2009 and 2010 were good for most trend followers(bulls) who bought and held tight onto their positions. 2011 was a totally different story. It was basiclly a big range bound market caused by the problems in Europe. There were many opportunities on both sides. That is why I like range bound markets better. How [...]
2009 and 2010 were good for most trend followers(bulls) who bought and held tight onto their positions. 2011 was a totally different story. It was basiclly a big range bound market caused by the problems in Europe. There were many opportunities on both sides. That is why I like range bound markets better.
How did I do in 2011? I took a total of 2068 trades and netted $21,316 in a 100k account. That is around 20%. As you can see, I fared better in shorts than longs.
Here is what I think I did well
- A nice equity curve. The draw-downs were very much contained.
- Traded both sides almost equally.
- Risk management was adequate.
Here is what I think need improvement
- Capital was under utilized. Use a little bit of leverage in 2012?
- Exit strategy was shaky when I had a profit.
- Emotion control could be better.
- More efficient time management.
20k extra cash a year covers a lot of our expenses. Miranda will go to pre school this year, which will cost us a few hundred dollars a month. Our monthly health insurance bill will be 50 dollars more. Health insurance keeps going up every year. Everything goes up except our incomes….. Talk about inflation!
My short term goal is to reach a stable annual income of 50k/year, which is a livable income in many parts of the US.
I hope you did well in 2011 and have a prosperous 2012.
PS, I will try to blog more in 2012.
Just kidding… I took 3 trades in the AM last Friday(6/3/11). Check them out in the charts below. One reason I love TradeStation is that it marks all your trades on the screen. A cyan line means a winner. A red one means a loser. So the first one was a loser and [...]
It is Miranda, my one year old daughter. She actually is holding a long position in RENN @ 12.51. Well, I asked her if she wanted that stock. She said “Yesh”. Well she says “yesh” to just everything. She will join forces with her Mom in just about 20 years …:) A lot [...]
It has been a while since I updated my blog and my portfolio last time. Some people asked If I stopped trading. The answer is “No”. For a housewife like me, I do not see anything else except day trading as a viable livelihood. If you ask around, most people will perhaps tell you that [...]
I think a lot of traders are. Look at the chart below. If you were long before point C and you are disciplined, then you would have been stopped out of most of your positions. 70-80% of your portfolio follows the general market. That is why some people prefer trading E-Mini. If you were ambitious, [...]
Here are a few stocks that have been performing much stronger than the general market. Click on the image to have a better view Netflix, Inc. (Public, NASDAQ:NFLX) I have Netflix’s 2 DVD package. Service has been great and their competitors are weak. Valeant Pharmaceuticals International (Public, NYSE:VRX) This stock just made [...]
The general market has been stuck in a range for a while. A short term trend following system will fail miserably in a situation like this. Oscillators, pivots , support and resistance work better here. The overall market sentiment is perhaps still slightly bearish mainly due to the problems in Europe. So we can [...]
I took a small long position in EURUSD @ 1.1963 on 6/7/10. It is only 1 lot (worth 100k), which is considered a small position in Forex. Now I have over 400+ pips in profits on paper now. I was aiming for a 500 pip move here. And the initial stop loss was set @ 1.1877, [...]
As I mentioned in my previous post, we would expect to see some range bound moves. It has been the case for the past 2 weeks partially because some bullish news from China provided some balance to the bad ones from the EU. Let’s take a look at the daily chart of the SP 500. [...]
I receive automated calls from Telemarketers and debt collectors every day. I told the debt collectors that they got the wrong person. They just kept calling. I am home 24×7. This really annoys the heck out of me especially when I am napping. I have registered on the National Do-Not-Call list. But it does not [...]