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Technology Stocks : Full Disclosure Trading

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To: advocatedevil who wrote (5315)	4/28/2003 3:10:45 PM
From: Sam Citron	Read Replies (1) of 13403

OT Interesting trading stats, AD. Quite an impressive W/L%. Certainly a worthy diversion as you wait for the worm to finally turn. A couple of things I find notable: (1) The relatively small number of "trades", averaging only about one per day by your method of calculation (roundturn only counted). (2) Average profit per trade around $500. If your average trade is 10,000 shares, that is only 5 basis points per trade. You say: "What I'd really like to do is cut down on the time I spend with the process." I suppose this requires some systematic study to see if the efficiency of the process can be improved. Gathering objective statistics with an aim to determining what you are doing well and where there might be room for improvement is probably a good start. Automation and the determination of mechanical trading rules are also obviously important. I'm sure its more an art than a science for you and the P/L is secondary to having "fun". As long as you are enjoying what you are doing, what's wrong with an extra $500 a day? I do, however, question your assumption that at some undisclosed future date you will turn in your bear suit and become a LT buy and hold investor. Maybe, when you are 70...<g> Sam

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