Hammering away, slow and methodical

Unrealized losses increased enough today to trigger a 200 share SDS position. I added 100 shares to my UGL, ProShares Ultra Gold. Now down $53, -0.23%. I am still kicking myself for not selling when I had a $400 profit.

Real-time Account Net Worth $98,002.12
Real-time Unrealized P/L ($492.87)
Real-time Realized P/L (Today) $284.33
Net Long Exposure 55%
 
Sold the news by invoking close all positions macro. Done for the quarter. Will top up account to 100K to start the next quarter.

Real-time Account Net Worth $99,484.29
Real-time Unrealized P/L $0.00
Real-time Realized P/L (Today) $989.70

attachment.php
 

Attachments

Code: 
[color=green][b]
Total Net Profit	$10,185.49 
(Per Share)	$0.28 
Gross Profit	$22,362.94 
Gross Loss	($12,177.45)
Profit Factor	1.84
Total Number of Trades	859
Percent Profitable	64.73%
Winning Trades	556
Losing Trades	303
Avg. Trade Net Profit	$11.86 
Avg. Winning Trade	$40.22 
Avg. Losing Trade	($40.19)
Ratio Avg. Win:Avg. Loss	1
Expectancy	0.29
Largest Winning Trade	$1,233.31 
Largest Losing Trade	($196.33)
Max. Consecutive Winning Trades	21
Max. Consecutive Losing Trades	75
Total Shares/Contracts Held	36491
Total Commission	$1,475.67 
Return on Initial Capital	39.17%
Annual Rate of Return	66.33%
Buy & Hold Return	-0.25%
Trading Period	5 Mths, 29 Dys
Max. Equity Run-up(Daily)	$11,252.37 
Date of Max. Equity Run-up	6/29/2012 15:00
Max. Drawdown(Daily)	
Value	($9,676.99)
Date	5/18/2012 15:00
as % of Initial Capital	37.21%
Max. Trade Drawdown	($281.81)
	
Net Worth	$99,484
Wkly Performance	5.89%
Dollar Gain/Loss	$1,818
S&P Wkly Performance	1.97%
Correlation to S&P	0.77
Net Long Exposure	0%
[/b][/color]

attachment.php


I ended the quarter on a high note. I made the mistake of having the opinion that Facebook would boost the market and took more risk than I should have in May. I hope that with my 100K bankroll, I can be happy with under 50% exposure most the time. I see my strategy as toying with the market by taking many different small positions, while keeping a large cash position in reserve. I think one's edge is that that market has no idea of your bankroll, but it is your responsibility to use it wisely.
 

Attachments

Hi Rol,
On Monday 6/25/2012, you were contemplaiting an SPY position.
I got the urge to place a 1000 share position in SPY this morning, but it didn’t feel right. The usual script is to tank Monday then revert later in the week. It would be better to wait another day or two for the selling to subside.
More...
I was wondering if you made the entry?

Also, I have lost track of the basis of your gains. As I recall you started this thread with about $38K, your last statement shows $10K profit. Does this mean you added $52K to your account since January 2012?
 
Quote from Camdo:

Hi Rol,
On Monday 6/25/2012, you were contemplating an SPY position.

I was wondering if you made the entry?

Also, I have lost track of the basis of your gains. As I recall you started this thread with about $38K, your last statement shows $10K profit. Does this mean you added $52K to your account since January 2012?
More...


Hi Camdo,

No I didn't make the SPY entry, but I did do the gold trade. I usually prefer to pick one discretionary battle at a time. I prepared for more of a dip in gold, and tried to stick to my one small entry per day rule. I think I had a pretty good read on the week though. I already had good long exposure, and my desire to stick with my plan overrode any hunches I may have had. May was still stinging a bit. I think this journal has helped me be more accountable for my actions through the advice given, as well as be disciplined.

I started the year with around 30K, but I did a couple large additions in April and June, which I mentioned in the journal, so buying power is skewing the percentage gain/losses. The second half, I won't make additions.
 
Short 200 shares SPY, average price 136.41. Hoping it goes against me so I can add more. . I predict the overnight futures will drop on low volume around 4th of July holiday.

attachment.php
 

Attachments

Just a quick midweek update here. Current exposure is 35%. I will start expressing draw down using $100,000 as my HWM. I plan to withdraw money when the account gets above $100,000 at least thru the end of this year. Current DD is 0.39%. Now wishing I had stuck to my guns on my short SPY position. I think I was uncomfortable with the relatively large dollar value of the position, even though the actual volatility on it was not bad. I will stick with something like SDS or SH in the future, as the dollar value would be smaller on 100 share pops. Also, I can still play it as if I am long the ETF, which is more in my comfort zone. I am now holding 20 positions, with current BP to add 35 more.
 
Good luck Rol, you probably don't need it though.
Your journal definitely wins the award for the best title.
 
You must log in or register to reply here.
Back
Top