I can’t believe that it is already June… wait I can. I have passed my 1 year of trading and in August will be my one year of active trading. So how do you measure your perfomance on the market? Is it weekly? Monthly? I do monthly and I started to look at my overall hit/miss ratio.
So let’s take a look at the numbers:
Percursor - I had a HORRIBLE April. I basically lost 65% of what I had invested. It was an expensive lesson but one that I have fixed. So, I went into May still licking my battle wounds and although it was an overall down month for me, it was a successful month:
Stocks Bought/Stocks Sold (6/5)
Gains/Loss (1/4)
Net Return = -$84.10
Options Bought/Options Sold (43/41)
Gains/Loss (22/19)
Net Return = -$682.00
Spreads Expired (1)
Gains/Loss (0/1)
Net Return = -$490.00
I think the thing that sticks out the most is that I had more gains in the options, but they weren’t profitable enough to overcome the losses. I know that I did this with my RIMM call options that hit my target and I got out. However, I left some profit on the table. One reason is that I had a small amount of contracts, so I wanted to take my profit, and in that I am not upset about the trade. However, if I had set a trailing stop that was much tighter, I could have made more in this trade.
Also in May, I went to Draper UT to the Investools Corporate Headquarters in Mid-May. It was here where I really honed down my rules and trading style. Just as Neo saw the Matrix differently, I see the stock market differently now.
I get the privilege of presenting what I learned in Utah to the people in the Chattanooga User Group. What’s going to be really tough is to condense 3 days of knowledge into 1 to 1-1/2hr.
My Win/Loss Ratio (All-Time) is 53% (W) / 47% (L)
I am going to an Advanced Options workshop in Atlanta in the middle of this month. I’ll go back to Atlanta in September for an Advanced Technicals workshop. I would have really liked to have reversed these, but given the cost of travel, this is the cheapest way for me to go.
I’m looking for a great profitable June.
