To neke's credit, he's about at his maximum drawdown. He'd need to compound about 11% weekly to get to his target. An impressive feat, to be sure. Come on, Neke, you can do it! We'll definitely have to wait and see what happens in the next several months. My bet wouldn't be on a positive year, and certainly nowhere near $3.5 million. 1.45% weekly will get him back to break even by the end of the year when 2% monthly is all private equity asks for.
Don't get me wrong, I believe everyone is entitled to express an opinion on a forum, it is futile to go on and on with screening people's good or bad criticism, However, there is a certain point in which a responder is ceasing to simply express his opinion, and stating to hijack the thread. instead of giving us your "humble" opinion leaving some space for other people to have their fair weight of response and feedback to neke, you are exhausting any interest from this post by expressing your own opinion repeatedly. I think most people now understand your position, I think most of them disagree with you, and seriously question your experience as a trader. (Personally, I find your posts irrelevant) this is not your journal, Please, do give your opinion from time to time, but have the respect to leave the center of attention to the thread's creator. After all, this is his journal. Individuals visiting this post are more interested in what he has to say, and care much much less for hearing your VERY unsubstantial criticism over and over again.
This forum is filled with individuals who assume the role of a Messiah figure. They would go out on their four limbs to "mentor" others even when their advice was never solicited in the first place. When this is challenged, they always become defensive by stating how the OP is down and out in the gutter for the year and their help is absolutely critical for one's salvation. When all is said and done, they would remind you in no uncertain term that this is a "constructive criticism". Mama, put my guns in the ground I can't shoot them anymore. That long black cloud is comin' down I feel I'm knockin' on heaven's door. Knock, knock, knockin' on heaven's door Knock, knock, knockin' on heaven's door Knock, knock, knockin' on heaven's door Knock, knock, knockin' on heaven's door --Bob Dylan <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/rhCM88LhoW0&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/rhCM88LhoW0&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
Neke, On the first page of your journal you mentioned splitting your account. Have you given that another thought now as a possible measure to reduce overall capital risk? For example 1/3 stays in your original strategy, 1/3 goes to strictly automated trading, and another 1/3 that follows your most conservative strategy possible, etc This way you can continue your current style of trading that you feel comfortable with and also possibly protect your capital from excessive volatility, and at the same time you can use the performance of your sub accounts to evaluate your approaches. Just my 2c.
Journal Killers You should be proud !!! Looks like Neke stopped posting. In the widely viewed journals there definately should be some moderators deleting off topic posts , (especialy people having an off topic argument) . This might avoid interesting journals being terminated by their author.
Neke, May I ask why you chose to trade options on SPY. This makes little sense, since options are very pricy over time and you could simply use YM if you needed the leverage. Also, at your sizes, it would be wise not to trade single equities: Look at MTXX, one bad new release out of nowhere and you are in for it big time (especially with large sizes): http://stockcharts.com/h-sc/ui?s=MTXX&p=D&b=2&g=0&id=p52275587445