Gotta love a place when they cheer and believe ya when you lose and call you all kinds of names when you win. Nothing personal here - just seems to be the overall attitude - believe ya when you say your losing and think the worst of ya when you say your winning. (except maybe geez's thread).
Everyone has been down the road of suffering losses. We wouldn't anyone shitting on us if we were being honest about it, so we aren't going to shit on neke (well, most of us at least). The second comment is a lie. If you're a winner and prove it, we will celebrate and admire you (well, most of us at least). But if you claim to routinely get 3x the ATR and never think you have to prove it, you'll be rediculed and hounded. Pretty damn simple, eh?
Weekly Update for week 21/50 ended 06/06/2009 The slump continues. Down 15K (5.7%). The emphasis has been taking the automated set-up alerts, with minimal size (about 20% of what I would normally take with my pure discretionary trades), and was having a flattish week - until Friday. Saw the market opening up strong on Friday, and decided to be adventurous. Bought 300 SPY calls, and witnessed as the market collapsed thereafter. Got out less than 30 minutes later, down 15K in stock and options. Will continue my automated alert route, and make limited purely discretionary trades. Code: Opening Balance: 261,199 Net loss for the week -15,062 ------------------------------------------------ Net Balance: 246,137 Number of Trades 22 Number of Profitable Trades 13 Since Inception of Thread 01/10/2009 - 06/06/2009 Opening Balance: 320,064 Net loss (Less Margin Interest) -73,927 (Down 23.1%) ------------------------------------------------ Net Balance 246,137 Number of Trades 496 Number of Profitable Trades 311 Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE NKE 2009-06-05-10-01-51 2009-06-05-12-08-41 6000 351027 353764 2707 LONG ---------------------------------------------------------------------- SWGFQ 2009-06-05-09-33-21 2009-06-05-10-00-16 30000 65400 52200 -13672 SPY CALL