I consider this a successful year for both my trading and my blog's growth. I'm getting a pretty steady stream of 100 hits a day which is much better than the 20 a year ago. On other fronts, I was turned down about 25 times by different companies for jobs. Guess what? This outsider is going to keep doing it while only spending about 35 minutes a day at the computer during trading hours to make decisions.
For people who think I'm here to push an agenda while making money off of ads, please see the below picture for how much I've earned from ads since this blog started. I don't really know why I'm here because it is not worth it, but I enjoy the opportunity to have somewhat of a voice while having an actual log of successful calls and failures. Maybe I just keep hoping "someone out there will find me" to use the words of Green Day.
After four long years of many frustrations and a bad 2008 (the only non-profitable year), I handily beat the market in 2011 (20% versus flat) without fancy research reports and using only a few tools. Granted, this is probably considered a small account to most of you.
Here it is:
BBX is the only one that is not the result of bad money management. It gapped up and went up 300% the day after I opened the position. I held it (told you I didn't have emotions) and now the loss is about 50%. Much better. The rest I had plenty of opportunities to limit to the losses to about 400 bucks.
A lot of traders tell you to focus on the big wins - having a high slugging percentage and cutting losers. I still agree with that, but in a sideways year it is harder to get the big winners. My 2011 history shows a solid batting average and consistency that was able to overcome massive losses and still show a profit. I am not proud of the losses, but its a learning point for you and me about how important money management is.
Since it is the end of the year, I also wanted to update some of the charts. Here is Gold versus USAGX, Silver, Nasdaq, and the 70s bull markets.
Gold still seems to resemble several parts of the Nasdaq bull market.
Energy consumption for the US.
"The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time and still retain the ability to function. One should, for example, be able to see that things are hopeless and yet be determined to make them otherwise."
F. Scott Fitzgerald
I get a lot of my quotes from nowandfutures.com - check out their site. Lots of great information.