6 months ago I decided to have a go at trading full time. Since I quit my work mid last year, it was a good opportunity to do what I’ve always wanted. I’m starting very small; my main aim is to just work on my trading strategies and plan.
My goal in this first year of trading is to survive and if possible do the following:
1.Keep my capital
2.Outperform the XAO (Australian Index) = 3-5% during trade period
3.Outperform the Online Savings interest rate = ~ 6%
4.Outperform our Mortgage interest rate = ~ 7%
I’ve decided to analyse my trade every 20 trades, I think it is just enough number to have a comprehensive statistics.
Trade Period = 6 months
Total Number of Trades = 20
Total Number of Winning Trades = 8 (40%)
Total Number of Losing Trades = 12 (60%)
Average Win to Loss Ratio = 2.7
Average Trade Hold Time = 31.7 days
Average Winning Trade Hold Time = 51 days
Average Losing Trade Hold Time = 18.6 days
Percentage Return on Capital Outlay = 53%
Percentage Return on Total Capital = 15%
Trading is hard work but it can be very satisfying. I like the lifestyle, I love working from home and I can do it anytime I want.
15% is not that bad considering the Australian market has pretty much gone sideways in the last 6 months. There is definitely room for improvement (hopefully).
Trading Analysis
May 7th, 2012 at 07:47 am
May 15th, 2012 at 11:58 pm 1337122724
Is this day trading? Options? Futures? Penny stocks? Forex?
May 31st, 2012 at 06:55 am 1338443751