How well am I doing?
Fellow Monkeys,
I've been trading equity as a (very expensive) hobby for about 3 years now. I entered the market as a bull in Jan. 2008, and yes, the market took me to the cleaners. It cost me $10,000 - but the lesson beat every college course I ever took!
Finally, this September I switched my strategy and target stock. Since then, I've been doing pretty well (up 38%, see graph) and I wanted to know if it is worth thinking about pursuing real capital via a prop firm or other method. Any advice is appreciated.
Here are my portfolio stats for the last 64 trading days (24 days up, 21 days down, 19 with 0 change):
No. of round-trip trades: 7
Mean Daily Return: 0.57%
STDEV (SD): 3.55%
Annualized Return 141.62%
Annualized SD: 56.15%
Excess Return (RFR): 138.12%
Assumptions
Risk Free Rate: 3.50%
Minimum Acceptable Return: 0.50%
Sharpe Ratio: 2.46
Beta: 0.660430771
r2: 0.10475
Attached is an index of my portfolio as well as a Beta graph (this might be useless with an r2 of .1)
Thanks,
ZM
64 days? lol.
trade longer, buddy.
252 more reasonable?
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