3 profits, 4 losses - +3.77%
Average Profit - 3.22%
Average Loss - -1.47%
Total account up 8.30% YTD (after commissions)
Open Positions: NEP, LCC, WFMI, NR, DLTR
The numbers above don't look too bad, actually I am surprised by how decent they are as I had thought I had done much worse than this, but I am very disappointed with the way I traded this week. In a nutshell, I overtraded. As simple as that. Granted this week was very tough to trade, but that is all the more reason to stay on the sidelines. This impatience and looking to making a fast buck is what I must correct the coming week.
I will be back later this evening and tomorrow with the market review and what to expect next week and also a list of some potential breakout set ups for next week.
Take care and enjoy the weekend!
1) The table shows only completed trades of the week. The positions that are still open will be accounted for in the week that I close them.
2) The YTD calculation includes the open positions. I just take my account value at end of Friday and calculate it. So, it also includes commissions which do matter a lot to a small account like mine.
Which other blog reports results after commissions? :)