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...
Stock | Profit / Loss when I sold | Profit / Loss today | Difference |
Bodycote | 2392.71 | 2386.95 | 5.76 |
Anite | 539.62 | 134.70 | 404.92 |
Lookers | 331.55 | 421.42 | 89.87 |
Sepura | 536.16 | 390.97 | 927.13 |
Petrofac | 136.39 | 156.92 | 293.31 |
Costain | 794.04 | 794.16 | 0.12 |
Elementis | 551.21 | 1204.36 | 653.15 |
Moneysupermarket | 485.91 | 2554.16 | 2068.25 |
Delcam | 1468.23 | 1468.07 | 0.16 |
Paypoint | 315.33 | 452.42 | 767.75 |
TalkTalk | 683.63 | 1570.15 | 886.52 |
Nichols | 284.85 | 21.99 | 306.84 |
Headlam | 819.42 | 1209.30 | 2028.72 |
VP | 497.50 | 1206.46 | 708.96 |
SOCO | 350.61 | 647.24 | 997.85 |
iomart | 839.89 | 2053.83 | 2893.72 |
Smart Metering | 1030.20 | 1209.07 | 178.87 |
Total | 408.21 | 9530.15 | 9938.36 |
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