That being said, I trade 2 accounts and combined I started 2010 with $52,000 and ended the year with $78,500 for a net return in 2010 of $26,500 or +51%.
Now for an analysis of 2010 trades after crunching all the data.
GCL, RLM, and ZS had enough trades to warrant charting each:
Other charts combine all trades made and are self explanatory.
The reasons for the poor performance in the 2nd half of the year are many. I hit my P/L peak in mid-August at $34,800 and have been in a drawdown since then. Most notably was that my main CL and ZS systems both suffered drawdowns at the same time and I stopped trading them. Turns out that the ZS system would have recovered nicely and returned to normal if I had grinded through the drawdown. The other major factor is evident in the R:R monthly chart above. After March, it starts sloping down. Tweaking systems likely contributed too and I must resist my engineering tendencies to always change things.
Look forward to 2011! Bring it on!
Posts
Too many charts! too soon after the holiday hangover....my head hurts!
ReplyDeleteHowever, best wishes....you know what your strengths are...keep at her.
I may join you in 2011 in keeping better records (then again, I may disappear all together!)
Time will tell.
Impressive, MBA! :-)
ReplyDeletejust saw your excel work on open range I guess you can keep vary the percentage number (doesn't even has to be a fib number) until you get 80% - 99% hit rate.
ReplyDeleteThanks!
ReplyDeleteHope your hangover is gone Sandy.
Cory, just saw that Austin posted my file. Yes, you could easily test out other targets that have higher odds. I've never found any magic in any given fib numbers vs. other "regular" numbers.
I will go for 100% as well and will post my account summary at least weekly. Good luck!
ReplyDeleteThanks FXEdge - Good luck! I just added you to my blogroll.
ReplyDeleteMBA does my little "nibbles at the market" - to quote you - have anything to do with this, you suddenly became a profitable trader, congratulations.
ReplyDelete