Trader Year-End Summary

Discussion in 'Journals' started by aqtrader, Dec 30, 2006.

  1. aqtrader

    aqtrader

    I used to post daily on Trader P/L thread. I stopped posting there but
    still enjoyed reading the P/L thread occasionally. Instead I like to
    post all my daily trades in the past year here and also trading
    performance summary. Hope some other traders may follow me to post
    their year-end trading summary. This will be very much interesting to
    know what my trading performance is as compared to other
    traders. Especially I am interested to know what is the average
    per-share gain/loss statistically given the number of trades is large
    enough.

    I think I will keep posting my yearly summary on this thread in the
    following years.

    Here goes gory details of my trading in the year 2006.

    START ACCOUNT VALUE: US 25,000.00

    GOAL: Learn to trade successfully, so only trading small size with low
    risk, and learn to become disciplined, prepare to play bigger in
    following years


    DATA FEEDING: Yahoo Financial, Ameritrade.com and MBTrading.com

    TRADING METHOD: day-trading, RTM (Return to Mean), long and short, US
    stock only, purely TA based (no fundamentals)

    COMMISSIONS PLAN: 1c per share, minimal $1.00 per trade

    TRADING SIZE: adjusted according to volatility, minimal size 10 shares,
    max size 100 shares per trade
    RISK MANAGEMENT: less than 15% account value per trade, no more than 3
    positions of the same stock, no more than 30 positions open at the
    same time, no overnight holdings

    Total number of trades (long and short): 3218 winning: 2015 (62.65%)
    Total number of long trades: 2493 winning (61.37%)
    Total number of short trades: 725 winning 486 (67.03%)
    Average cost per trade: $2893.319
    Average size per trade: 84 shares (Max 100 shares)

    Total Profit: $18612.87
    Commission and Fees: $6779.94 (36.42% of the gross profit)
    Total Net Profit: $11832.87 ( $3.677 per trade, $0.0436 per share)
    47.3% gain for the year
    Long trade profit: $7631.02 ( $3.061 per trade, $0.0368 per share)
    Short trade profit: $4201.85 ( $5.796 per trade, $0.0656 per share) SHORT much better than LONG!

    Total number of trading days: 230
    Average trades per day: 14
    Winning Days: 171 (74.34%)
    Longest Winning Streak: 12
    Longest Losing Streak: 3
    Best Day: $888.90 (20060522) actually should be much better, premature exit on winning trade
    Worst Day: -1455.75 (20060720) but always hold losing to the last minutes of the day
    Average Per Day: $51.447
    Best Long trade: $98.97
    Best Short trade: $94.08
    Worst Long trade: -$698.30 BCSI 20060203 I still remember that day,
    MBTrading stopped working 10 minutes before close, I had to hold
    overnight, and BCSI gaped down huge the next day on bad news.
    Worst Short trade: -$150.86

    Total number of different stock traded: 1209 (NYSE and NASDAQ)
    Weakest Trading Problem: exit winning trade too early and hold losing
    trade too long (Fix: simply holding both winning and losing trades
    to the market close. Back-testing proved much better even though it
    only fixes the first half of the issue).


    For those interested to look at all the details of my trades of the
    year. See the attached file. Dates is YYYYMMDD. Time is HHMMSS.
     
    • 2006.pdf
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      254.1 KB
      Views:
      537
  2. You have a great return...

    You may want to look into how you can achieve the same or better results with considerably lesser effort...

    I trade 1-2 hours a day (usually closer to 1 hour) and get similar returns...
     
  3. Way to go. You are going to make a lot of money over the years if you keep operating like this. Excellent record keeping. It looks like you just boil it down to odds. This is exactly how I trade and I break out my stats the same as you for various strategies.

    A bit of advice to you though. Get a different broker with lower commissions, and increase your share size.
     
  4. Surfeur

    Surfeur

    Nice return :D

    Where is the MaxDD ?
     
  5. aqtrader

    aqtrader

    Thanks,

    MaxDD is -5.4%
    I always keep average account value around $27,000.00.

    Here is my net p/l by months
    01 3389.71
    02 913.97
    03 201.41
    04 1441.05
    05 1910.89
    06 395.85
    07 -411.77
    08 583.40
    09 475.18
    10 1163.54
    11 513.60
    12 1256.04

    Here the net P/L by date
    20060103 283.23
    20060104 81.67
    20060105 400.00
    20060106 24.41
    20060109 86.53
    20060110 135.76
    20060111 559.76
    20060112 -72.28
    20060113 -169.73
    20060117 31.78
    20060118 559.23
    20060119 299.12
    20060120 -244.21
    20060123 420.17
    20060124 50.35
    20060125 597.02
    20060126 223.66
    20060127 53.86
    20060130 -32.85
    20060131 102.23
    20060201 46.71
    20060202 675.65
    20060203 -518.66
    20060206 253.84
    20060207 -992.31
    20060208 311.54
    20060209 -132.09
    20060210 443.87
    20060213 84.97
    20060214 209.02
    20060215 14.97
    20060216 98.79
    20060217 64.52
    20060221 175.78
    20060222 33.52
    20060223 25.47
    20060224 41.67
    20060227 -21.22
    20060228 97.93
    20060301 -213.93
    20060302 30.19
    20060303 -85.38
    20060306 -129.89
    20060307 -67.13
    20060308 243.78
    20060309 -19.24
    20060310 20.83
    20060313 25.70
    20060314 80.80
    20060315 20.01
    20060316 -235.84
    20060317 37.71
    20060320 90.67
    20060321 -3.13
    20060322 -50.90
    20060323 118.50
    20060324 55.15
    20060327 117.35
    20060328 -126.23
    20060329 99.85
    20060330 116.91
    20060331 75.63
    20060403 -60.75
    20060404 16.38
    20060405 108.99
    20060406 216.54
    20060407 155.96
    20060410 75.24
    20060411 270.58
    20060412 13.53
    20060413 121.72
    20060420 107.86
    20060421 -178.28
    20060424 48.55
    20060425 299.75
    20060426 106.24
    20060427 62.51
    20060428 76.23
    20060501 -365.59
    20060502 153.84
    20060503 338.13
    20060504 112.54
    20060505 -120.46
    20060508 40.44
    20060509 94.47
    20060510 102.62
    20060511 -357.15
    20060512 367.71
    20060515 217.78
    20060516 271.88
    20060517 -332.33
    20060518 -26.09
    20060519 218.37
    20060522 888.90
    20060523 72.00
    20060524 441.12
    20060525 22.11
    20060526 120.56
    20060530 -389.77
    20060531 39.81
    20060601 37.97
    20060602 332.01
    20060605 -919.34
    20060606 544.95
    20060607 -168.32
    20060608 686.81
    20060609 170.15
    20060612 -766.12
    20060613 79.49
    20060614 150.24
    20060615 -167.56
    20060616 4.05
    20060619 316.29
    20060620 -3.55
    20060621 15.43
    20060622 10.80
    20060623 87.88
    20060627 37.57
    20060628 119.50
    20060629 92.73
    20060630 -265.13
    20060703 -136.68
    20060705 8.30
    20060706 48.83
    20060707 2.93
    20060710 72.66
    20060711 601.92
    20060712 -149.54
    20060713 -1074.02
    20060714 453.51
    20060717 53.12
    20060718 521.70
    20060719 256.87
    20060720 -1455.75
    20060721 170.00
    20060724 -19.28
    20060725 113.45
    20060726 78.32
    20060727 -146.11
    20060728 122.96
    20060731 65.04
    20060801 125.05
    20060803 23.92
    20060804 242.28
    20060807 10.67
    20060808 53.87
    20060809 -305.06
    20060810 57.91
    20060811 -53.84
    20060814 62.59
    20060815 1.96
    20060816 12.07
    20060817 -38.58
    20060818 34.10
    20060821 38.04
    20060822 -47.36
    20060823 55.87
    20060824 131.00
    20060825 49.46
    20060829 98.21
    20060830 71.65
    20060831 -40.41
    20060901 113.86
    20060905 -3.05
    20060906 -127.75
    20060907 139.54
    20060908 15.10
    20060925 -22.18
    20060926 55.81
    20060927 56.66
    20060928 205.27
    20060929 41.92
    20061002 6.46
    20061003 50.19
    20061004 55.99
    20061005 19.02
    20061006 143.04
    20061009 44.91
    20061010 213.77
    20061011 149.66
    20061012 -339.35
    20061013 19.88
    20061016 14.92
    20061017 411.25
    20061018 193.00
    20061019 46.02
    20061020 -3.16
    20061023 101.79
    20061024 80.04
    20061025 110.33
    20061026 110.76
    20061027 -300.71
    20061030 -5.31
    20061031 41.04
    20061101 -229.41
    20061102 142.20
    20061103 73.97
    20061106 -138.56
    20061107 62.78
    20061108 52.54
    20061109 -42.41
    20061110 -24.96
    20061114 90.01
    20061115 16.83
    20061116 98.70
    20061117 78.45
    20061120 137.67
    20061127 -49.64
    20061128 78.39
    20061129 78.84
    20061130 88.20
    20061201 407.45
    20061204 399.57
    20061205 -5.99
    20061206 7.72
    20061207 62.25
    20061208 -26.14
    20061211 115.16
    20061212 -35.99
    20061213 12.98
    20061214 0.37
    20061215 -28.85
    20061218 -297.47
    20061219 178.76
    20061220 179.44
    20061221 31.50
    20061222 47.32
    20061226 70.54
    20061228 58.77
    20061229 78.65
     
  6. aqtrader

    aqtrader

    Thanks very much for your advice.
    I understand I do have a really long way to go to become a really successful trader. The major issue to me is probably the risk management and emotions. I paid a lot of time in the past few years to study strategies and programming TA and back-testing and investigated various approaches to try to become profitable. Even though I think I probably already find the best strategy suitable for my trading style, but my tolerance to lose is very low and so my buy/short ability is also very low mentally. Good thing for me is I find my huge effort (as compared to my total return) is fun. Fortunately, I do not live on my trading profit and I have a nice job with good monthly salary.

    By the way, which brokerage you think is the best if my trading size is no more than 100 shares. As I know, IB also charges a minimal $1.00 per trade plus other fees.

    Thanks,

    aqtrader
     
  7. aqtrader

    aqtrader

    Thanks,
    I do not believe I can do better with lesser effort but I think I can do definitely better with more effort. When I get more experienced, trading will be sure easier. I am very confident to achieve better results next year. Actually, my real trade of the previous year is only half of my computer back-testing results. One of my goals next year is to try to get closer to or better than back-tested results.

    aqtrader
     
  8. aqtrader

    aqtrader

    Hi,

    2006 was another learning year for me. My trading skills got improved somewhat but
    still a lot of work to reach my final goal.

    The previous 2007 plan was not succeeded because I was unable to
    tolerate higher risk trades.

    Then, I did a lot of coding for more simulations and statistics
    analysis, re-worked various strategies. I am getting more and more
    comfortable with my trading results.


    Here is my 2007 Year End SUMMARY of all my trades.

    START ACCOUNT VALUE: US 25,000.00

    DATA FEEDING: Yahoo Financial, Ameritrade.com and MBTrading.com

    TRADING METHOD: day-trading, RTM (Return to Mean), long and short, US
    stock only, purely TA based (no fundamentals).

    COMMISSIONS PLAN: 1c per share, minimal $1.00 per trade

    Total trades (long and short): 5890 (83% more than 2006)
    Total winning trades: 3661 (61.16% almost the same as 2006)
    Total long trades: 4820
    Total long winning trades: 2987 (61.97%)
    Total short trades: 1070
    Total short winning trades: 674 (62.99%)

    Average cost per trade: $2717.83
    Range of shares per trade: 10 to 100 (after 07/01/2007)
    10 to 150 (before 07/01/2007)

    Total Gross Profit: $43597.83 (up 174.39%)
    Commission and Fees: $12610.53 (28.92% of the gross profit)
    Total Net Profit: $31000.43 (up 124%)
    Profit per trade: $7.40
    Profit per share: $0.0827

    Long trade profit: $18816.12 ( $3.90 per trade)
    Short trade profit: $4201.85 ( $11.39 per trade)

    Total number of trading days: 237
    Average trades per day: 24.85

    Winning Days: 176 (74.26%)
    Longest Winning Streak: 25
    Longest Losing Streak: 4
    Best Day: $4836.95 (20070810) should be better
    Worst Day: -4474.46 (20071119) played average down
    Average Per Day: $183.95
    Best Long trade: $183.35
    Best Short trade: $164.95
    Worst Long trade: -$748.75
    Worst Short trade: -$357.19

    Number of stocks traded during 2006: 1650 (I believe I can beat anyone on this number.)

    As shown, the problem is still the same as the year 2006. So, I need
    to solve these problems in year 2008.
    1. Strictly follow all my trading rules;
    2. Improve the ratio of big loss trades vs big gain trades;
    3. Become more consistent for all market conditions;

    The goal of 2008 is to double the profit.

    See the attached file for all my trades of the year 2007.

    Happy New Year!
     
  9. Another great year, and my advice is still exactly the same as one year ago. Get a cheaper broker and gradually increase your share size. You are underperforming what you're capable of.