Unrealized losses increased enough today to trigger a 200 share SDS position. I added 100 shares to my UGL, ProShares Ultra Gold. Now down $53, -0.23%. I am still kicking myself for not selling when I had a $400 profit. Real-time Account Net Worth $98,002.12 Real-time Unrealized P/L ($492.87) Real-time Realized P/L (Today) $284.33 Net Long Exposure 55%
Sold the news by invoking close all positions macro. Done for the quarter. Will top up account to 100K to start the next quarter. Real-time Account Net Worth $99,484.29 Real-time Unrealized P/L $0.00 Real-time Realized P/L (Today) $989.70
Code: [color=green][b] Total Net Profit $10,185.49 (Per Share) $0.28 Gross Profit $22,362.94 Gross Loss ($12,177.45) Profit Factor 1.84 Total Number of Trades 859 Percent Profitable 64.73% Winning Trades 556 Losing Trades 303 Avg. Trade Net Profit $11.86 Avg. Winning Trade $40.22 Avg. Losing Trade ($40.19) Ratio Avg. Win:Avg. Loss 1 Expectancy 0.29 Largest Winning Trade $1,233.31 Largest Losing Trade ($196.33) Max. Consecutive Winning Trades 21 Max. Consecutive Losing Trades 75 Total Shares/Contracts Held 36491 Total Commission $1,475.67 Return on Initial Capital 39.17% Annual Rate of Return 66.33% Buy & Hold Return -0.25% Trading Period 5 Mths, 29 Dys Max. Equity Run-up(Daily) $11,252.37 Date of Max. Equity Run-up 6/29/2012 15:00 Max. Drawdown(Daily) Value ($9,676.99) Date 5/18/2012 15:00 as % of Initial Capital 37.21% Max. Trade Drawdown ($281.81) Net Worth $99,484 Wkly Performance 5.89% Dollar Gain/Loss $1,818 S&P Wkly Performance 1.97% Correlation to S&P 0.77 Net Long Exposure 0% [/b][/color] I ended the quarter on a high note. I made the mistake of having the opinion that Facebook would boost the market and took more risk than I should have in May. I hope that with my 100K bankroll, I can be happy with under 50% exposure most the time. I see my strategy as toying with the market by taking many different small positions, while keeping a large cash position in reserve. I think one's edge is that that market has no idea of your bankroll, but it is your responsibility to use it wisely.
Hi Rol, On Monday 6/25/2012, you were contemplaiting an SPY position. I was wondering if you made the entry? Also, I have lost track of the basis of your gains. As I recall you started this thread with about $38K, your last statement shows $10K profit. Does this mean you added $52K to your account since January 2012?
Hi Camdo, No I didn't make the SPY entry, but I did do the gold trade. I usually prefer to pick one discretionary battle at a time. I prepared for more of a dip in gold, and tried to stick to my one small entry per day rule. I think I had a pretty good read on the week though. I already had good long exposure, and my desire to stick with my plan overrode any hunches I may have had. May was still stinging a bit. I think this journal has helped me be more accountable for my actions through the advice given, as well as be disciplined. I started the year with around 30K, but I did a couple large additions in April and June, which I mentioned in the journal, so buying power is skewing the percentage gain/losses. The second half, I won't make additions.
Short 200 shares SPY, average price 136.41. Hoping it goes against me so I can add more. . I predict the overnight futures will drop on low volume around 4th of July holiday.
Just a quick midweek update here. Current exposure is 35%. I will start expressing draw down using $100,000 as my HWM. I plan to withdraw money when the account gets above $100,000 at least thru the end of this year. Current DD is 0.39%. Now wishing I had stuck to my guns on my short SPY position. I think I was uncomfortable with the relatively large dollar value of the position, even though the actual volatility on it was not bad. I will stick with something like SDS or SH in the future, as the dollar value would be smaller on 100 share pops. Also, I can still play it as if I am long the ETF, which is more in my comfort zone. I am now holding 20 positions, with current BP to add 35 more.
Good luck Rol, you probably don't need it though. Your journal definitely wins the award for the best title.