Read? XIRR/CAGR: Investor's true performance indicator! (6)
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How do I know is my current trading or investing strategy still working for me?
Simple. I track, measure, and visualise my performance.
I only started serious and diligent tracking and measuring from Jan 2003 onwards.
From Jan 2003 till Mar 2012, those months that P/L that is in Red!:
Jan 2008 Bloody Red!!!
Aug 2008 Bloody Red!!!
Sep 2008 Shit Red!
Oct 2008 Bloody Red!!!
As of now, 2008 is the only year that I was in Red!
What did I do in Nov 2008?
I QUIT active Contra trading till now!!!
I also stopped monthly review and switch to quarterly review and meeting yearly goal instead of meeting monthly target prior to Nov 2008.
We set our review period and evaluate our performance against our investing goals over our investing horizon. Are our strategy still working? Only we know ourselves. No one else can help us. But, we can't in the state of self-denial too.
In the stock market, there are no failures. Only hopeful or hopeless! - Createwealth8888
Turning the Invisible into the Visible – #unscriptoscript - Image from @unscriptoscript Instagram Page Hey everyone! Glad to be back and posting again. I have been really busy with work and other stuff the past coup...
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