Engine99
Registered: Jul 2007
Posts: 266 |
12-31-10 11:40 PM
Good trading week (up 2k7). The best thing about this week was that I was skiing every single day and made money while my systems were running (except today). Too bad it's not always that easy ;-). This is the last post for this year, I'll start a new thread next year. Some things will change. First I'll include an additional strategy (S3) into the mix and will drop S70. More important is that I increased my trading account by about 50k, so the good news is that I've portfolio margin now in both accounts (thinkorswim and InterActiveBrokers), the bad news is that I am about 35k in debt again after being debt free (I hope by May I'll be back to debt free).
So the new account will need to survive without capital infusion which should make accounting much easier. Yesterday I looked at my trading goals for 2010 and I have to say I've missed them all (at least I was shooting high). My two goals were making 60k for 2010 and having 10 profitable month. Well, unfortunately (after the May 6th crash) I've just seven month of documentation since I've burned the pre May 6 docs ;-) (actually I still have it but I know I didn't meet my goals) and in the seven month I've made 23k and only had four profitable month. I did take a huge portion out of my trading account tough (after May 6th), so the 60k was when my account was about 30% larger.
Anyway, similar goals for 2011.
- 50k in net profit (after commission before taxes) and
- 10 profitable trading month, we'll see if this goes better this time around.
I'll add one additional goal which is better record keeping. I'm excited about the new year, so look forward to a new thread.
I will not reset my comparison against the S&P 500, right now I'm trailing the S&P performance by about three grand, however that index had a nice run since June and it has a huge benefit of being invested fully all the time. I am hoping by this time next year I'll be in the lead though. If you want to see daily P&L (not that daily P&L should really matter) you can always follow my blog @ http://theclosetgambler.com.
Next week work starts again, so I'll be starting my traveling, first stop will be Houston (Tue-Friday). I don't expect big changes other than hopefully a more active market.
Here are the results in detail:
S1: -44
S2: 8569
S10: 12577
S12: -133
S70: -210
S11: 516
Weekly Performance:
2713
S&P 500 Weekly Performance:
237
Overall Performance since launch:
23655
S&P 500 Performance since launch:
26603
Risk Free Checking Account Performance since launch:
905
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