hehe, that doesn't look good about me, my mistake on the overlook, my LCD screen is 14 inches and that short column didn't fit lol So looking at your two trades it does fit methology, one big thing wrong about your trades is you go too early in your buy low sell high mentality a truck moving at 80 mph @ 3:00PM , will not stop immediately @ 3:01PM, 3:02PM on the other hand could be a good trade. A Gap down would negate this as well, because a gap down can sometimes mean oversold but it can sometimes be the start of a trend sell, just like how a gap up can sometimes be a sell zone while it can also be a signal for a super buy trend. When I see a stock come out with a gap down with bad NEWS, it usually will go to shit for the next few weeks with **low low tight ranges*** because of vol contraction. I'd say, more then 70% of the time.
Code: if( neke.weekly_PL% < -.0025) { elitetrader.post("neke is having a nothing week!"); } else { if( neke.weekly_PL% > 10%) { elitetrader.post("Neke will be up 30% next week for sure"); } else { if( neke.weekly_PL% < 10%) { elitetrader.post("Amateur"); } else { if( neke.weekly_largestloss < $10,000 ) { elitetrader.post("Is Few and Far Between"); } else { // silence }
one last loop.. } else { if( neke.weekly_largestloss > $50,000 ) { -- happened twice this year elitetrader.post("NEKE will BLOW UP account!");
I praise neke for the strength of his trading convictions, something I completely lack. neke is often wrong, but never in doubt. I don't even trade, I just "look at the squiggles" in the evening, as my wife says. I will be happy when I can make a leap the size that he does without worrying about the landing. Go get 'em neke!
This will turn out just like Robert Weinstein. Jumping around fading the trend not a good strategy in a rising market.
Weekly Update for week 9/50 ended 03/13/2010 Positive week, up 4.4K (2%). It is encouraging there were no forced stops (on maximum loss). The losses were smaller size compared to the gains, even if more numerous. The most important thing is to keep operating according to my rules on sizing up/down. The maximum loss (forcible closure) limit will be maintained at 6K for stocks and 9K for options for next week. Ordinarily I should hardly ever hit the limit, if I am responsible with my sizing. The number of closures each week will tell me how irresponsible I have been with my sizing. Still putting in a lot of effort toward my automation. Code: Opening Balance: 238,132 Net gain for the week 4,385 ------------------------------------------------ Net Balance: 242,517 Number of Trades 25 Number of Profitable Trades 11 Since Inception of Thread 01/10/2010 - 03/13/2010 Opening Balance: 410,000 Net loss(Less Margin Interest) 167,483 (Down 41%) ------------------------------------------------ Net Balance 242,517 Number of Trades 368 Number of Profitable Trades 170