Thursday 17 January 2013

How I missed a £10k profit...

I conducted a little experiment on my trading since I began this experiment. I wanted to know what would have happened if I had not closed the bets I have closed.

So I did a little what-if analysis.

And the results....are staggering ! Well, to me anyway.

The difference in the bottom line is just short of £10,000. Yup, you read that right, TEN THOUSAND POUNDS !

Am I a victim of over-trading - I have actually mentioned this before in one of my old posts and thought I might be but did not heed my own advice, now I most certainly am.

Some of the bets would have been automatically closed by hitting the stop loss (either the initial one or the trailing one which I always implement as profits rise).
These are; Bodycote, Anite, Lookers, Sepura, Petrofac, Costain, Elementis, Moneysupermarket, Delcam, Paypoint, TalkTalk, Nichols, Headlam, VP, SOCO, iomart and Smart Metering.

Look at the table below and check for yourself.

Certainly food for thought...
StockProfit / Loss when I soldProfit / Loss todayDifference
Bodycote2392.712386.955.76
Anite539.62134.70404.92
Lookers331.55421.4289.87
Sepura536.16390.97927.13
Petrofac136.39156.92293.31
Costain794.04794.160.12
Elementis551.211204.36653.15
Moneysupermarket485.912554.162068.25
Delcam1468.231468.070.16
Paypoint315.33452.42767.75
TalkTalk683.631570.15886.52
Nichols284.8521.99306.84
Headlam819.421209.302028.72
VP497.501206.46708.96
SOCO350.61647.24997.85
iomart839.892053.832893.72
Smart Metering1030.201209.07178.87
Total408.219530.159938.36

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