I calculated the "closed trades" returns 2016 to YTD. I made a few modifications ( see below).
How has your selection and methodology evolved since mid-2016? The returns have been so much better the last 2 yrs...
2016 = + 60%
2017 = + 80%
2018 = + 275 to 325%
2019 ytd = + 250%
I looked at your returns since 2016. Had i used a fixed $ amount for each BUY, and bought all of the “closed trades” ( I assume those were only the ones that were “logged”) my returns could have been somewhere between 276% and 312% in 2018, and YTD in 2019 —about 250%. i eliminated stocks under $7 , and foreign names. That is my bias. Also the variance comes from me capping losses at 10 and 15% ( which is what i would do automatically). I thought about compounding the returns but it was too much work since you often have 2-4 names going at a time. i did not want to go through the process of linking one trade to the next when several things were going on at a time. Also, When i tried it for 2019 the numbers got so big that i knew i would never put $300,000 in one idea . (YTD 2019 , the compounded return—just multiplying the returns one after the other in closed trades would have you up 679% . If you assume an initial $50,000 position you can see how quickly the numbers multiply).
So far my returns are not anywhere near these numbers. Why? Because i cherry pick trades, have varied my position sizing incorrectly based on my gut instinct, avoided trades for a while after 2-3 losses in a row. In other words i lacked discipline and could not get out of my own way. Fear of losing is a killer. You cant trade scared. Going through the returns , one after another, for long periods ( 4 yrs) helped to give confidence in the system/ process.
Again, thank you for the thoughtful response , and your hard work and guidance….
BTW, have you thought of going through the IBD 50, eliminating all of the RS names below 85 as a focus list? I did that . There are 28 names w/ RS above 85 ( a few are in the 82-83 range but the composite score is in the 95 range. These can quickly get back to 90 RS). I used 85 b/c they have corrected quite a bit. It would not take much to get them back to 90. Looks like a good watch list…