Welcome in my trading report for October 2015. IV quarter has just started. I really like trading stocks that published financial reports. Currently there are a lot of them. Daily between 200-500 companies publish financial reports.
The most important events on stock exchange in October
Very strong last 5 weeks. Bulls come back on market! We are almost at the same level that before drop in August.
Number of trading days
In August there was 22 trading days.
Personally I trade in August in 12 sessions. I missed 10 sessions. I was on a holidays.
Events affecting trading
No important events in August. The most important thing for me was a holidays. From time to time it is good to rest, especially when daytrading. After holidays I am again happy when trading.
Monthly balance sheet
I finished the August with a result: 8.95%.
Previous month: 2.25%
This is a result including average capital, which in the month scale was invested in opened positions.
Despite the fact that I was trading only 12 session it was good month. Period when many companies publish their financial reports is the best for my style of trading. A lot of good patterns/signals.
Summary result from the beginning of year: 106.57%.
This is a result including average capital, which in the month scale was invested in opened positions.
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 September I conducted 1818 transactions to the total number of 116 companies. Majority of transactions were carried out with a use of breakout/breakdown strategies supported with tape reading.
Average value of a single position
Average value to opened position: 998 shares.
Previous month: 1071 shares.
Average size of the position remain at the same level. Recently I’m trying to scale in when opening position.
Average time of keeping all positions.
In October: 3 minutes 42 second (in September 4 minutes 1 seconds).
With division into positions:
- long: 2 minutes 50 seconds
- short: 5 minutes 21 seconds
Again short positions were held longer. What again is a confirmation that short trading is more often and longer used by me. I like such trade far more.
Transaction effectiveness
Effectiveness in October: 47.98% (in September 45.74%)
With division into positions:
- long: 47.92%
- short: 48.03%
The effectiveness of short transactions is greater than long. So it is almost the same like every month. The effectiveness in October increased. If I divided effeciveness on strategies: scalping, momentum/breakdown/breakout it looks a little bit different. Effectiveness when using momentum/breakdown is 60-65%. Much lower is efectiveness when scalping. Mostly because I do close position very quickly if it is not going my way.
Effectiveness with division into hours
The worst effectivenes was in last 50 minutes of trading session. Very low for me. When I’ve noticed that my strategies don’t work in last 1h I simply limited my trading in last hour.
The best transactions were made between 12:50 am to 1:15 pm.
How it looked like in last month:
Effectiveness with division into weekdays
Effectiveness as in hourly division decreased. Monday – my worst day.
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$/month
- Trade Ideas scanner: 43$/month
- Benzinga PRO news: 39$/month
- Hard to borrow list: 0$
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.
