Weekly Update for week 19/50 ended 05/22/2010 Good week, up 17K (6.9%). Was playing fading over-extended moves in the SPY for the most part, and exiting when target bounces reached. Missed out on Fri rally. Set my trigger to load up on diverse stocks when the market comes to a certain level. Missed the target on SPY by a couple dimes and didn't feel like chasing the market as the rebound happened so fast and furious after the open. Should make some adjustments not to miss it so completely next time. Code: Opening Balance: 247,311 Net gain for the week 17,478 ------------------------------------------------ Net Balance: 264,789 Number of Trades 27 Number of Profitable Trades 16 Since Inception of Thread 01/10/2010 - 05/22/2010 Opening Balance: 410,000 Net loss(Less Margin Interest) 145,211 (Down 35%) ------------------------------------------------ Net Balance 264,789 Number of Trades 653 Number of Profitable Trades 338
There are too many haters in this world and on this site. I guess thats what happens when you put your performance up for the world to see.
I can see that the OP (neke) has violated many esoteric principles in this thread... (note the #'s are arbitrary). Esoteric principle #abc: The value of silence. The moment you reveal anything to the world, including your intention to turn 400K into 4M is the moment you being to lose your power to attain such destiny. Esoteric principle #bcd: Those who exalt themselves will be humbled, while those who humble themselves will be exalted by others. Esoteric principle #cde: Preceding every rise, there is a decline. Preceding every decline, there is a rise. To go up, one must first go down. To go down, one must first go up.
They say silence is golden The poor sap is on course to blow out his account like an over-testosteroned newbie. May even fall into the trap of trying even harder by being even more reckless - we shall see
can you please post your most recent value of your portfolios? i hope to see you success....it's a big motivation for every trader.
Weekly Update for week 20/50 ended 05/29/2010 Moderatley positive week, up 6.6K (2.5%). Decent week, marked by small gainers and a high win rate (20 of 27), just marred on Thursday by a heavy short position that cost me 12K. Looking forward to next week. Code: Opening Balance: 264,789 Net gain for the week 6,621 ------------------------------------------------ Net Balance: 271,410 Number of Trades 27 Number of Profitable Trades 20 Since Inception of Thread 01/10/2010 - 05/29/2010 Opening Balance: 410,000 Net loss(Less Margin Interest) 138,590 (Down 34%) ------------------------------------------------ Net Balance 271,410 Number of Trades 680 Number of Profitable Trades 358
Weekly Update for week 21/50 ended 06/05/2010 Positive week, up 10.5K (3.9%). Not a lot happening in individual stocks, except the oil-related issues which supplied most of the gains. The big regret was Friday, when I shorted a bunch of those oil-related issues, got beaten up having an unrealized loss of 8K at one point (about 10:20am), got out relieved as the stock retraced for break-even for the day by 11:05am. Missed the sell-off in the market and in those stocks afterwards. Easily left 20K on the table. Code: Opening Balance: 271,410 Net gain for the week 10,504 ------------------------------------------------ Net Balance: 281,914 Number of Trades 26 Number of Profitable Trades 14 Since Inception of Thread 01/10/2010 - 06/05/2010 Opening Balance: 410,000 Net loss(Less Margin Interest) 128,086 (Down 31%) ------------------------------------------------ Net Balance 281,914 Number of Trades 706 Number of Profitable Trades 372