a lot of people dont get it. neke suffers drawdowns, some 90K in a month. but that is only when his balance is quite large as he position sizes on the capital base. as his capital gets larger so does his trades as does his profit as does his loss. Neke has suffered massive withdrawals at 200K mark but when he crosses that mark he will cross it well and above as the gains at that mark are respectively large. I hope this makes sense. when he was 90K he was only losing 15k or thereabouts ona losing month. When he was 200K he was losing larger amounts. Please take this into consideration. I believe he can do it. He did it the previous 2 years and lets face it the guy has balls the size of water melons. He goes to meetings with 90K on the line. You got to admire that. I have started a thread also trying to return 20% a month.
retire45, Thank you very much. I'll study the chart in detail. DRYS is one that I'm looking to go roughly 50% in my 401K. Currently I'm in BIDU 80% since 307. Once BIDU's run ends I'd like to decrease or exit completely and return to the shipping sector. Near the last week of Aug/first week of Sep, I had to choose between TBSI, DRYS, and EXM. I chose TBSI. It only went up a few percent while DRYS was doing that daily. Lucky for me I sold, and rotated through JRJC, CHNR and BIDU at portions of each of their runs. BIDU is my final one. I'd like to keep in touch. I'll PM you if you don't mind.
Ok.. Switched to short DRYS at 119 today on the second failure at 120. stop 120's.. Sorry Neke.. no more thread-jack.
Thats OK. I've been watching that stock for sometime now. Unfortunately I do not hold multi-day short swings, certainly not in this market. I only do intra-day.
Yes.. very hard market to initiate short (or even long) trades... That ascending wedge on the S&P usually resolves downward though.. that and the not too hot earnings so far add up too some tippy toe shorts to me.. Besides, to have the usual run-up in November I find it hard to imagine doing so from an already extended market.. All my opinion which has no place in actual trading.. <g>
just remember, the S&P has a lot of lost ground to play catchup with. Just look at the S&P against the Aussie dollar, a perfect example of how in real terms the S&P is actually down y/y even at all time highs. http://finance.yahoo.com/q/bc?t=1y&s=^GSPC&l=on&z=m&q=l&c=fxa
Oh yeah.. Shorts eating crow this morning.... again. List of over $100 stocks growing exponentially.. 1999 memories.
One MAJOR differnece between then and now, the dollar was much stronger. How much of the US market's recent climb is due to this effect? Many commodities are DEFINITLY reflecting this already. Throw another cut into the mix and cash will truly be trash. The Fed is telling us all right now that we MUST TAKE ON RISK in order to tread water. Oh how the saver gets rewarded.....NOT! Good Luck!