Charlie Anderson's  Instablog

Charlie Anderson
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I am currently a student. I use a mix of technical and fundamental analysis to arrive at investing prospects and then do in-depth analysis.
  • 2011 Performance Review 1 comment
    Jan 8, 2012 4:46 PM

    My performance this year was awful. The only bright spot was total trading, which was way down. In all other areas I underperformed and lost out. My portfolio lost nearly a quarter of its value this year, even as the market stayed flat. This was mainly because I tried to time the market and failed. My average losses reflected this fact in that my average loss on positions held for two weeks or less was 16% greater than the average loss on positions held for less than one month. Nearly all of the positions I closed this year lost money. This represents a fundamental flaw in my approach: I have been too aggressive and I have not taken the time to learn about my companies. Going forward, this is an issue that I must address.The only bright spot (I guess) was the amount of trading I did. I executed 35 trades in 2011, down from over 100 in 2010. My average holding period also increased from 26 to 57 days, although this fails to acknowledge positions I still hold (which would increase the value for 2011). A large percentage of my poor performance was contributed by the third quarter, when I tried to time the market numerous times, only to fail.

    Going forward, I plan to protect myself from myself by letting my portfolio rest. I have increased my bond exposure by 10%, moving into a high yield fund. I like my holdings, and I need to be more patient.

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  • oiletftrader
    , contributor
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    Charlie it's good to see someone have the jam on here to talk about their misses as while as their hits. If I could offer any advice, i cannot emphasize enough the use of the NYSE McClellan Oscillator to aid in entry points. It is excellent to determine market bottoms. Keep at it and good luck.
    10 Jan 2012, 09:41 PM Reply Like
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