09-13-47-56 115.4 STOCK 2016-03-09-12-20-27 820.8 OPTION 2016-03-09-13-35-34 1366.7 STOCK 2016-03-10-11-19-58 2539.2 STOCK 2016-03-10-12-41-14 3173.6 STOCK 2016-03-10-15-47-08 -1416.9 STOCK 2016-03-14-08-44-44 -5587.5 STOCK 2016-03-14-15-57-01 -7825.4 STOCK 2016-03-14-11-56-30 711.8 STOCK 2016-03-15-09-39-16 10189.6 STOCK 2016-03-15-09-46-41 589 STOCK 2016-03-15-10-51-37 -123.6 STOCK 2016-03-15-12-05-16 -44151 STOCK 2016-03-15-10-51-16 1338.5 OPTION 2016-03-15-10-38-34 1955.7 OPTION 2016-03-15-12-05-49 -25656.3 OPTION 2016-03-15-15-38-34 27591.8 STOCK 2016-03-16-13-47-20 2931.9 OPTION 2016-03-16-14-08-19 10440.4 OPTION 2016-03-16-10-06-52 -2984.8 STOCK 2016-03-16-15-49-31 -109.6 STOCK 2016-03-17-10-33-29 3678.6 STOCK 2016-03-17-10-25-12 641.6 OPTION 2016-03-17-10-37-41 -2656.3 STOCK 2016-03-17-15-49-08 -596.3 STOCK 2016-03-17-10-54-00 2394 STOCK 2016-03-17-15-55-13 1051.6 OPTION 2016-03-18-10-40-26 -16683.2 OPTION 2016-03-18-10-58-47 -14492.9 STOCK 2016-03-18-15-41-41 -545.6 OPTION 2016-03-18-15-03-24 -3634.4 OPTION 2016-03-18-15-18-19 -1110.5 OPTION 2016-03-18-15-38-24 2409.9 STOCK 2016-03-18-14-28-42 3537.2 STOCK 2016-03-18-14-00-42 7061.7 OPTION 2016-03-21-15-20-56 538.1 OPTION 2016-03-21-15-15-56 7598.8 STOCK 2016-03-21-09-53-20 156.1 STOCK 2016-03-22-11-48-54 -6352.3 OPTION 2016-03-22-10-47-06 -7309.3 OPTION 2016-03-22-11-33-55 -7081.8 STOCK 2016-03-22-15-52-26 -4253.4 STOCK 2016-03-23-09-34-51 -2197 OPTION 2016-03-23-09-53-42 -5375 OPTION 2016-03-23-10-58-41 12058.2 STOCK 2016-03-24-11-00-15 3919.7 STOCK 2016-03-24-15-26-00 4077.9 STOCK 2016-03-28-09-35-43 1108.4 STOCK 2016-03-28-11-56-20 -1864.3 STOCK 2016-03-28-11-21-50 3534.6 OPTION 2016-03-28-15-51-12 -4051.4 STOCK 2016-03-28-15-55-18 342.4 STOCK 2016-03-28-15-52-09 -352.6 STOCK 2016-03-29-10-28-17 1994.2 OPTION 2016-03-29-10-27-43 4465.3 OPTION 2016-03-29-11-09-40 -275.3 STOCK 2016-03-30-09-39-05 3876.1 STOCK 2016-03-30-11-48-40 -16.6 STOCK 2016-03-30-11-47-51 282.8 STOCK 2016-03-31-10-08-57 4567.1 STOCK 2016-04-01-11-41-05 -2424.7 OPTION 2016-04-01-11-11-59 -7641.1 OPTION 2016-04-01-12-33-26 10167.9
You sir are an Enigma considering how well you've done over the years.. ... Imagine a neighborhood where a guy is seen running at full speed down the street, like he is being chased by something.. He is running away from his house so he doesn't commit trading crimes.. Thanks for the laugh!.
50 to 36!? your single biggest flaw is risk management, or the lack there of if you considered the risk/reward before getting into a trade, last month wouldn't have ended in a loss
Trading is a lot like golf. It may be the best analogy that I can find that relates another activity with trading. Like trading, it is a solitary sport. The biggest similarity I see is the importance of avoiding disasters. The Big Miss. You can be the best golfer in the world for 16 out of 18 holes, but if you make a mistake and go on tilt, lose your mind, and put up a triple bogey in the other 2 holes, you will not win. Just like trading. You can be the best trader in the world on 9 out of 10 days, but that 1 day out of 10, or even 1 day out of 20, where you lose your mind, go on tilt, chase losses, revenge trade, and act on raw emotion and not calculated logic will blow away all your gains, and if taken to the extreme, the point of no return where your capital is crippled beyond repair. Remember, if you blow up and lose 90% of your capital, it takes a 900% return to get back to even. Trading is unforgiving of big misses. Unlike golf, they ruin careers, not just a match. http://marketowl.blogspot.com/2016/03/the-big-miss.html