Happy and Prosperous New Year to all my subscribers and guests! We finished 2011 with a remarkable 76% return on publicly disclosed trades, far exceeding the original goal of a 40% ROI. (See link for all trades since 7/1/2011: summary table). The beautiful thing about a trading diary, particularly one that is public is that it becomes a brilliant training tool for everyone, including its author. To that end, I felt the Portfolio became more and more proficient as the year progressed. Learning from one’s mistakes is often more powerful than what one gleams from huge winners. For instance, the times we had losing streaks here, though they were fortunately few and far between, were caused by my falling in love with a particular EW count against my tested and tried indicators.
Also, I developed a couple of new proprietary indicators as the year went on. I am constantly in my trading laboratory testing new indicators. I use a variety of indicators, some meant to follow trends, others meant to be very important leading indicators to provide an ALERT that the current trend is about to change. The fine tuning and harmonic use of these disparate indicators played an integral role in the Portfolio’s performance in 2011.
As we begin the 2012 trading year, I reset the goal to 40%, which obviously ranks amongst the elite money managers and hedge funds in the world. Yet, inside I of course would like to even improve on 2011’s 76% ROI.
I’ll be emailing out passwords for January momentarily, if you do not receive one and believe you should have, then email me. If you haven’t signed up yet, then what the heck are you waiting for!!!!???????? Give yourself the gift that has kept on giving and subscribe today!!!! See link under Blogroll to your right. See you again later today.