Sunday, November 11, 2012

Week 6: Thank God it is Over!


Week 6 was the roller coaster ride from Hell.  On the good side, I didn't have a heart attack so my arteries must have cleared up a bit. 

So week 5 ends with my account up 80.39%.  By Monday afternoon, the account is up 101%.  By Monday evening I'm visiting different internet sites to see which power boat I'll be buying next year.  Then came Election Day...  Obama won...  reality hit the markets...  The account that was up 101% on Monday was barely up 64% Wednesday evening/Thursday morning.  I did say in my last report that I was expecting the market to triple play me, but knowing beforehand does not make it any easier to swallow.  In the end, the account recovered most of its losses and ended down 2.08%.  Since I was way ahead of schedule last week, this week's loss puts me behind schedule by very little...  0.52% or $5.41.

I was very impressed by the way most of my strategies managed to recover their losses, except for one.  The strategy I trade off the daily chart gave me the biggest losses this week, after 5 weeks of picture perfect trades.  I think the price action created by the volatility of Election Day week was just too much for my inexperience.  I should have followed the lead of more veteran traders and just held off from trading at all last week.  Now I know for 2016.


Starting Capital:        $1,040.73
Current Balance:       $1,838.31

Performance:        76.64%

Week    Performance
  1                13.14%
  2                17.71%
  3              - 10.54%
  4                18.62%
  5                27.63%
  6              -   2.08% 

CAS

Friday, November 2, 2012

CORRECTION!! Week 5: Unholy Profits

The actual percentage for the week was 27.63%, NOT 39.05%.

Guess I'll have to keep waiting for that 30%+ winning week.  :)

Week 5: Unholy Profits


This was our fourth double digit winning week.  To the tune of 39.05% for the week, I'd say our week was immorally good.  A couple of changes made mid-week contributed to our success, I think.  I got rid of a strategy that had lost me about $153 by Wednesday.  This is about 15% of our starting capital so it is not acceptable.  Although for the 5 weeks the strategy still netted us a few percentage points, I'd rather get rid of it and put more money in the strategies that are currently netting us higher percentages.  I also incorporated a new strategy that proved surprisingly profitable in the 2.5 days that I traded it.  Although I do not expect any more 30%+ weeks in the rest of my life, I hope that this week's changes will make the goal of 10% profits per week easier to achieve.

Last week, I was 5.07% behind schedule.  I should've been up 46.41% and was up 41.34%.  This week's performance  now puts us ahead of schedule by 19.34%.  Target profit for Week 5 was $1,676.11 or 61.05%.  At the close of trading today, our balance was $1,877.37 or 80.39%.  Target for Week 6 is $1,843.72 or 77.16%.  As long as I don't have a big losing week, I should be able to stay on target.  However, home run weeks like this one are usually followed by market triple plays, where the market just shuts down my strategies and hands me significant losses.  Next week should be an interesting one.

Starting Capital:        $1,040.73
Current Balance:       $1,877.37

Performance:        80.39%

Week    Performance
  1                13.14%
  2                17.71%
  3              - 10.54%
  4                18.62%
  5                39.05%

CAS