Today is May 1st and I figured I would document the performance of my trading. I should do this on a monthly or at a minimum on a quarterly basis so I can document my performance in this trading journal. I currently track all of my trades via a Google Docs spreadsheet. I love Google Docs, it works great when you need information from any location in the world and allows me to track my trades from work, home, or anywhere I can get a net connection.
I started the year with my Qswings portfolio at $10,000 and as of May 1st the portfolio is now at $11,860. So I have gained about 18% in five months. I have made 29 trades and 16 of them were profitable. I was burned by the first couple of losing trades by being too heavily invested (over 25-40% of the portfolio in a single trade.) I have since tried to limit each trade to 10% of the portfolio on average so any loosing trade doesn't impact the total portfolio as much.
My goal for this portfolio is to double on a yearly basis. It is a lofty goal and I'm falling behind a bit currently. However, I'm not complaining to much since I'm still doing well and in the green.
I started the year with my Qswings portfolio at $10,000 and as of May 1st the portfolio is now at $11,860. So I have gained about 18% in five months. I have made 29 trades and 16 of them were profitable. I was burned by the first couple of losing trades by being too heavily invested (over 25-40% of the portfolio in a single trade.) I have since tried to limit each trade to 10% of the portfolio on average so any loosing trade doesn't impact the total portfolio as much.
My goal for this portfolio is to double on a yearly basis. It is a lofty goal and I'm falling behind a bit currently. However, I'm not complaining to much since I'm still doing well and in the green.
Leave a comment