I've been active/day trading since Dec 5th, often twittering about my buys, sells, and frustrations. I've had some great wins, big losses, lots of average results, and lots of time spent. So how have I been doing?
After this time, we are up 1%. Compare that with:
SPX: 876 to 874, even
DJI: 8635 to 8375, - ~3.5%
Nasdaq: 1509 to 1558, + ~3%
Berkshire-B: 3360 to 2994, -11%
TSX ishares: 12.5 to 13.57, +9%
ABB bond fund: 99.3 to 102.5, +3%
Warren Buffet was a big drag on us as it was close to 18% of our portfolio
I'd have to say the verdict is so so. Even with S&P500 and trailing nasdaq, tsx and bonds, though beating dow and buffet.
OTOH, the strategy of capital preservation in a big down turn never got tested. I have been holding large amounts of bonds and cash. If the market had tanked, I'm very confident we would have done much better than the market.
What to do going forward? I'm not sure. I don't think I've proven that my time is effectively spent doing active trading. I've certainly proven that I can play effectively. And I've learned a lot.
But am I happier learning about doji stars, DTO, etc. compared to more iPhone dev or ruby on rails? I'll have to continue to ponder that.
After this time, we are up 1%. Compare that with:
SPX: 876 to 874, even
DJI: 8635 to 8375, - ~3.5%
Nasdaq: 1509 to 1558, + ~3%
Berkshire-B: 3360 to 2994, -11%
TSX ishares: 12.5 to 13.57, +9%
ABB bond fund: 99.3 to 102.5, +3%
Warren Buffet was a big drag on us as it was close to 18% of our portfolio
I'd have to say the verdict is so so. Even with S&P500 and trailing nasdaq, tsx and bonds, though beating dow and buffet.
OTOH, the strategy of capital preservation in a big down turn never got tested. I have been holding large amounts of bonds and cash. If the market had tanked, I'm very confident we would have done much better than the market.
What to do going forward? I'm not sure. I don't think I've proven that my time is effectively spent doing active trading. I've certainly proven that I can play effectively. And I've learned a lot.
But am I happier learning about doji stars, DTO, etc. compared to more iPhone dev or ruby on rails? I'll have to continue to ponder that.
I have been following your trading as I am always looking for a way to improve my financial position and it is good that you managed to finish up and think that you could continue to do so.