Trader P/L 2012

Quote from mastacoli71:

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gotcha...my p/l match from different displays; i will do the other ib p/l (i have other p/l forms posted in past) going forward to satisfy the thread.


edit:

i got the realized to show in that summary but it is actually empty and this week i did a lot of trades..very profitable ones at that.

i'll work on that display , but post the others for now.
 
Quote from sellindexvol66:



rallymode has posted the same as i do and for what its worth i think he is conservative.
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mastacoli is right, the net including commissions column is only correct if you dont carry positions over night. For example, if your only trade for the day was short the ES, it will show the notional value of your trade as gains. Obviously that's not correct. On the other hand if you add and remove positions in your inventory the realized PnL column will also be incorrect. The best way with IB is to track your NLV increase/decrease between statement periods unless you go flat EOD.
 
Quote from Jestersofmalice:

great results, sellindexvol.
I'm assuming you don't use charts or TA or anything like that?
regards.
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Quote from riffrafffpatrol:

Why would u assume that???
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Because, in my experience, the people who genuinely make consistent, big profits year after year, do not care much for charts/technical analysis etc. Most of them think it's just voodoo nonsense.

And RiffRaff, it looks like my assumption was correct ;) :


Quote from sellindexvol66:

for my trading it really does not come in to play. more of a multi price relationship, mean reverting thing i do.
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cheers
 
Quote from d08:

Thanks njrookie and sellindexvol. A fairly bad first half for me though (36% thus far), quite a lot below my goal of 50% - can't blame a "bad trading environment" either as it clearly wasn't that. Would be interesting to know the first half results of people.
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My return for first half is 62%. BTW I personally use MTM to calculate profit and losses.
 
Quote from Jestersofmalice:

Because, in my experience, the people who genuinely make consistent, big profits year after year, do not care much for charts/technical analysis etc. Most of them think it's just voodoo nonsense.

And RiffRaff, it looks like my assumption was correct ;) :




cheers
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While I believe there is more than one way to skin a cat-- I personally trade strictly based on supply and demand via multliple time frame analysis... in the "90% winrate" I have a number of posts detailing AAPL turning points that reflect supply and demand to the left of the chart... it is no coincidence the type of action that is described in my posts in that thread (feel free to look it up in the post list under my screenname) works... This is the wrong thread however to discuss it- so if you want to provide input- i suggest replying to that thread instead once you review.
 
In my view anytime you are using historical data - price or volume - to make trading decisions, you are doing technical analysis. Call it whatever you like, price action (support, resistance), indicators (SMA, EMA, MACD), or time series analysis (AR, ARMA, GARCH, COINTEGRATION), etc.

In short term, price and volume dominate fundamental or macro information and behave like a sufficient statistics for decision making:

1. I do not know what is the outcome of the news;
2. I do not know how market as a whole will react to the news even if I know what the outcome is;
3. Price does lie. It tells you what is the dominant force at the moment. You do not trade the news. You trade other market participants.

Just my 2c.
njrookie
 
Quote from njrookie1:

In my view anytime you are using historical data - price or volume - to make trading decisions, you are doing technical analysis. Call it whatever you like, price action (support, resistance), indicators (SMA, EMA, MACD), or time series analysis (AR, ARMA, GARCH, COINTEGRATION), etc.


njrookie
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Agreed
 
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