Taking 320K to 3.5million by Year End 2009

Hate to intrude, could someone tell me how to include my attachment file as an image as neke has done in his last post?
thanks

 

We are "Elite" traders, niteowl.

Neke's performance this week was "less bad" than the prior week.

As all truly Elite traders have learned this year, "less bad" means green shoots are on the way.

 

the amount of confidence you must have to stand those swings.....incomprehensible to me. You have one hell of an edge to run at this level.

 

Hit the quote link (lower right) and follow the HTML code in the quoted msg.

 

I just have another question. Could you go over the AMZN option trade that you made last Friday? it seems at the time you sold the calls, the time value dropped approximately from 4.28 down to 3.68, even though the premium went up to 4.65. this increase was contributed by the gain in the intrinsic value ($1). actually, the time value loss decreased by 60 cents (4.28-3.68) while the premium gain was 0.36 (4.65-4.28) which was also the profit of the trade.

please correct me if I'm wrong, for this type of trading, profit can be gained from the premium difference. it doesn't matter it's contributed by the time value or the intrinsic value?

Thank you much.

 

This guy is on tilt, likely to blow up in a few months and close the account with 0.19 cents to his name.

fun to watch

keep losing.

 

Neke has had a great run, especially a fantastic 2008.
I have not followed this thread closely but a few observations can be gleaned from this information.

1) This week his win ration was 66% but yet still lost money. I don't know if he is holding his losers longer than his winners but they are certainly larger in at least this week.

2) Percentage win wise for the week this is his norm. His winning total trades , reveals a 63.3% win rate. That's a good win rate as far as I'm concerned .
However he cannot afford to go on with minority trades eclipsing his more numerous winners.

My prediction is that:
1)This account will grind back down to the 2009 opening value.

2) My portfolio will slowly creep up on and outperform neke's long-term.

2a) How long this will take is probably dependent upon how much of 2008's returns he is willing to give back, and that would truly be a shame.

Advice: Half a million dollars invested in a diversified asset allocation of inexpensive index funds is nothing to sneeze at , don't blow it.

The law of large numbers is unforgiving.

Best Wishes and Good Luck

 

Why don't you post your precious little thoughts in your own thread rather than littering his journal with the above garbage?