It's never about "winning" and "losing".
It's about conducting a business...
The target for the companion trading account is a 10% balance increase per month for the duration of the enterprise. The goal is to generate a monthly income while saving the "Net Gains" for Growth.
Here are the statistics for the first few days.
Start date was August 1, 2024.
Excluding the weekend, we had four (04) trading days so far.
I am based in Ontario, Canada.
1. Balance
Opening: 6,346.90
Current: 6,991.00
An increase of 10.15%
2. Equity
Opening: 6,346.90
Current 6,796.00
An increase of 7.08%
3. UPL
Opening 0.00
Current -195.00
Note: As long as it can be sustained, a significant negative UPL will be be showing at times. It is, as Donald Rumsfeld will put it, a "Known Unknown" and completely under control. On its own, this number is not very informative since most of the gains and all of the "losses" are hedged.
For strategic reasons, I view a "loss" as an Expense that is always kept Unrealized.
It's about conducting a business...
The target for the companion trading account is a 10% balance increase per month for the duration of the enterprise. The goal is to generate a monthly income while saving the "Net Gains" for Growth.
Here are the statistics for the first few days.
Start date was August 1, 2024.
Excluding the weekend, we had four (04) trading days so far.
I am based in Ontario, Canada.
1. Balance
Opening: 6,346.90
Current: 6,991.00
An increase of 10.15%
2. Equity
Opening: 6,346.90
Current 6,796.00
An increase of 7.08%
3. UPL
Opening 0.00
Current -195.00
Note: As long as it can be sustained, a significant negative UPL will be be showing at times. It is, as Donald Rumsfeld will put it, a "Known Unknown" and completely under control. On its own, this number is not very informative since most of the gains and all of the "losses" are hedged.
For strategic reasons, I view a "loss" as an Expense that is always kept Unrealized.
2