Recently in About Category

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'm starting the year with no current open positions in my Q swing trading account. I have set aside $10,000 for this account and will trade it using my methodology. The way things look right now, I expect to open a call option (Long) on the Q's on either Friday or Monday.

If the QQQQ can get below $50 in that time frame I will be jumping in.

This is my first post of this website. It is a a New Year and New Methodology for my Q trading account. I will post more detailed information about the purpose of this website in a detailed about post.

In a nutshell I trade put and call options on the QQQQ's as a swing trader. The basic holding time frame is anywhere from 1 day to no more than 5 days with an average of about 3 days.

This website is my own personal trading journal. Rather than recording my notes into a notebook, I figured I may as well record them on this website.