Daedalus

This journal will document my 7 year plan for World Domination …. Kidding

This journal will hopefully document multiple years of successful trading and my rise to success if not then you will witness an Epic failure and will know exactly what not to do to trade successfully.
My goals:
1) Make money
2) Beat the S&P 500
3) make and run a successful fund
4) retire at 28

I started trading about 2 1/2 years ago I began my journey in the forex market and did not pick up a book or watch a seminar or have a mentor , I begun the purest way you could I opened a micro forex live account and figured out how it worked by trial and error , the advantage in the way I started is I had no idea what others were doing I just tried to understand and create my own path to extract money from the markets and hopefully by doing this without any input from what already exists I would be thinking outside the box.
After hundreds of methods millions of back tested trades and thousands of live trades I was not making head way with forex I was shore I was going to make money on the long term but it wasn’t going quite as fast as I had hoped, I didn’t feel absolutely confortable and was always waiting for the worst case scenario to play out, so I began trying to figure out what how and where I would be at easy trading, I have found it to be in the stock market in a list of about 400 us stocks and iv been trading these stocks successfully since 4 months ago (I know it’s a short time) but I know this account with the current trading style will last a lifetime and I believe it will grow considerably.

So far my performance trading US stocks is as follows:
December: +2.09% (7 trading days)
January: -0.86%
February: +6.29%
March: +4.22%

This was done taking over 150 trades .
Attached is a excel file which I use to track my performance,

 

Ok so i guess i should start by stating what my current holdings are

All long

BFS 56 @ 44.56
CSP 325 @ 7.68
CTL 73 @ 40.75
DVY 58 @ 52.13
GHI 100 @ 13.00
IEF 26 @ 93.09
MGF 390 @ 6.42
MIN 409 @ 6.11
MSFT 93 @ 26.74
NRF 600 @ 5.03
NWN 54 @ 46.13
PCN 150 @ 16.82
PG 70 @ 65.27
PLW 90 @ 27.47
REM 167 @ 15.26
RPM 130 @ 23.19
TLT 27 @ 92.66

The above trades were placed at varying times some date back 3 months were as others a few days.
The current unrealised loss of these positions as of 21st April close = -547.1 $

 

A decent day today did very Little today only spending about 2 hours in front of the computer screens.
Today bought:
UVV 70 @ 42.49
BXS 200 @ 15.15 sold @ 15.33 +33.00 $
GPC 57 @ 52.03
UBSI 120 @ 25.32 sold @ 25.60 +31.30 $ and again bought 120 @ 25.16

Sold MGF 390 @ 6.49 +23.40 $
Sold PCN 150 @ 16.98 +23.50 $

Total closed: +111.20 $
Open positions went up about +130$ total unrealized p&l -520 $ more or less don’t know the exact number till tomorrow

 

Today was a busy day, i decided to have a fire sale halfway through the day and liquidated all my positions I did this to get rid of some of the trades I had opened nearly 3 months ago and weren’t going any were.
I sold the following :
BFS -111.98 $
RPM +8.42 $
PG -104.85$
CSP -23.38$
CTL - 74.27$
GHI -25.00$
NRF -11.94$
MSFT -63.38 $
NWN -43.58 $
REM -15.35 $
UVV +12.70 $
IEF +20.10 $
PLW +23.88 $
MIN +12.27 $
TLT +16.63 $
UBSI +31.63 $
DVY +31.64 $
GPC +30.49 $
Total = -285.97 $
The losses incurred are not as bad as they seem as because im happy with the profit made up to now and im up about 2.4% this month no need to risk the gains I already have by keeping losing positions open in a hope that they will turn.

And opened the following today :
ABM 124 @ 24.148
MO 120 @ 26.408
CLX 42 @ 69.268
PMF 235 @ 12.796
NIE 158 @ 18.9547
PPT 470 @ 6.425
NPI 240 @ 12.529
AWR 86 @ 34.711

 

Account value = 43151 $

At yesterdays close the unrealised p&l = -68.3$
I’m currently holding 24018.34 $ worth of stock
I have been making new highs in the account value for the past 4 days so I’m questioning whether I should buy more stock or ease off a bit till a pullback in my own account value.

 

It’s been a boring day, i made money but i can’t find anything to buy i have been searching relentlessly over my 300 stocks that I am able to trade but there’s nothing to buy.

Bought TGT 60 @ 49.93 sold TGT 60 @ 50.40 +26.20 $
Bought LOW 100@ 26.59 sold LOW 100 @ 26.78 +17.00 $
Sold MO 120 @ 26.69 +32.80 $
Sold CLX 42 @ 69.28 -0.53$
Sold PPT 470 @ 6.46 +14.10$
Sold NIE 158 @ 19.01 + 7.73$
Sold PMF 235 @ 12.83 +6.70$
Sold ABM 124 @ 24.10 -6.96$
Sold NPI 240 @ 12.60 +15.83$

Total = +125.49 $

currently not holding any positions

 

Account value = 43,345.22 $

Just 2 more days till the end of the month things are looking good as long as i don’t loose much and the S&P 500 doesn’t move up much i will have a positive month and have beaten the S&P 500 this month, I’m happy to see the ES futures ticking down pre market as i have nothing open i cant loose anything.

 

Another up day , very Little opportunities today only 4 trades 2 still open
current unrealised position -2.61 $

Bought

ABM 125 @ 24.062
CL 37 @ 80.36
NIE 160 @ 19.01
CXE 650 @ 4.65

Sold

CL 37 @ 81.3 +32.78 $
ABM 125 @ 24.29 +25.51 $

Total = +58.29 $

 

Account value = 43,399 $

Last day of the month, Can’t wait to start the next month

currently only holding 2 positions NIE and CXE which is about 14% of my account , looking to open some more trades today to either make a profit or at least have most of my money doing something.

 

Account value= 43,406 $

Yesterday

Opened :
JRO 240 @ 12.58
PBI 120 @ 24.76
Opened MSFT 115 @ 25.619 sold MSFT 115 @ 25.85 +24.52 $
Total = +24.52 $