Welcome in my trading report for January 2016. First month after almost 8 years of my trading, that I focused just on few strategies. I’ve got goals for 2016 and this are steps that will help me to reach them 🙂 If you are interested what’s my result for last month and what are my thoughts on changes that I implemented in trading… read more.
If you wanna now my result and trading statistics for January – read more.
The most important events on stock exchange last month
Great volatility on markets. For me especially 2-3 weeks of January was great for strategies that I’ve been using.
Number of trading days
In January there was 19 trading days. There were two days that markets were closed.
Personally I trade in January in 19 sessions. But anyway I shouldn’t. Last week of January I’ve been sick and should be resting not trading. I earned 0 in last week. I lost not much, but anyway I lost few days that for sure I should spend not in front of monitors 😉
Events affecting trading
Again, please read this two important articles. There you will find what I’ve implemented in my trading from January:
Monthly balance sheet
I finished the January with a result: 7,37%.
Previous month: –
This is a result including average capital, which in the month scale was invested in opened positions.
I started January fighting with myself. I was prepared for trading just 4 strategies, but all in all I was trying also to use my older strategies. All in all… I wasn’t focused on what I should traded. From 2 week of January situation changed. I totally focused on my new conceptions. And here we go. 2 great weeks, that helps me to believe that changes that I implemented are worth it. I have focused on my niche.
Summary result from the beginning of year 2016: 7.37%.
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 4787 transactions to the total number of 168 companies. I trade less… but anyway the number of transactions is even bigger than in last months. It is the result of scaling into positions. I add a lot to my initial positions and also not closing whole position at once, but closing partially.
Average value of a single position
Average value to opened position: 1180 shares.
Previous month: 1158 shares.
Average time of keeping all positions.
In December: 6 minutes 31 seconds (in December 6 minutes 08 seconds).
With division into positions:
- long: 4 minutes seconds
- short: 9 minutes 25 seconds
Again… I’m holding position much longer than I used. It is the result for adding some changes to my strategies.
Transaction effectiveness
Effectiveness in January: 58.16% (in December 44.55%)
With division into positions:
- long: 63.93%
- short: 48.65%
Nice increased in effectiveness.
Effectiveness with division into hours
Pre and post market – again with best effectiveness. I usually traded at this hours – VXX, UVXY. Not a lot of trading during lunch time – so between 11.00 to 1 p.m. or sometimes even 2 p.m.
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: $
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.
