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.
Not long after the market open today (2/12/2010), I got a call and had to run a few errands. So I was not able to trade until the noon. My pre-market analysis suggested “short”. Naturally all my attempts today were biased toward shorting. I never chase hot stocks. When I have selected a few [...]
There are different types of stock manipulation in the stock market. Penny stocks, small cap or even some mid cap stocks are prone to manipulation. The Chinese stocks are the worst. Let’s take a look at TSL(Trina Solar Limited). TSL was one of the strongest bulls during the recent run. The performance of other [...]
Today’s drop was gut-wrenching for the bulls. We have not seen this kind of drop for a while. The bears were in total domination throughout the day. As I have said a couple of times in the past few days, the market desperately needed a reaction. It was just waiting for a trigger. Here came [...]
January is over. I did OK because my profits broke the 3K mark, which is close to the goal (4k per month) I set for 2010. Nothing has changed about my trading except that my size was slightly bigger. This is just a start. Hopefully one day, I will be able to short/long 2000 shares of [...]
As some of you might have noticed it, I have reduced the auto-update interval of my portfolio from 180 seconds to 60 seconds, which means that you will be able to see all my trades within 1 minute at most. Even if it is set at 1 minute, you should NOT follow my trades. [...]
It was a beautiful day(1/26/2010) for day traders of either direction. We had a decent bull move in the AM and a bear move in the PM. I have found that the market provides plenty of opportunities 2/3rds of the time. So if you are good, the market is your ATM. I have been [...]
Stop loss is perhaps the best weapon for a trader to control risk. I have already talked about the importance of using stop loss in the past. Today, this post is about what kind of stops suits you better, a soft one or a hard one. A soft one is a mental stop. You do [...]
Learning trading is a very daunting task for the beginners. Not only is trading itself extremely challenging, but also it is hard to find quality educational materials or programs. If you google it, you will be swamped by a huge number of websites trying to sell you this newsletter, that subscription or other types of products. It just [...]
First,I have 2 stocks on steroids. One is GMCR(Green Mountain Coffee Roasters Inc.) and the other is IOC(InterOil Corporation) . I looked around on the web trying to find a bit of news/rumors that propelled these 2 guys so high and so quickly. I did not find anything tangible for GMCR and found a little [...]
We are done with 2009, which was a very wild year for both investors and traders. The gut wrenching drops before March 2009 are perhaps still vivid for many of us. The amazing comeback so far perhaps have already made some forget what has happened. It has attracted a lot of aspiring new traders who [...]
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