First Half 2009 Results

I just finished analyzing and normalizing my results for this year and it's really out there. I combined all accounts I have - practice and funded. Originally I was going to share all the nitty gritty of my results, but feel it's best that I don't because it's a bit out there.

So, I will share some other results with regards to trading in the past 6 months.

I had been tracking things, but it hasn't been easy to track all the various accounts, but when I summarized all the accounts, there were areas I thought I was doing better than I was, and other areas worse than I was. Somehow it works out.

What I will share are 3 things for each month:

1. % Longs
2. % Profitable Trades
3. $/Contract

Jan'09: 30% Longs, 60% Profitable Trades, $7.43/Contract
Feb'09: 42% Longs, 60% Profitable Trades, <$250.04>/Contract
Mar'09: 15% Longs, 63% Profitable Trades, $103.58/Contract
Apr'09: 30% Longs, 54% Profitable Trades, $72.87/Contract
May'09: 48% Longs, 75% Profitable Trades, $23.90/Contract
Jun'09: 50% Longs, 65% Profitable Trades, $44.36/Contract
---------------------------------------------------------------
2009: 34% Longs, 61% Profitable Trades, $98.85/Contract

I thought I was profitable 80% of the time or more. On many days I have been, but there have been some very costing days, so this somehow brings me way back down. As I look at the data, some things I'm learning.

There have been 125 trading days so far this year. I've traded on 105 of those days, which is 84% of the available days. Some where shortened days, but one trade could've been made. Also, I did not count Sundays, but technically I could trade on Sundays and make money.

Note 1: Some of the costing trades were done as a part of legging in and legging out. I would do an average and that's why I think that I got a higher % profitable than what the actual raw data gave me. Hope this makes sense. Typically I will get out profitably for the whole trade, but if we broke up the trade, some of the contracts may have been costing and some profitable. So, this, in essence, makes my profitable trades seem % fewer. It's okay. The bottom line is what counts.

Note 2: The average # trades/month = 284 (or average 16 trades/day traded)

LEARNINGS:
1. If there are 2 costing trades in a row, I need to completely stop trading. This typically leads to a lot more costing trades.
2. Start small (1-2 contracts).
3. Trade every day, even if it's just one trade.
4. Get better with cost stops (meaning, use moving averages or S/R or pivots for these).
5. Leg out of trades to capture profits better.

--------------------------------

Notes: I editted some of my figures on the $/Contract today (7-Jul-2009). I messed up on my calculations and took some double costs, making my figures appear worse than they were. It wasn't a huge difference, but a little.

Been

Where the heck have I been? I've been trading (albiet, not every day as I'm supposed to) most days, but have missed some. Should probably write another real blog entry on trading, maybe displaying some of my results? This is the end of the month and I will share what my results are for this month and May, hopefully, after my analysis.

Yes, I slacked off a bit in May and didn't do this as I should have. Uh oh. Not disciplined.

I could give you loads of excuses, but they are just that. Successful people don't make excuses, so won't list them here.

Continued work on the psychological aspects of my life, getting rid of fears & baggage.

Today I celebrate the 1 yr anniversary of my divorce. It's not good that there was a divorce, but it was a severance of a union that my former spouse was not willing to make right or reconcile, even if I was. It takes 2 to Tango. This was basically my "cost" stop. Ironically, I filed for divorce on my former spouse's birthday. Yes, that was planned, but not that he really cares.

Dating begins for me as I met my one year commit to not date for a year after my divorce. Praise God I honored this and I got to see my relationship with God really go to a much deeper level, as well as see my trading transform significantly during this period.

As I go to date, which I do not want to be a serial dater, I'm going to view dating sort of like the stock market, if I may. I'll have my "profit" stops and "cost" stops. Perhaps in a future blog entry, I'll share what some of those are in terms of dating.

So, if there are any single, eligible bachelor's out there that meet my "stop" criteria and is interested in me, message me here in my blog. But, I'm rather picky. Just like I wait for good entries & exits in trading, I can wait for the right guys to come into my life.

Stay tuned for more for me . . .

VIX - Volatility


Wanted to briefly take a look at the VIX (volatility) of the market. This is a comparison of the SPX (S&P 500) and the VIX.
Just as of the most recent, we seem to be in a consolidation period (rectangle). But, if you look at the period for the month of May, that was also a compression period. It kept testing to see if it could higher. The past couple weeks, it's pushed higher, but not real strongly.
We might even look at 1015 area as another resistance if it can get past where it is now, as it's attempting to do that. If volatility doesn't drop as the price moves up, that's telling you to be cautious with bullish positions and that we are near resistance.
Set your protective stops accordingly.
Labels: 0 comments | edit post

Those Little Things

For the past couple months, I haven't been able to do Trailing Stops nor Triggers and it's been very annoying. Apparently I accidentally checked some feature off and that was it. Duh.

Another thing that caused problems in trading today is my firewall made an update but it excluding something that my trading software needs in terms of permissions. I sort of got bent out of shape with the Genesis tech person as I thought he was going to turn off my firewall. He didn't and adjusted some of my permissions so I could trade again.

Sometimes those little things can cause a lot of problems in trading, but they are learning factors.

Amazon Store