At the start of the year I set out to try a little experiment. I wanted to document my trades of a $10,000 account using my swing trading methodology on options of the QQQQ's. My goal was to achieve greater than 50% returns on the account in the year. That was a very aggressive goal and I purposely set the bar high on this trading account.
One thing I learned is a year is a very long time. In the middle of the year I had to pull out some of my money and it took some time to get it funded again. I tried to track and document every trade in this account but a couple of them were to fast and furious to get listed here. Another life event was that I was laid off my day job in the middle of November. Since then I have been concentrating on obtaining new employment and not trading as much as I want.
Today I'm taking a look at my trading log and I find that I started the year in this account with $10,000. The account now sits at $12,204. That represents a greater than 22% gain for the year. That is a great return compared to a loss of 38% in the S&P500. I feel like I have done a great job with this account considering the market conditions and also the constraints on my time.
I will continue to trade and document this account on this blog as much as I can. I feel it is a great tool to help improve my trading methodology.
One thing I learned is a year is a very long time. In the middle of the year I had to pull out some of my money and it took some time to get it funded again. I tried to track and document every trade in this account but a couple of them were to fast and furious to get listed here. Another life event was that I was laid off my day job in the middle of November. Since then I have been concentrating on obtaining new employment and not trading as much as I want.
Today I'm taking a look at my trading log and I find that I started the year in this account with $10,000. The account now sits at $12,204. That represents a greater than 22% gain for the year. That is a great return compared to a loss of 38% in the S&P500. I feel like I have done a great job with this account considering the market conditions and also the constraints on my time.
I will continue to trade and document this account on this blog as much as I can. I feel it is a great tool to help improve my trading methodology.
Congrats on the 22 percent return. Well done!