Great job for 2012, 2nd_ave! I wish I were in cash for the past 2 years. :) But then, there is no way I would have opened a huge position, on margin, with call options and external financing in AUMN, in one shot now. So if AUMN zooms in 2013, then the drawdown over the past 2 years will be viewed, in retrospect, as THE cause of the huge portfolio gain in 2013 (since that drawdown led me to accumulating a huge position in AUMN). We shall see. :)
It's not over 'til it's over, and we apparently share the same outlook on setbacks. As I've recounted many times, the intensely negative experiences of 1973-74 launched close to four decades of positive karma in my life.
I agree. Had you been holding cash the past two years, you would have no basis for viewing it as a positive outcome. As a trader, you'd probably be a lost soul.
How do you figure your YTD total. Schwab uses what it calls a 'time weighted return'. I'm sure I move cash around far more than you do, but it almost seems impossible for me to do a %.
It's not that hard in my case, since we (almost) never withdraw cash from the trading accounts. I use the ending balance for 2011 as the denominator. For the numerator I total ending balances each day and then back out all contributions YTD. That's it.
Great job for 2012, 2nd_ave! I wish I were in cash for the past 2 years. :) But then, there is no way I would have opened a huge position, on margin, with call options and external financing in AUMN, in one shot now. So if AUMN zooms in 2013, then the drawdown over the past 2 years will be viewed, in retrospect, as THE cause of the huge portfolio gain in 2013 (since that drawdown led me to accumulating a huge position in AUMN). We shall see. :)
ReplyDeleteIt's not over 'til it's over, and we apparently share the same outlook on setbacks. As I've recounted many times, the intensely negative experiences of 1973-74 launched close to four decades of positive karma in my life.
DeleteI agree. Had you been holding cash the past two years, you would have no basis for viewing it as a positive outcome. As a trader, you'd probably be a lost soul.
DeleteHow do you figure your YTD total. Schwab uses what it calls a 'time weighted return'. I'm sure I move cash around far more than you do, but it almost seems impossible for me to do a %.
DeleteIt's not that hard in my case, since we (almost) never withdraw cash from the trading accounts. I use the ending balance for 2011 as the denominator. For the numerator I total ending balances each day and then back out all contributions YTD. That's it.
DeleteOMG...I just tried to figure mine out and my head almost exploded. Forget it! Good job though bro.
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