2014: The Battle for Survival

He lost $226K in his first three years? What was his beginning balance?

 

It is in the very first post, 410K.

Between 2004 and 2009 he made 980K. Average monthly was $13611.

For the whole time period from 2004 to today average monthly is $5100.

 

Good old days. shorted AMZN (500 shares @ 12.25) for a day-trade. Wondering how things might have been buying and holding till today. Was really on steroids then seeing the number of round trips.

 

Do the math...

https://www.elitetrader.com/et/thre...der-bites-the-dust.351383/page-5#post-5227710

 

I admire him mostly for his accountability; posting his P&L through good and bad times.

 

Period Update 10/04/2020 - 01/02/2021
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Flat quarter, down 0%

Not much to write home about, just a quarter to forget as I close a flat year

Code:

For 2020

Starting Balance: 123,272  Cumulative P/L: -84
Start Date  End Date  P/L  Withdrawal  Closing Balance


2020-01-04  2020-02-01   8,384    0       131,656
2020-02-01  2020-02-29  -52,889   1,450    77,317   
2020-02-29  2020-04-04   25,925   0       103,242
2020-04-04  2020-05-02   1,949   -3,100   102,091
2020-05-02  2020-05-29   17,774   0       119,865
2020-05-29  2020-07-04   16,069  -2,000   133,964
2020-07-04  2020-08-02  -24,110   0       109,854
2020-08-02  2020-09-06   4,342    0       114,196
2020-09-06  2020-10-04   2,522    0       116,718
2020-10-04  2020-11-02   23,378  -10,000  130,096
2020-11-02  2020-12-07  -28,466   0       101,630
2020-12-07  2021-01-04   5,038    0       106,668

 

It appears as though you lost a bit over $13,000 for the year. Sorry for your loss. Assuming you are still holding your high 5-figure job, you can likely deduct this loss from your taxes and recoup up to half of it hopefully, helping to mitigate the pain. I don't know your financial situation exactly... I'm just pontificating, lol. Best of luck in 2021.

Math_Wiz

 

At this point it's probably fair to assume that trading the current methods is not working for Neke. Best to either change the approach completely or start investing in other ways. We get attached to our systems because they worked once and a lot of work has gone into it. The market does not care about any of this. I suffer from the same problem.

 

Out of the 3 of us, at least 1 can't do math.

P/L=Ending bal. - Starting bal. + Withdrawals

He lost about 3K for the year. Or app. -2.72%

 

Not sure how I came up with my original $13,000. Lol. But yours isn't right either.
The math is 123,000 - 106,500 (16,500 drawdown) - 16,500 withdrawals = breakeven, like he said.