I posted my November Results last month and now I have my December results. As I’ve written, I believe I have a simple and reproduce-able (and therefore consistent) trading plan. December was a good test to see if my results improved. And they did.
I made slightly less in December, but that’s because I traded a lot less, mostly due to the holidays. I took half as many trades in December. One of my goals was to avoid scratching for small gains. That totally messes up my stats. I regret that I did do that a few times in December. Looking at the trade list I see that I did that 5 times. I remember a few would have been winners and a few losers. So overall I think the scratching did not improve my results. That is a main focus for January.
Other than that the trades looked ok. Mostly 2 pt wins and 1.50 pt losses. I’d like to get my wins a little bigger to get 2:1. So that’s my second focus for January.
The profit factor went from 1.54 to 2.14 so that’s good. Win rate from 54% to 69% but I don’t think that’s good (due to the scratches). My average trade went from 0.36 to 0.50 so that improved.
What’s interesting to note is that I was roughly breakeven (-2 ticks) on the long side, and made all my money on the short side. The stats for the short side were great. So I have to study why the big difference between long & short.
Here are the results:
I’m trading during Globex & the US morning session while I’m looking for a new consulting assignment. However I’m enjoying the time with the family and catching up on a lot of things I’ve been meaning to do. I got the baby’s room all fixed up and repainted and now I’m motivated to tackle the rest of the house.
Good luck to you for 2013 and Happy New Year!