An Accountant's Journal

I Traded Yahoo today. It opened at 35.88 and the pivot point was 36.03, so the bias was to short. It went up slightly and I placed a market short sell order for 255 shares when it was at 35.96, I didn't get filled until it was 35.79 thats 17 cents off, but the stock was declining and there is that uptick rule so I couldn't get too angry. After my order was executed it jumped up to 36.10 but then continued to go down the rest of the day. I covered at 1:45pm when the stock was 35.40, I could have hung in there for 20 more cents but I took my 1.1% profit and rolled with it.

Gross Proceeds: $99.45
Less Commissions: $14.45
Net Profit: $85

Good start to the week, let's hope I can continue it.
 

Attachments

I haven't placed any trades the last three days because I haven't been seeing anything I like at the open. I have attached my excel trading log so that you can see the effect my trades this month had on my account. Stats are horrible this month as well as my performance compared to the Dow and S&P, but this is only my second month into it, I don't think I did too bad. $5,000 is the investment (my equity) in the account so far. Hopefully July (My birthday month) brings me more luck.

Accountant
 

Attachments

Haven't posted here in a couple months, attached is a summary of the trades i made in July and august. Had two terrible trades in July and one in August that killed my profits. All three were mental errors and shouldn't have costed me the amount they did. But take a look. I will post my trades on a weekly basis from now on since I only make a few a month anyway. I took a vacation two weeks ago which is why August is a bit light in terms of trades.

Signing off,
Accountant
 

Attachments

Mister accountant
You are trading risky stock from Dow 30 to internet stock
yhoo ebay aapl which are very risky
u need to be more carefull in does stock as they are very risk stocks
 
Good to see you back accountant. I still like your system and style. You win some you lose some...but overall your original strategy is great. Stay with the basics and inch along!

Michael B.
 
Terrible month of September. Below are the trades I made. I made many mistakes this month, one was trading a stock I shouldn't be trading, CTTY. I decided to once again optimize my backtesting strategy. Now I will only be trading VC, and I will be setting a 15 cent stop loss. I backtested the results and 15 cents is the optimal stop loss for my strategy. Let's see if October's results are positive.

I was about break even before this month, now its a different story and I have to pull it together for October.

Accountant
 

Attachments

Do you believe that your position sizing is in line with your stop loss? It seems to me like you are taking small wins and much bigger losses (a magnitude of at least 4 times). I'm considering only the results shown in your spreadsheet for Sept.

Have you look at this aspect of your results?
 
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