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!
Note:
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? :)
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