Hope all is OK, I've not seen any new posts since 8/23, and I've gotten kind of hooked on checking your updates and progress. Hope you're just busy or vacationing.
Looking forward to more info and to your success. R.J. in Chicago
Thank you for your continued interest RJ (aka Jim*, right?)... Mostly I've been busy. Work (the dreaded j.o.b.) has become pretty intense lately and burning the candle at both ends caught up to me on the weekend. I do try to post regularly and am currently behind by about 3 posts! It's just a matter of prioritizing my time and the blog is lower on the priority than my other activities including trading, journalizing my trades, reading/learning more about trading, teaching music, rehearsing, performing, training for triathlons, etc... Oh, and attempting an occasional date now and then.
Unfortunately I spent a lot of time this weekend trying to find some software to help me ascertain my current gains. It's unfortunate because I ended up spending so much time searching only to create my own Access database. I've kind of known that I was positive over the last few trades, but I didn't know the specific numbers. After plugging in all my paper trades YTD I'm at -12%. Horrible I know, but the news does get better :).
Since learning from my past mistakes and using a trade formula calculator (excel spreadsheet) that gives me # of shares, entry, and initial stop-loss adjustment target, I've done considerably better. Excluding the first trades from about a month ago (see: Paper Trade Update 2 Post-Mortem) that are a blight on my record, I'm up 9% on my trades (the past 7). This calculates to 2% on $5k in 3 weeks which extrapolates to 33% annual. Of course this is a short time sampling and my current open positions could easily affect that percent either beneficially or not.
I also spent some time over the weekend on my trading journal. I will post a good, bad & ugly with charts, my comments at the entry and exit, etc... very soon. It's just a matter of converting them to a bloggable format (I'm not even sure if bloggable is a word, but you know what I mean, right?).
Thanks for the interest and encouragement. I am alive and well, but have been using my time selfishly and privately. Not to worry though, more updates to come!
*I initially changed RJ to Jim on his first email that I posted to my blog (see: Soon-To-Be TMTT Student Email). I never did find out if he liked being called Jim temporarily or not. Care to comment RJ?