January, Month in Review

Posted on January 31st, 2007
Written by Richard
Posted in: N/A (old archives)

If you check out the StockTickr calendar view, you’ll see that I rarely wound up making trades Thursdays and Fridays. Thursdays, I generally have other stuff to do for a lot of the trading day. Fridays this month were… just plain boring. Still, my P&L, as well as my trade count, were much higher this month, compared to just 6 trades in December. I had one losing day this month, where I was 0 for 4. Until I went and re-read that day’s entry, I didn’t even remember it. I guess that’s a good thing. Man, that day looked like it sucked :-) But, I kept my losses under control.

Here are my results (which you can also view on stocktickr any time you want):

Total P/L: 13.58 R
Trades Taken: 17
Winners: 12 (70.6%)
Losses: 5
Expectancy: 0.80 R
Biggest Winner: 6.19 R
Biggest Loser: -0.5 R

I continue to focus on finding more trades to take per month, to both make more money and ensure that I’m consistently profitable. Obviously, I’m having fun trying out the Box Play, which so far has a 100% win rate for me. We’ll see how far into February that lasts…

Comments

  • Berti
    Since StockTickr became quite expensive with 49.- per month, does anyone know if there is a software which does the same job (extensive reporting)? Ideally I would be able to import an excel or ascii file with trade data.
  • Thanks, Bill. I use about 1% for trades, and 0.5% for scalps. So, there's a mix in there.

    I keep trying to get to where I initially risk 0.5% or even 0.25% for everything. Then, the plan would be to pile on to winning trades as they go my way. But, in practice, I have yet to make that work out.
  • Great job! What percent do you use for R?
  • I actually haven't computed it (I need to get StockTickr to do it for me... I'm too lazy). I computed my overall PF a while back, but I don't remember what it was at the moment.

    Note that 17 trades is too small a sample to really matter (I treat the monthly expectancy as mostly a curiosity for the same reason). I have 100 trades in StockTickr, total, now, so that would be more meaningful (although I think I am trading better than I was last year). Maybe a 50-trade MA of expectancy and profit factor would be best for tracking the trend.
  • What's your January profit factor?
  • Thanks! If I had just not traded that one day, I'd have had 12/13 win rate. That would have ruled. Maybe next month.
  • Wow. Nice job boss! ;)
  • nice!
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