neke, Please set a good example for us (for me actually), I don't want to struggle in 5 years. I want to trade on a tropical island in 5 years and make money consistently. On a second thought, I don't mind a coastal city in Florida, Internet connection is more reliable than a tropical island.
What is going on Neke? Every week I check back to see big numbers from you. Go back to basic to get your mojo back. I know you can do it. Goodluck,
Neke, I think your day job doesn't mix with this "fading" style trading, especially against those that do this full time. Why not swing trade a small part of the account? Even in this market there are some sector trends out there. Or design a system that trades supports and resistance levels? Next week a new week..
Weekly Update for week 11 ended 03/28/2008 A positive week, up 8K (8%). Racked up some gains in my automated strategies, coupled with a net positive on my discretionary trades. No stand-out trade, but determined to play with consistency and according to the plan. With one trading day left to round up the first quarter, it is appalling that I am just barely positive (+5K). The bigger winner has been my broker (up 8K on commissions). Glad though some good foundation has been laid for a solid Q2, as I have determined rules to cut down on non-profitable strategies which have been a drag on my performance. Code: Balance B/F: 99,679 Net gain for the week 7,961 ------------------------------------------------ Balance C/F: 107,640 Number of Trades 18 Number of Profitable Trades 10 Since Inception of Thread 01/13/2008 - 03/28/2008 Balance B/F: 102,615 Net gain (Less Margin Interest) 5,025 ------------------------------------------------ Balance C/F: 107,640 (Up 4.9%) Number of Trades 214 Number of Profitable Trades 123 Expected Balance at this time to be on track for Year-End Target : 176,279 Status: Behind Target (Based on adjusted balance before withdrawals) Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAINS/LOSS TYPE MA 2008-03-24-09-59-35 2008-03-24-14-50-20 500 109480 113460 3958.86 SHORT -------------------------------------------------------------------------- MON 2008-03-25-09-38-36 2008-03-25-10-38-16 1000 115608 113400 -2229.2 LONG
In some of these names, I do sometimes short when I think the move in the short-term is extreme, in anticipation of a reversal.
Thanks for posting neke. I don't know where you are in your trading journey ... Last year you rode the market like a wild bronco, making spectacular moves in one moment only to get tossed over the rail the next. Now you're like a man who is learning how to trade again. Taking everything step-by-step in a slow, methodical fashion. ... but it's interesting to watch and see how your growth as a trader continues. Good trading.