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Old Jan 10th, 2010, 03:55 PM   #1
neke
 
 
Join Date: Nov 2006
Posts: 1,087
After careful consideration, I have decided to kick off another year with a new target. Percentage-wise, it is not a lot different from the target for last year Taking 320K to 3.5million by Year End 2009, which was not achieved. The slow-down in volatility towards the end of last year made me think I should perhaps bring down expecations for this year, as it looks likely to be a low volatility one. However, I believe there are enough opportunities even in a slow year to aim as high as this. My second-half performance last year works out to an average weekly rate of 3.3% compounded. My target this year is for 50 weeks at a compound rate of 4.7% per week.

I am putting a lot of stuff on automation including minimum entry criteria for my discretionary trades, and will ramp up risk taken as the account buffer grows. Once again, my expectation is for a maximum draw-down of 40% (high to low) while trying to hit this target. There will be more overnight/swing-type option trading positions this year: I feel the need to close positions at end of day has limited upside on several occasions. However, those longer timeframes should be reserved for trades with better upside potential.

You are welcome to enjoy the ride.
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Old Jan 10th, 2010, 03:59 PM   #2
l2tradr
 
 
Join Date: Feb 2007
Location: Toronto
Posts: 797
Best of luck bud.
 
Old Jan 10th, 2010, 04:03 PM   #3
kxvid
 
 
Join Date: Jul 2008
Posts: 941
2nd! Good luck.
 
Old Jan 10th, 2010, 04:03 PM   #4
TGpop
 
 
Join Date: Aug 2009
Posts: 330
good luck dude.
 
Old Jan 10th, 2010, 04:05 PM   #5
clacy
 
 
Join Date: Sep 2006
Posts: 2,626
Good luck. Since I haven't looked at your previous journals, would you mind giving a brief summary of your trading?

What you trade, time frame, style, hold time, etc.

Thanks,
 
Old Jan 10th, 2010, 05:07 PM   #6
neke
 
 
Join Date: Nov 2006
Posts: 1,087
Quote:
Quote from clacy:

Good luck. Since I haven't looked at your previous journals, would you mind giving a brief summary of your trading?

What you trade, time frame, style, hold time, etc.

Thanks,
I trade stocks and stock options (directional calls/puts - long only). My holding time-frame has been mainly intra-day, but this year I am looking at more swing-style plays (1 day - 2 weeks). Style? Anything I think does make money: momentum, mean-reversion, news plays etc.
 
 
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