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Monthly Report January 2013

Posted by GoodTrader on Fri, 01 Feb 2013 , Add your Comments !
On this post you can read a short summary about my trading in the markets.

Market Behavior

Nasdaq 100 Index

The market has been bullish on January 2013 but has not been driven by tech stocks. I usually use the Nasdaq 100 as a benchmark and as you can see in the above chart, this index has remained in a trading range.

Better behavior showed the S&P 500 that has retained its upward trend throughout the month.

S&P 500 Index

Currently the markets have started to correct high overbought levels.

My Trading Summary

The best way to evaluate your trading is to look at aggregate statistics and not paying too much attention to single trades. For this reason I created a small table with the most relevant statistics of my trades for the month and for the whole year.

The tables show only the trades closed. These tables do not include the trades I do with index options because the risk parameters and behavior are different and I do not want to distort the statistics mixing different things.

Take a look at the monthly table below:

January 2013
Closed Trades3
Winning Trades1
% Winners33.33%
% Average Win+17.88%
% Average Loss-4.33%

I have done few trades, therefore the statistics are not significant for now. Although I am satisfied with the result shown by the winning trade and by the fact that the average loss is kept below 5%.

The next report will also show the accumulated data of the year.

Learning Process

This month I have learned valuable lessons that have allowed me to improve the process of selecting stocks that come into my watch list.

I have also been pondering about the following statement:

Almost every day there is a chance to make money in the markets but only some days those opportunities align with our trading strategies.

Before ending this post, I want to highlight the following quote from Brett N. Steenbarger:

“Successful traders are immersed in the entire process of trading, not just the process of making money from trades.”

I recommend you make a summary of your trading once a month, is a good way to monitor your progress and push yourself to improve to reach your goals.

Happy Trading!
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