Neke, sorry to hear the loss, but no need to blame yourself too hard. Just write it off, it only happened in 100 years, as they say.
it's been well documented what you and neke have done,winners and losers all laid out,i wouldn't worry about the critics,we have no idea what they have done wins or losses,wonder why
Neke, I really enjoy reading this forum and admire you for having the courage to put it all out there for the world to see. I don't recall posting here before but feel obliged to tell you this. In just over four months you've lost nearly half of your capital. Your system has failed. Free advice on the Internet isn't worth much, but I've been playing this game for twenty years, full time for the last ten. You need to stop, take a breath and get your head together before you blow out. Take some time away from the markets, rework your system and come back with a fresh start. Your losses are way too large. WAY TOO LARGE. Although you average about fifty percent winners to losers, your losers are bigger than your winners. Do the math. When you come back, if you do, set your loss limit to between 1% to 1/4 of one percent of your account size and develop some consistency, with this you will regain confidence, which you should have already lost. There is no need to blow this account out. You still have amble capital but you need to regroup. Good luck and I hope that you at least think about it.
You definitely dont fuck around, and should never be accused of doing such. Anyone who insinuates that is a fool, a few clicks on the search link go a long way.
I agree with ~~~. Thursday was a great day for traders. I had my best day in 2010. Such extreme volatility is rare. I watched as ES futures plunged down to -100 from -50 in a matter of minutes... never happened before my eyes before). If you have lived through one, it might just help you how to react. I lived through the week of chaos in September 2008. I knew to put on a lid on my risks (trade smaller size than normal, expecting larger swings in price moves, etc.), but take advantage of the situation if it can lead to good trades. Neke: automation may or may not be the key. Personally I don't automate my trades because I cannot put my thoughts and tactics into a set of if-then statements and account for all scenarios. (And I am a former computer programmer.) Not to say it can't be done. Obviously there are many successful algo-trading systems out there. Automated or not, the system/method/tactic has to be sound and consistently profitable first. It's one thing that a trader has been consistently profitable and now wants to automate his thoughts/ideas. It's another thing that someone just thinks about an idea, do some "back testings"... they worked... and then automate to forward-test for real with heavy (full-size) sizes. Just some thoughts.
Bo... Congratulation, so happy that you made big money. extreme volatility, huge down-turn or up-turn... it's great for us
Taleb's Ten Principles for a Black Swan Robust World http://en.wikipedia.org/wiki/Black_..._Ten_Principles_for_a_Black_Swan_Robust_World +-*/ Math_Wiz
Hello NoDoji, Would you mind mentioning the name of the thread where you laid out the details of how you trade the ES, as referenced below? thanks, Walt