Well, I'm down -3% last year.
Or lost $0.38 cents for 2019.
The easy thing about tracking my trading performance yearly is its simplicity.
Just compare the 1st Jan 2020 financial statement of my trading account with last year's and I'm done!
Last year I started with $11.66.
Ended the year with $11.28.
For the last 3 years, I've been stuck between $11 and $12 - hentak kaki or what?
2013 - Doubled my trading account (Rampage!)
2014 - Tripled it! (Godlike!)
2015 - Up 88% (Double happiness!)
2015 - Up 88% (Double happiness!)
2016 - Up 13%... (Shy, Shy, Shy - Yes, its from K-Pop Twice's Cheer Up MV)
2017 - Down -8% (Opps!)
2018 - Up 6% (Road to recovery?)
2019 - Down -3% (Smack to the face. In your dreams! Recover your head!)
Like fireworks, I'm beginning to look like fizzling out...
Flustered?
No.
In 2017, I was wrong and down -8%.
In 2019, I was totally wrong again. This time down -3%.
Let me indulge in an "Ah Q" moment - I've made progress.
Wink.
LOL!
2019 was a year of record-low volatility for the forex market. You're not alone. Read this article.
ReplyDeletehttps://www.ft.com/content/4e6e495a-1b61-11ea-9186-7348c2f183af
It's very hard for traders to make money in this kind of environment. So, under this kind of market conditions, I think your performance is commendable.
I hope you have a less peaceful year in the forex market in 2020 compared to 2019 :) Too much peace is bad for traders. 乱世造英雄.
hyom,
DeleteLOL!
Tell me about it...
I'm patiently waiting... And waiting...
Its a test on my trading craft.
I'm lucky in the sense I'm not depending on my trading for income.
If not, for the last 3 years I'll be eating grass :(
Ouch!
Steady lah as you are still in the game.
ReplyDeleteCW,
DeleteYes, that's why I'm not too flustered.
I don't count in 2 decimal places.
If the USD has not weakened into the closing of 2019, I would have been flat for the year.
80% of my trading account is denominated in USD. Its just normal currency fluctuations.
The post is to have a bit of fun poking myself.
You are observant.
The 1st rule of trading is not how much we can make?
Its how much of our capital we can protect when we were wrong ;)
Hi SMOL,
Delete"Its how much of our capital we can protect when we were wrong" - we play to win or play not to lose?
When 'play to win' dak boleh, then switch tactic to 'play not to lose'?
I feel I am like that last year. No good. :/
Rainbow girl,
DeleteI guess you are feeling a bit shellshocked from last year ;)
Its not about black and white whether we play to win or lose.
We'll always have losses and losing trades in trading.
The subtle nuance is more how much more we can make when we were right; and how little we can lose when we were wrong ;)
Eg, when Stanley Drunkenmiller put on the short Pound trade, George Soros encouraged him to go for the jugular - piled on more leverage - that's how they broke the Bank of England. How often such trades come along in our lifetime?
What's the point of having a 10 bagger when that position is "only" 2% of our portfolio?
Play not to lose? Then put in CPF.
That's savings; not investing.
No. I'm hinting about risk management - not play NOT to lose.
The no. 1 reason why 95% of traders lose money and bust their accounts is....?
Even retail investors need to get their position sizing right relative to their account size
DeleteCW,
DeleteMost retail courses just stick with the Method as that's what most bei kambings want - if only I got the holy grail...
Few touch on the Mind and Money Management parts.
Method is like our old education focus on rote memory and precedents - ace the 10 year series can oredi! Everything black and white essy! Can backtest with precision too!
But Mind and Money are what big daddy is introducing with all the education changes in recent years - no correct answers; just what suits you best!?
Welcome to grey ;)
Hi SMOL,
ReplyDeleteNope, the shell-shocked year was the year before haha.
"The no. 1 reason why 95% of traders lose money and bust their accounts is....?"
They don't know when to cut their losses.
Rainbow girl,
DeleteWhat doesn't kill us will only make us stronger ;)
The trick is to stay in the game long enough for either of the 2 things to happen, whichever comes first:
1) We finally "got it", or
2) Lady Luck smiles on us ;)
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