Here is the update of this journal for the month of Nov. Performance: Account Value at the beginning (Sep. 16, 2012) of this journal: $9,799 Account Value as of Friday, Nov. 30, 2012: $14,062 Return since the beginning of this journal: 43.51% Return in the month: 21.86% Return in the week: 0.46% Simple average daily return: 0.5801% Expect account to double on: Mar 7, 2013 Equity curve (initial value set at zero): See attached chart Parameters compliance since the beginning of this journal: Risk experienced: Low Max drawdown experienced (based on daily close): 7.39% Initial Margin at most recent close: $12,188 VAR at most recent close (99.5% confidence): $451 Greeks: were all within predefined range. Delta, ****; Gamma, ****; Vega, ****; Theta, ****; PS: From chart, we can clearly see that this account is underperforming in last two weeks. It is due to the options expiration and/or some hedge position(s) closing. Also, we can see VAR is very small as of last Fridayâs close. It means that the account has very small risk exposure for now, thus expect further âunderperformingâ in next couple of weeks at least. I choose to have small exposure to the market is because of the coming holiday seasons. The options premium has been priced for shortened time. Yet, those holidays are still there. There could still be some potential market moving news developing in those days.
Here is the update of this journal for the 1st week of Dec. Performance: Account Value at the beginning (Sep. 16, 2012) of this journal: $9,799 Account Value as of Friday, Nov. 30, 2012: $14,325 Return since the beginning of this journal: 46.19% Return in the month: NA Return in the week: 1.87% Simple average daily return: 0.5633% Expect account to double on: Mar 12, 2013 Equity curve (initial value set at zero): See attached chart Parameters compliance since the beginning of this journal: Risk experienced: Low Max drawdown experienced (based on daily close): 7.39% Initial Margin at most recent close: $12,248 VAR at most recent close (99.5% confidence): $1,101 Greeks: were all within predefined range. Delta, ****; Gamma, ****; Vega, ****; Theta, ****;
Here is the update of this journal for the 2nd week of Dec. Performance: Account Value at the beginning (Sep. 16, 2012) of this journal: $9,799 Account Value as of Friday, Dec 14, 2012: $14,043 Return since the beginning of this journal: 43.32% Return in the month: NA Return in the week: -0.39% Simple average daily return: 0.4867% Expect account to double on: Apr 9, 2013 Equity curve (initial value set at zero): See attached chart Parameters compliance since the beginning of this journal: Risk experienced: Low Max drawdown experienced (based on daily close): 7.39% Initial Margin at most recent close: $14,486 VAR at most recent close (99.5% confidence): $3,137 Greeks: were all within predefined range. Delta, ****; Gamma, ****; Vega, ****; Theta, ****;
Here is the update of this journal for the 3rd week of Dec. Performance: Account Value at the beginning (Sep. 16, 2012) of this journal: $9,799 Account Value as of Friday, Dec 14, 2012: $13,576 Return since the beginning of this journal: 38.54% Return in the month: NA Return in the week: -3.33% Simple average daily return: 0.4015% Expect account to double on: May 23, 2013 Equity curve (initial value set at zero): See attached chart Parameters compliance since the beginning of this journal: Risk experienced: Low Max drawdown experienced (based on daily close): 7.39% Initial Margin at most recent close: $16,655 VAR at most recent close (99.5% confidence): $3,036 Greeks: were all within predefined range. Delta, ****; Gamma, ****; Vega, ****; Theta, ****; PS: Iâll not update this journal next week since there will be only one more trading day to end of the month after next Friday. Iâll update this journal by the end of the month.
Here is the update of this journal for Dec. Performance: Account Value at the beginning (Sep. 16, 2012) of this journal: $9,799 Account Value as of Friday, Dec 31, 2012: $14,028 Return since the beginning of this journal: 43.16% Return in the month: -0.24% Return in the week: NA Simple average daily return: 0.4072% Expect account to double on: May 20, 2013 Equity curve (initial value set at zero): See attached chart Parameters compliance since the beginning of this journal: Risk experienced: Medium Max drawdown experienced (based on daily close): 12.40% Initial Margin at most recent close: $8,886 VAR at most recent close (99.5% confidence): $2,849 Greeks: Delta and Vega were both exceeded predefined range. Thus immediate action was taken to bring them back to predefined range. Delta, ****; Gamma, ****; Vega, ****; Theta, ****;
Here is the update of this journal for the 1st week of Jan. Performance: Account Value at the beginning (Sep. 16, 2012) of this journal: $9,799 Account Value as of Friday, Jan 4, 2013: $14,634 Return since the beginning of this journal: 49.34% Return in the month: NA Return in the week: 16.61% Simple average daily return: 0.4486% Expect account to double on: Apr 27, 2013 Equity curve (initial value set at zero): See attached chart Parameters compliance since the beginning of this journal: Risk experienced: Medium Max drawdown experienced (based on daily close): 12.40% Initial Margin at most recent close: $17,465 VAR at most recent close (99.5% confidence): $2,948 Greeks: were all within predefined range. Delta, ****; Gamma, ****; Vega, ****; Theta, ****;
Hey just wanna say you're doing great. Looking forward to your future performance, all the best 2013.
Here is the update of this journal for the 2nd week of Jan. Performance: Account Value at the beginning (Sep. 16, 2012) of this journal: $9,799 Account Value as of Friday, Jan 11, 2013: $14,784 Return since the beginning of this journal: 50.87% Return in the month: NA Return in the week: 1.02% Simple average daily return: 0.4348% Expect account to double on: May 4, 2013 Equity curve (initial value set at zero): See attached chart Parameters compliance since the beginning of this journal: Risk experienced: Medium Max drawdown experienced (based on daily close): 12.40% Initial Margin at most recent close: $16,522 VAR at most recent close (99.5% confidence): $3,730 Greeks: were all within predefined range. Delta, ****; Gamma, ****; Vega, ****; Theta, ****;
Here is the update of this journal for the 3rd week of Jan. Performance: Account Value at the beginning (Sep. 16, 2012) of this journal: $9,799 Account Value as of Friday, Jan 11, 2013: $14,948 Return since the beginning of this journal: 52.55% Return in the month: NA Return in the week: 1.11% Simple average daily return: 0.4238% Expect account to double on: May 10, 2013 Equity curve (initial value set at zero): See attached chart Parameters compliance since the beginning of this journal: Risk experienced: Medium Max drawdown experienced (based on daily close): 12.40% Initial Margin at most recent close: $11,154 VAR at most recent close (99.5% confidence): $4,001 Greeks: were all within predefined range. Delta, ****; Gamma, ****; Vega, ****; Theta, ****;
Here is the update of this journal for the 4th week of Jan. Performance: Account Value at the beginning (Sep. 16, 2012) of this journal: $9,799 Account Value as of Friday, Jan 25, 2013: $14,407 Return since the beginning of this journal: 47.03% Return in the month: NA Return in the week: -3.62% Simple average daily return: 0.3590% Expect account to double on: Jun 21, 2013 Equity curve (initial value set at zero): See attached chart Parameters compliance since the beginning of this journal: Risk experienced: Medium Max drawdown experienced (based on daily close): 12.40% Initial Margin at most recent close: $14,719 VAR at most recent close (99.5% confidence): $4,205 Greeks: were all within predefined range. Delta, ****; Gamma, ****; Vega, ****; Theta, ****; PS: Weâve been âtoldâ that the VIX has dropped to 5, 6 years low recently. Ahhhhhâ¦â¦???? So while near the money put options premium dropped across-the-board but many far far far OTM put options premium did not drop on Friday. Some of them even increased. That means that there always has some meat for those traders who understand the Greeks even with such lower VIX. Obviously, the recent poor performance of this account is due to the inverse movement/relationship of the options. So while it lasts, take the advantage of it!