As we close out the holidays, and the month of December, I am reminded that yet another trading year has elapsed. December was a decent month where our Covestor model posted about a 4% gain. As you might expect with December, all of that took place in the first half of the month. We had 10 trades this month and all but one of them took place on or before 12/15/2010 (the most recent entered on 12/30 and exited on 12/31). Nine were winners and one was a loser.
As the 2010 trading year comes to a close, I should take a moment to reflect on the year. I am perpetually frustrated by day-to-day performance (things move sooooo slow sometimes), yet I am quite thrilled to look in the rear view mirror and see how profits accumulated over time. Our Covestor model was launched in July, and in six months of trading returned nearly 19%. This is a spectacular return by any measure. What makes me even happier is that we made money each and every month. Consistency is high on my scale of performance measures.
For my personal trading, prior to the July launch things were quite busy. Volatility was higher in the first half of 2010, and therefore our volatility based trading system thrived. From 1/1/2010 to 6/30/2010 the MultiStage Trading System (what I use to manage the Covestor model) returned about 26%, adding up to more than 40% for the year. I’ve provided the Covestor team all of my brokerage statements and hope to see this reflected in my performance track record soon. All in all, it was a very profitable year for the SnapTrader.
In December I also concluded a lengthy series of blog posts on SnapTrader, describing the rigorously tested performance results of the MultiStage Trading System. The intent of the series was to provide some insight into how the system was developed and tested, as well as show the key performance indicators that I monitor during trading. I also began a short series on Building a Quantitative Trading System. This might be more than many readers want, but it’s an instructional tutorial on how a quantitative system is designed, built and tested; and is really written for a pure beginner. It’s a work in progress with several more modules to come.
Good Trading...
As the 2010 trading year comes to a close, I should take a moment to reflect on the year. I am perpetually frustrated by day-to-day performance (things move sooooo slow sometimes), yet I am quite thrilled to look in the rear view mirror and see how profits accumulated over time. Our Covestor model was launched in July, and in six months of trading returned nearly 19%. This is a spectacular return by any measure. What makes me even happier is that we made money each and every month. Consistency is high on my scale of performance measures.
For my personal trading, prior to the July launch things were quite busy. Volatility was higher in the first half of 2010, and therefore our volatility based trading system thrived. From 1/1/2010 to 6/30/2010 the MultiStage Trading System (what I use to manage the Covestor model) returned about 26%, adding up to more than 40% for the year. I’ve provided the Covestor team all of my brokerage statements and hope to see this reflected in my performance track record soon. All in all, it was a very profitable year for the SnapTrader.
In December I also concluded a lengthy series of blog posts on SnapTrader, describing the rigorously tested performance results of the MultiStage Trading System. The intent of the series was to provide some insight into how the system was developed and tested, as well as show the key performance indicators that I monitor during trading. I also began a short series on Building a Quantitative Trading System. This might be more than many readers want, but it’s an instructional tutorial on how a quantitative system is designed, built and tested; and is really written for a pure beginner. It’s a work in progress with several more modules to come.
Good Trading...
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