Trader P/L 2012

[FCXoptions]

Quote from rallymode:

worst day this year.

Is that saying you lost $160k today? I'm gonna assume I read that wrong I'm looking on my phone

 

[A2x2]

-50

 

[jtmarlin220]

rallymode is a beast...160k is prob like 3-4% of his account and he will no doubt be positive by week's end

 

[western]

Quote from rallymode:

worst day this year.

You're posting some impressive gains and losses. Care to share what your total net p/l for the year is?

 

[koolaid]

Quote from western:

You're posting some impressive gains and losses. Care to share what your total net p/l for the year is?

He already posted his portfolio analysis a few pages back.

 

[western]

Quote from koolaid:

He already posted his portfolio analysis a few pages back.

Sharp ratios and whatnot are nice for people trying to run a fund and attract investors. But professional traders only care about the bottom line, especially if they are pure discretionary traders, which it looks like rally is.

 

[luisHK]

Quote from western:

Sharp ratios and whatnot are nice for people trying to run a fund and attract investors. But professional traders only care about the bottom line, especially if they are pure discretionary traders, which it looks like rally is.

I'm not sure how useful is the Sharpe and even more the ending VAMI when one is trading with only a small money deposit on his account to cover the margin requirement, but trading based on a much larger money at risk parked elsewhere, but 3 days recovery from the worst drawdon was pretty impressive.

I like this thread, it's nice to see a bunch of daytraders making money consistently rather than reading of daytrading beeing a loser game thread after thread.

 

[sellindexvol66]

the simple fact is its hard to make decent money in any field. i am currently in many business's and there is just as much failure in the ones i play in as trading. (i must admit i feel this field is far superior to what i have experienced) luck, hard work, brains, etc all play a role.

everyone has a shot, but there are many sacrifices too...time being one of the main ones. even the guys who are successful still pay a price.

 

[gmst]

Quote from sellindexvol66:

the simple fact is its hard to make decent money in any field. i am currently in many business's and there is just as much failure in the ones i play in as trading. (i must admit i feel this field is far superior to what i have experienced) luck, hard work, brains, etc all play a role.

everyone has a shot, but there are many sacrifices too...time being one of the main ones. even the guys who are successful still pay a price.

What do you mean by "(i must admit i feel this field is far superior to what i have experienced)". Can you please elaborate?

Also, what price do successful guys pay in your opinion?

 

[FCXoptions]

Already done for the day. I made a great prediction before the market opened on what I thought was going to happen. I was spot on on what I said, however, I did not do a very good job on the entry. I bought too early so I had to average down a little and I rode it out instead of bailing.

Once it got profitable I kept cinching up my stop loss. I had to step away from the computer for a minute and got stopped out but still made a small profit which is what counts.

+61

I added my monthly status in the snip as well. I am still recovering from one big loss earlier this month.