How have you done the last couple years?
Pretty good for a part-time hobby.
I keep all of my trades on Excel so it's easy for me to keep track of the transactions and results.
In 2011 I netted (after all transaction costs) a profit of 22 basis points on the total of my trades.
Last year I netted 28 bp.
In the 13 trading days this year, including today, I've netted 46 bp. Over half of that was on one big trade in GE. I bought GE two weeks ago anticipating they were going to have a good 4th quarter, which they did and which they announced this morning before the market opened. I sold all of my GE this morning at $22.04 in pre-market trading.
I don't anticipate maintaining this pace throughout 2013. I don't take much risk. The GE trade was the most risk I've taken in a loooonnnnnggggg time, maybe ever.
I consider a long-term holding in my trading portfolio to be anything in my account that is there when the sun goes down.
It's a fun hobby that I spend maybe an hour or two playing each trading day.
This post was edited on 1/18 at 10:46 am