Results After 75 Trades

Results After 75 Trades | Day Trading results | Documenting the exerpeince of trading crude oil futures for income during a year off work.

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It’s hard to believe that it’s been 2 months now since the last trading post was published.

Since the last update was posted, only 7 trades have been made. It’s really quite paltry in comparison to the activity from March-to-May.

I’ve only averaged about 3 trades per month over the last 2 months.

Going forward I will now trade only two days per week: Tuesday and Thursday.

Based on my experience thus far, those are the 2 days of the week that have offered the best conditions for trading.  And there are several reasons for the selection of these days.

Mondays are often quite unpredictable and markets can be choppy as investors try to figure out what to do for the week.

Wednesdays are always the release of the oil inventory report, which seems to be a nonsensical day for crude.

And Fridays are usually just investors taking profits.

I also believe that cutting the days down could lead to better returns, because from what I’ve noticed so far, less is more.

This will allow me to trade 2 days per week, get back on track, and work on the blog for 4-to-5 of the days.

So now that you know why there’s been so few trades and the plans going forward, let’s get into the results.

[bctt tweet=”Results After 75 Trades” username=”reversethecrush”]

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Trading Results

Total Trades

45/75 = 60%

Since Last Report

4/7 = 57%

As you can see from the number above, a total of 75 trades have now been placed. 45 of them made money and 30 of them did not.

Essentially, for every 10 trades, 6 of them make money.  When I actually sit down and look at the numbers I can’t help but wonder why I haven’t been trading (SMH).

But make no mistake, trading is very challenging, mainly from a mental perspective.

Another positive to documenting trading results is that it makes for fantastic blog posts.

It leaves me perplexed as to why I’ve been so avoidant of trading since the start of June.

It makes me think it would even be worth it to make one trade per week, just to have something to blog about.

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Final Thoughts

In conclusion, trading is about making money.  It’s purpose is to help me stay afloat so I can continue writing on Reverse the Crush.

The sun is beginning to set on this magnificent ride, however, I’m very hopeful the combination of investing as well as the opportunities that arise as a result of this blog will help prolong this financially independent lifestyle.

And although trading is not a primary income stream, it is a solid 3rd or 4th if you have the extra money and can afford the risk.

Based on my new plan, I expect to make at least 10 trades by the end of August.

Though, there are situations that could arise where I could trade more, because of the opportunities available that day, or less on days when no entry point is visible.

In closing, I’m looking forward in getting back into trading after the extended summer break.  Also, look out for the dividend income update for July to be published in the coming week.

Question: What are your thoughts on the new trading plan? How have you been adjusting your portfolio recently?

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I am not a licensed investment or tax adviser. All opinions are my own. This post contains advertisements by Google Adsense. This post also contains internal links, affiliate links, links to external sites, and links to RTC social media accounts.

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