I used to post daily on Trader P/L thread. I stopped posting there but
still enjoyed reading the P/L thread occasionally. Instead I like to
post all my daily trades in the past year here and also trading
performance summary. Hope some other traders may follow me to post
their year-end trading summary. This will be very much interesting to
know what my trading performance is as compared to other
traders. Especially I am interested to know what is the average
per-share gain/loss statistically given the number of trades is large
enough.
I think I will keep posting my yearly summary on this thread in the
following years.
Here goes gory details of my trading in the year 2006.
START ACCOUNT VALUE: US 25,000.00
GOAL: Learn to trade successfully, so only trading small size with low
risk, and learn to become disciplined, prepare to play bigger in
following years
DATA FEEDING: Yahoo Financial, Ameritrade.com and MBTrading.com
TRADING METHOD: day-trading, RTM (Return to Mean), long and short, US
stock only, purely TA based (no fundamentals)
COMMISSIONS PLAN: 1c per share, minimal $1.00 per trade
TRADING SIZE: adjusted according to volatility, minimal size 10 shares,
max size 100 shares per trade
RISK MANAGEMENT: less than 15% account value per trade, no more than 3
positions of the same stock, no more than 30 positions open at the
same time, no overnight holdings
Total number of trades (long and short): 3218 winning: 2015 (62.65%)
Total number of long trades: 2493 winning (61.37%)
Total number of short trades: 725 winning 486 (67.03%)
Average cost per trade: $2893.319
Average size per trade: 84 shares (Max 100 shares)
Total Profit: $18612.87
Commission and Fees: $6779.94 (36.42% of the gross profit)
Total Net Profit: $11832.87 ( $3.677 per trade, $0.0436 per share)
47.3% gain for the year
Long trade profit: $7631.02 ( $3.061 per trade, $0.0368 per share)
Short trade profit: $4201.85 ( $5.796 per trade, $0.0656 per share) SHORT much better than LONG!
Total number of trading days: 230
Average trades per day: 14
Winning Days: 171 (74.34%)
Longest Winning Streak: 12
Longest Losing Streak: 3
Best Day: $888.90 (20060522) actually should be much better, premature exit on winning trade
Worst Day: -1455.75 (20060720) but always hold losing to the last minutes of the day
Average Per Day: $51.447
Best Long trade: $98.97
Best Short trade: $94.08
Worst Long trade: -$698.30 BCSI 20060203 I still remember that day,
MBTrading stopped working 10 minutes before close, I had to hold
overnight, and BCSI gaped down huge the next day on bad news.
Worst Short trade: -$150.86
Total number of different stock traded: 1209 (NYSE and NASDAQ)
Weakest Trading Problem: exit winning trade too early and hold losing
trade too long (Fix: simply holding both winning and losing trades
to the market close. Back-testing proved much better even though it
only fixes the first half of the issue).
For those interested to look at all the details of my trades of the
year. See the attached file. Dates is YYYYMMDD. Time is HHMMSS.
still enjoyed reading the P/L thread occasionally. Instead I like to
post all my daily trades in the past year here and also trading
performance summary. Hope some other traders may follow me to post
their year-end trading summary. This will be very much interesting to
know what my trading performance is as compared to other
traders. Especially I am interested to know what is the average
per-share gain/loss statistically given the number of trades is large
enough.
I think I will keep posting my yearly summary on this thread in the
following years.
Here goes gory details of my trading in the year 2006.
START ACCOUNT VALUE: US 25,000.00
GOAL: Learn to trade successfully, so only trading small size with low
risk, and learn to become disciplined, prepare to play bigger in
following years
DATA FEEDING: Yahoo Financial, Ameritrade.com and MBTrading.com
TRADING METHOD: day-trading, RTM (Return to Mean), long and short, US
stock only, purely TA based (no fundamentals)
COMMISSIONS PLAN: 1c per share, minimal $1.00 per trade
TRADING SIZE: adjusted according to volatility, minimal size 10 shares,
max size 100 shares per trade
RISK MANAGEMENT: less than 15% account value per trade, no more than 3
positions of the same stock, no more than 30 positions open at the
same time, no overnight holdings
Total number of trades (long and short): 3218 winning: 2015 (62.65%)
Total number of long trades: 2493 winning (61.37%)
Total number of short trades: 725 winning 486 (67.03%)
Average cost per trade: $2893.319
Average size per trade: 84 shares (Max 100 shares)
Total Profit: $18612.87
Commission and Fees: $6779.94 (36.42% of the gross profit)
Total Net Profit: $11832.87 ( $3.677 per trade, $0.0436 per share)
47.3% gain for the year
Long trade profit: $7631.02 ( $3.061 per trade, $0.0368 per share)
Short trade profit: $4201.85 ( $5.796 per trade, $0.0656 per share) SHORT much better than LONG!
Total number of trading days: 230
Average trades per day: 14
Winning Days: 171 (74.34%)
Longest Winning Streak: 12
Longest Losing Streak: 3
Best Day: $888.90 (20060522) actually should be much better, premature exit on winning trade
Worst Day: -1455.75 (20060720) but always hold losing to the last minutes of the day
Average Per Day: $51.447
Best Long trade: $98.97
Best Short trade: $94.08
Worst Long trade: -$698.30 BCSI 20060203 I still remember that day,
MBTrading stopped working 10 minutes before close, I had to hold
overnight, and BCSI gaped down huge the next day on bad news.
Worst Short trade: -$150.86
Total number of different stock traded: 1209 (NYSE and NASDAQ)
Weakest Trading Problem: exit winning trade too early and hold losing
trade too long (Fix: simply holding both winning and losing trades
to the market close. Back-testing proved much better even though it
only fixes the first half of the issue).
For those interested to look at all the details of my trades of the
year. See the attached file. Dates is YYYYMMDD. Time is HHMMSS.
