Saturday, April 23, 2016

Trading Account Update

      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 :                 8   
                               Total Capital added:    $250.00
                               Trading Acct Balance:  $ 1457.44
                               Average Drawdown:   $33.85
                               Average Loss:             $25.01
                               Average Accuracy:     87.50%
                               Average Risk:              $33.40
                               Average Reward:         $65.27
                               Average R/R :             1: 1.954

      My average accuracy is 87.50%.  What does this mean? Do it mean that I am a super trader?  I am definitely no super trader.  As I complete more trades this number will come down.  The profitability of a trader is more reflected in the risk to reward ratio.  My current risk to reward ratio states that for ever dollar I am risking, the reward is $1.95.
       I have been trading penny stocks, stocks and options.  Any dividends that will be received from this account with stay within the account.  As of right now, no dividends have been received in this account.

Note:  The trades are listed under the Trading Tab above with all the trades listed as of April 23, 2016.

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.

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