Taking 320K to 3.5million by Year End 2009

Discussion in 'Journals' started by neke, Jan 11, 2009.

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  1. DRYS
     
    #21     Jan 12, 2009
  2. bidask

    bidask

    hi kele, can you explain what this means? if it was explained before, can you give me the link? thanks.

     
    #22     Jan 12, 2009
  3. whatthe

    whatthe

    That would necessitate ending this journal?
     
    #23     Jan 15, 2009
  4. I agree with wahtthe. Seems odd that opening a new account would lead to ending the journal.

    Neke, if you aren't getting anything out of it any more, why do it this year? Sounds like your heart isn't in it this year.

     
    #24     Jan 16, 2009
  5. neke

    neke

    Weekly Update for week 1/50 ended 1/17/2009

    Ugly week, down 19K (6%). Not exactly how I wanted to start the year.

    The major setback was on Monday when I tried to fade the sell off. Too leveraged: kind of forgot I have no buffer, as I was starting with a fresh capital base. Tried to come back later in the week on reduced leverage. Really putting in a lot of work into deriving a formula that should govern my leverage. It should depend on strategy, historical performance of strategy, buffer above starting capital, and recent performance of strategy.

    Code:
    
    Opening Balance:               	    	320,064
    Net gain for the week 		        -18,534
    ------------------------------------------------
    Net Balance:                   		301,530
    Number of Trades	            	 23
    Number of Profitable Trades    	    	 11
    
    
    Top/Bottom Discretionary Trades for the week
    
    TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAIN/LOSS	TYPE
    
    POT	2009-01-15-10-33-35	2009-01-15-14-01-38	3000	195480		206279		10784		LONG
    SZCAD	2009-01-15-10-36-40	2009-01-15-14-02-34	10000	15400		22500		6936		SPY CALL
    -----------------------------------------------------------------------
    SPY	2009-01-12-09-45-51	2009-01-12-15-43-09	7000	616843		606830		-10030		LONG
    SZCAJ	2009-01-12-10-08-27	2009-01-12-15-42-35	35000	58138		38500		-20191		SPY CALL
    
    								
    


    [​IMG]
     
    #25     Jan 16, 2009
  6. Actually 4.9%.

    With this week's results in, your target compounded rate has become 5.13%.
     
    #26     Jan 16, 2009
  7. May I suggest a substitution of 'recent volatility of strategy' for 'recent performance of strategy' in your leverage formula?
     
    #27     Jan 16, 2009
  8. neke

    neke

    Case 1) Opening another account: If I cannot get screen shots of performance between any two periods, obviously there would be nothing to confirm results posted. I am not sure all brokers have that feature.

    Case 2) If I split the account (say take half of the balance for some other mode of investment), then the thread title will no more be realistic.
     
    #28     Jan 16, 2009
  9. neke

    neke

    Actually when I mentioned historical or recent performance, I am actually looking at the optimal fraction for the strategy over given time frames, which depends in some ways on volatility. Example options have lower optimal fraction than stocks, because the percentage moves in the positions are much bigger. (You could buy an option at $3 and easily sell at 0.30 one day later (90% move): that is hard to come by in stocks.). Now I am analysing the optimal fraction by strategies (several option strategies and several stock strategies).
     
    #29     Jan 16, 2009
  10. neke

    neke

    See Prior Year
     
    #30     Jan 16, 2009
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