Looking really bad, neke, My niece put me in charge of her IRA back in Nov '09. It was worth $7,200 back then. The market has been really tough on EWZ (Brazil) this year. Currently, her account value is $7,150. I've been successful at limiting its downside by selling & repurchasing EWZ at a lower price. Compared to you, I'm looking really good.
obviously you are an investor, not a trader. my suggestion is: buy and hold if no margin involved, do not report your P/L so regualarly. just hold on, buy something undevalued, hold on tight. set an alert in your account, when it reaches $1m, pages you, then writes a blotter here, we will celebrate your gain. the key to investor's success is patience, no more than that.
Where did you ever get the idea he's an investor? And where does everyone get the idea that this journal is an open invitation for unsolicited advice for neke? (most of which is ridiculous, and/or indicative of the failing 90%)
The fact that he posts here on ET leaves him open for such "advice" but their unsolicited advice is really nothing more than the 95%'ers trying to prove that they know more than the next guy. If he didn't want the input, as it were, he should have started a blog and limited people's ability to share their own hard learned lessons. Kinda laughable sometimes reading their "expert" advice when you have the very same guys who admittedly have been trading for only a few months or trading demos telling neke how he should be trading the 400k account he built from a minimal starting balance.
Wondered many times why he bothers. Two possibilities: 1) He needs advice and confirmation from well wishers. 2) He's building a track record for some purpose related to finance, hedge fund management, advisory, or any other related activity. There isn't any other rational reason to keep posting this charade.
Constructively criticizing Neke just leads to flame wars in his thread, even if you do make valid points. Objective people that have followed his threads for years know who is giving sound advice, yet I rarely see such advising out of Neke. Generally, I think people like his honesty, and open reaction when he summarizes each week.
who cares why he made this journal? And who cares how he chooses to trade his money? If you do, why? This is just fun entertainment on the side. All these naysayers know they are losing too. They just like to think to themselves, "Man, if I had a 400k account, I wouldn't have to overleverage my account anymore and I'd become a successful trader. This guy must be an idiot." Every trader that first starts thinks this same way about others. Neke nor anyone else cares what any of you write because the advice most of you give him is complete BS. If you had actually followed his journals the last few years, you would have seen he is usually a very successful trader with some hiccups in the road, but we all have them. What he decides to do in the future is irrevelant to your life, so just let it be. Please, for the sake of mankind, let your halfcent advice go.