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As of my post, the majority (62%) underperformed the S&P 500 last year. I would guess most of those actually had negative returns last year (lost money).
I simply hope these guys are taking some advice and following some of the wisdom I've accumulated over the years. Stop scalping. Start being accountable to yourself. Stop paying any third party vendor/room. Trade "I don't care size", this likely means most all of you need to stop trading futures altogether and trade equities instead (swing trading).
At least by doing these things you will greatly increase your chances. If you aren't doing them, you are just throwing your money away in my opinion.
Hi @ron99, glad to hear it. I am curious how you measure your % gain. Do you use a baseline amount (ie 100,000 capital) or do you calculate a real-time percent gain per trade that dynamically adjusts to your current account balance, and if so how do you account for wire/ACH out (paying yourself)? Are you doing this yourself in Excel, or does your broker provide it?
For the record, here is my return YTD. One of the reasons I like InteractiveBrokers is for their advanced reporting mechanisms.
It's also only fair to show the risk side. There have been a few bad days. I've been working to increase my size this year. I always try and show the ugly side, and I never pretend to be some fantastic trader.
Here are my daily gain/loss percents. Done in excel. Deposits and withdrawals removed before start of day. I have been trading since 1998 but started this chart mid 2010.
In late 2012 and most of 2014 I was in milk futures. Most of the rest is selling options. The ugly day Dec 2013 was being on wrong side of NG with short calls.
I'd share my 2014 results but I fear people wouldn't believe it. I don't have a printout from a broker because I trade at multiple brokers in multiple accounts.
But, Big Mike, you shared your fantastic results so far this year.
You should share. In particular if it includes risk measurement.
I barely traded in 2014, the first half of the year was moving to Ecuador which just about killed me. I only seriously started again around September, and it was around then I started sharing all my trades and stats in my journal.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
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Question.
How do you calculate % return?
If you have $150k in Trading Capital but only keep $50k in your trading account is your return based upon $150k or $50k?
