Trade Results for February and March 2009

Back on February 17, I told my subscribers that I would do a better job of tracking my trades. Here are the results from February 17-March 16. All trades were noted in the Trade Report, and some were also mentinoed here. Note that I do not take commission into account in these results.

Total Profit = $3464

Total Wins = $6605
Total Losses = $3141

Total Trades = 15
Total Wins = 9
Total Losses = 6

Win rate = 60%

Average Win = $733
Average Loss = -$523

The Trades

February 18

200 VLO at $22.94. Exit at $21.88. -212 (-4.6%).
200 STLD at $11.56. Exit at $10.50. -212 (-7.9%).
200 USO at 23.88. Exit at $26. +424 (+8.9%).

February 23

400 SSO at $18.55. Exit at $16.90 -660 (-8.9%).
75 GOOG at $339. Exit at $326. -975 (-3.8%).

March 4

200 SSO at $15.86. Exit at $14.90. -192 (-5.5%).
350 USD at $10.72. Exit at $12.50 and $15.25. +1035 (+27.6%).
200 SIGM at $13.20. Exit at $14.50. +260 (+9.8%).
200 MOS at 39.10. Exit at $42.10 and $39.10. +600 (+7.7%).
300 (s) AAPL at $89.20. Exit at $83.50. +1710 (+7.1%).

March 9

100 FDX at $35.50. Exit at $37.50. +200 (+5.6%).
300 X at $17.25. Exit at $19.25 and $21. +862 (+16.6%).
200 (s) AEM at $49.80. Exit at $45.80. +800 (8.7%).
300 SSO at $14.25. Exit at $16.26 and $17.02. +714 (+16.7%).

March 13

300 SRS at $61.55. Exit at $58.50. -900 (-4.8%).

Thoughts: While not analyzing the individual trades, I am not happy about the size of my average loss. I expect my wins to be at least twice as large as my loses. I don’t like to rely on a high win rate. I don’t mind taking a lot of small losses.

The problem here is not the amount the risk/reward per trade. My stops were tight, and the *percentage gain* of my wins outpaced losses by a large margin. The problem was with my position size.

I hope to start analyzing these trades individually in the coming days.
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