Final Trading Account Update - 2016

As previously stated on this blog, that I have started a trading account with a balance below $1000.00.   I started to add $50.00 every two weeks but that has stopped due to a recent job loss.  The following table shows my stats from the start of 2016:

                               # of trades :                30
                               Total Capital added:    $250.00
                               Trading Acct Balance:  $3593.49
                               Average Draw down:   $42.02
                               Average Loss:             $51.83
                               Average Accuracy:    90.00%
                               Average Risk:              $53.50
                               Average Reward:         $105.83
                               Average R/R :             1: 1.978

     
       I have been trading penny stocks, stocks, REITS and options.  Any dividends that will be received from this account will stay within the account. The accuracy rate is high. Does this mean that I am a super trader? This does not mean that I am a super trader.  The risk to reward ratio states of every $1.00 of risk there is reward of  $1.978.  Ideally, a trader should aim for a 1:2  risk to reward ratio which causes the accuracy rate to be lower.

     I have completed 30 trades.  After completed of 30th trade on December 29, I decided to withdraw 3% of my balance $3704.63 and transfer it to my TFSA account for future investment purposes. This withdraw reduced my account balance what is not above in the table.  As from the chart above, my percentile gains in the trading account are approximately 325%. 

Note:  The trades are listed under the Trading Tab above with all the trades listed as of December 29, 2016

DISCLAIMER

I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.

Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.