Peter Drucker once said, “What gets measured, gets managed.”
Since 1 Nov 08 that I have given up the fast exciting active contra trading (or gambling) after three successive months of contra losses:
(Total net losses in 2008: $160K
Jan:$76K, Aug:$68K, Sep:$18K, Oct:$31K) for a slow moving position trading, how am I doing now?
1. ROC from 3.8% to 34.3% (I don't use stop loss so no negative ROC)
2. Holding Days from 1 to 329 days (some of those sins committed in 2008 and cleaned up)
3. Average ROC: 11.9%
4. Average Holding Days: 59.7 days
Next performance review at end Dec 09.
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