Welcome in my trading report for February 2016. Great volume, volatility – nothing more than I can ask for 🙂 I hope this will continue in next weeks, months.
If you wanna now my result and trading statistics for February – read more.
The most important events on stock exchange last month
Great volatility on markets. Maybe not the same as in January, but still very good. I add one more indicator to my strategies. I’ve been watching level where options are traded on stocks that I’ve been watching. How I can do that – simply by using Trade Ideas Stock Scanner.
Number of trading days
In February there was 21trading days. There were one day that markets were closed.
Personally I trade in February in 17 sessions.
Events affecting trading
I don’t feel good in February so mostly I focused on first 2 hours of session. Then I rest 🙂
What I traded
On weekly basis I do publish – “Last week market movers“. It is weekly recap of stocks that I’ve been trading. Also on Facebook and Twitter I publish on daily basis stockwatch list and stocks that I’m trading.
My most profitable transaction were made on:
- ARMH
- ARRS
- ATVI
- CENX
- DVN
- COP
- ETP
- FIT
- GOGO
- SWN
- ZAYO
Biggest lost on:
- VXX
- CAR
- ETE
- CTL
- CMRX
Monthly balance sheet
I finished the February with a result: 3,25%.
Previous month: 7,37%
This is a result including average capital, which in the month scale was invested in opened positions.
First time ever I had 9 days in month on red. It didn’t affect my result so much because these minus were small. But anyway I don’t feel good with that. Only twice I made bigger minus – so level when I stop trading during session. On another 7 session it was maybe 30% of my daily stop loss.
Summary result from the beginning of year 2016: 10.62%.
This is a result including average capital, which in the month scale was invested in opened positions.
I have much increased the capital that I’ve been trading in 2016 when I compare it to 2015. In 2016 I will increased it even more once I reach some goals for 2016. On of them is to increase sizes accordingly to the result generated. I have a constant level of used capital. I don’t raise it, because I don’t have such a need – I use solid strategies that are adapted up to specified value of opened position. Invested funds are increased, when I raise the volume of opened positions. Therefore, it is included in the monthly balance sheet.
Generated profits in a given month are paid from the trading account.
Transaction statistics
Below I present analysis of concluded transactions. This analysis is carried out by me every day before the session. Below I place an analysis in the scale of entire month along with information which from my point of view are the most important and to which I pay attention modifying my strategy in subsequent sessions.
In November I conducted 4276 transactions to the total number of 172 companies. Mostly breakout/breakdowns and tape reading.
Average value of a single position
Average value to opened position: 1312 shares.
Previous month: 1180 shares.
I’ve been increasing initial size that I traded. So at this moment I open 2000 shares as initial size then add x2, x3 etc.
Average time of keeping all positions.
In February: 2 minutes 36 seconds (in January 6 minutes 31 seconds).
With division into positions:
- long: 2 minutes 12 seconds
- short: 3 minutes 52 seconds
Decrease in time of keeping positions. The reason is simple – I traded a lot focused on tape reading. So there was tons of very quick transactions.
Transaction effectiveness
Effectiveness in February: 43.34% (in January 58.16%)
With division into positions:
- long: 44.01%
- short: 41.2%
When I trade breakouts/breakdowns – effectiveness is 60%. But when adding tape reading (so strategy in which my stop losses are very close to BE) effectiveness is lower..
Effectiveness with division into hours
I traded not a lot in first 30 minutes – big spreads, not a lot of orders on Level II.
How it looked like in last month:
Fixed costs from trading
Below I present costs that involve use of: platform, quoting, additional orders of shorts from the HTB list (hard to borrow).
- Trading platform: 130$/month
- Quoting: 285.74$/month
- Sterling Scanner: 40$/month
- Trade Ideas scanner: 74$/month (use special coupon codes for Trade Ideas just for BeDayTrader.com readers!)
- Benzinga PRO news: 39$/month
- Hard to borrow list: 52$
Fixed costs is a platform and quoting (in case of quoting I use all data, hence the maximum price). Additionally, I use scanners and system of news.
Hard to borrow – it’s cost of order additional shorts, which aren’t free available in a given session.
Note that I don’t treat the above mentioned charges as an expense. Of course, if they weren’t – I wouldn’t be mad 🙂 However, they constitute an indispensable monthly element. The same as loss positions, there are costs which I incur in order to use fully my strategies.
Thank you for reviewing my report trading. In consecutive month there will be other! Meanwhile, feel free to add comments below!
Described above statistics concern the account, which I use as part of RemoteDayTraderGroup.com; It is group of Proprietary Trading type – focused on trading on American stock exchanges of NYSE | NASDAQ | AMEX.
