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Friday, 30 December 2016

A Flat Pancake Trading Year



Oh well!

I guess the streak has to end some day, isn't it?


2013 - Doubled my trading account (Rampage!)

2014 - Tripled it! (Godlike!)

2015 - Up 88% (Double happiness!)

2016 - Up 13%... (Shy, Shy, Shy - Yes, its from K-Pop Twice's Cheer Up MV)



Tale of 2 halves

2016 started fantastic. Got played out as the trend reversed?

Then came mid-year where I thought surely this must be the one...

Nope. Got played out one more time... The market is such a tease!

Luckily, both times I got profit-stopped.


I'm not smart, but even I can take a hint from the price action the market is giving me!

Rather than be stuck in the middle of the ocean with my little sail boat with no winds, I decided to anchor myself back at the harbour. Safety first.

No wind at least I can still do my wine, woman, and song at the taverns that lined the harbour. Was pretty much on the sidelines for the 2nd half of 2016.


Then came mid-November for the US elections. Was positioned for a Clinton win but hey!

Lucky as lucky does!

Wrong but made money!?

Not one to look at the gift horse in the mouth so I cashed out.

A few days later, realised this Trump rally got legs! Jumped right back in.


And here we are. Up 13% for the year.

I guess can't complain. Was only up 5% before the US elections.

The extra 8% came within the last 6 weeks of 2016 - now that's trading for you!



I count in actual dollars

Accounting for my trading account is easy.

I funded it 4 years ago with $1, never took money out nor added new money in.

After 4 years, it has now grown to $12. (For the CNC precision machinists out there, its $12.43. Happy?)


From 11 baggers in 3 years to 12 baggers in 4 years.


Want to know something interesting?

In dollar terms, I made slightly more during 2016 than in 2013 - $1.40 versus $1.00.

Due to the low base effect for 2013, if we count in percentages, its an easy 200% smoke and mirrors spin!

Now you know why most who use fundamental analysis prefer to overlay the Cash Flow statements on top of the Profit and Loss and Balance Sheet statements. Wink.

Cash flow is much harder to fake. (But still possible. Just ask Toshiba shareholders)

That's it!

Closing my trading book for the year.

A flat pancake trading year. Move along now... Nothing much to see.




P.S.  For new readers who are interested in the backstory:







20 comments:

  1. Respectable return. One day, I must buy the bagger master some coffee and learn a thing or two.

    ReplyDelete
    Replies
    1. Yaruzi,

      Do that!

      For your level, Starbucks Frappuccino!

      Too bad you've given up on Unit Trusts; I trade Unit Trusts for my CPIS.

      Now one less topic to talk about ;)

      Delete
  2. Wow smol

    Great trading results. Even wrong trades also make money, correct trades even makes more money.

    How can trading makes you lose money? :D hehehe

    Happy new year 2017!!

    ReplyDelete
    Replies
    1. B,

      Thanks!

      But cannot get carried away ;)

      You should see my face when most of my unrealised profits disappeared when the trend reversed during the China market fallout beginning of the year and Brexit in June.

      Both times I saw you buying the dip ;)

      Next time I shall use you as my exit indicator!

      LOL!


      Just doing my best to delay the inevitable - a losing year.

      Like the girl who puts on SKII diligently every night; I'll never grow old, I'll never grow old ;)


      Wishing you and family a fantastic and super saccharin sweet 2017!


      Delete
  3. Congrats SMOL! :D

    Wishing you a blessed new year with good health, friendship, fulfillment, and prosperity.

    (As financial bloggers, should I add in "Huat ah!!!"?)

    ReplyDelete
    Replies
    1. Unintelligent Nerd,

      Thanks!

      As a Chinese Singaporean who is not ashamed of our dialect roots, by all means, "Huat ah!!!"

      Have a Super 2017 and may the Force be with you, young Jedi ;)

      Delete
  4. Happy new year SMol,

    Next half a year, most of it I will be away from course. Hope I enjoy it ...

    U did well. Com on, u will never run out of topics if u meet u ... lol. I so the boring also can Liao. Looking forward to the 双簧 next year. Dun say say only

    ReplyDelete
    Replies
    1. Sillyinvestor,

      Fantastic! Use the opportunity to get out of your "routine".

      Its good to take the time to sharpen your saw ;)

      Most people do the opposite. Instead of sharpening a blunt saw, they keep sawing "harder"...


      No problem. Anytime. Both the fisherman and me got time ;)

      Delete
  5. Hi SMOL,

    Still great year in 2016 :) More importantly, you had fun and learnt something :)

    Happy new year and may 2017 bring along bigger and better adventures :)

    ReplyDelete
    Replies
    1. LP,

      Yes, at 49 years young, I am still growing and discovering new things about myself :)


      You would have a "bountiful" harvest next year.

      Congrats and wishing you a serene and peaceful night sleep all year round!

      Delete
  6. Hi Smol

    Happy new year 2017! Just wanted to say you remind me of a taiwan music composer "王治平” haha.

    You are like an alternative investment providing alternatives views that are not too mainstream. Learn a lot from your posts and keep going and moving ! Haha

    ReplyDelete
    Replies
    1. Small Time Investor,

      Ha ha! Bald is cool!


      Thank you. I'm one of the 2 dots in the Tao symbol ;)

      I guess a provide a little diversity here, and some comic relief I hope!

      LOL!

      Delete
    2. Bald is cool and frugal too.

      On saving for haircut; senior citizen from $8 to $7. My wife said she knows how to shave bald and then can save from $7 to $0. LOL!

      Delete
    3. CW,

      Don't get me started...

      But then, yeah hor!

      I do save $8 per month!

      Extra $8 for Toto :)

      Delete
  7. Hi Smol

    2 dots are not enough for you, you need 6 dots. Haha.

    ReplyDelete
    Replies
    1. Small Time Investor,

      Cannot, I'm only a flower monk (花和尚)...

      Shhhh...

      Delete
  8. Hi SMOL,

    Wah I'll take make more money in dollar terms than % anyday! Congrats to another fruitful year and many more of such years to come!

    ReplyDelete
    Replies
    1. Joyce,

      Thanks and may you clear more level of Two Dots in 2017!

      I didn't know you had a 2nd blog and stumbled there.

      Was puzzled what kind of new trading technique is Two Dots until I figured out its a game!!!

      LOL!

      Delete

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