Satuki @ Home
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
Here is what I think need improvement
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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.
The market experienced some dramatic plunges last week. The worst was the Dow’s intra day drop of 1000 points on 5/6/2010. I did not trade that day. But my TradeStation was open and I saw it. Initially, I thought it was a technical error from TradeStation. I immediately opened Interactive Brokers and Yahoo Finance. They [...]
Some people walk into the market as if it were a casino. Trading in a sense is like gambling because luck is somewhat involved in almost every trade. But it differs from gambling because you could beat the house. In a casino, every game is designed in such a way that the house will [...]
Do you think that buying new highs works? I heard both good and positive answers from other traders. When I back test a theory(system), I tend to spend most of my time looking for holes. Look at the chart below. Every time you buy a new high such as A,B and C, you would [...]
Another month just passed. The market just kept moving up, which perhaps annoyed a lot of people who like to buy on dips. Some stocks shoot up like a rocket, which is violent, quick an fast. Some zigzag up, which is slow but steady. Some are totally dead such as DRYS and STP. By “dead”, [...]
The solar sector seems to have been active lately. It has been pretty weak for most of the time during this big rally. Let’s take a look at some active ones. Trina Solar Limited (TSL) It is a Chinese company. The recent move was caused by the upgrade from Credit Sussie, which is based [...]
I have been filing my tax returns as an active stock trader for a couple of years. I can tell you that there are a lot of advantages to file as an active trader than a regular investor. This post is not to teach you how but why. Once you understand why it is much [...]
These were once almighty bull stocks that a lot of people salivated over. Now look at them. They are basically a dime a dozen. You have no idea how many hearts they have broken. I can tell you a lot of people are still deeply buried in these doodoo stocks. Some of them have already left [...]
Traders are hunters. Hunting can be very exhaustive sometimes. After a few failed attempts, you are not only exhausted but hungry as well. When you are not in your tip top shape, you tend to make more mistakes. Let me show you one mistake I made today when I was “hungry”. I picked my prey [...]
I do not remember when I had a negative week last time. It was perhaps some time in early 2009. Now here it comes again. I am down more than 400 dollars last week. Having looked at all the trades from the the last week, I found 2 issues. Not a single winner Bad judgement [...]
Our first swing trading competition started on 2/16/2010 and ended on 2/19/2010. People coould enter/exit their trades during that time frame. We try to make it as close to real time as possible. However, people can still enter trades off hours. But their entries are calculated using the last close. For people who enter their [...]
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