Well I've been doing a lot of gambling at the roulette wheel since the start of August and thought I'd take a break to see how many times the ball came down on a red number vs black one.
Since the beginning of August, for something fun to do while spending 10-12 hours per day monitoring stock stuff for a while, I thought I'd try a little bit of day trading as part of my partisan contribution to stimulating global economic growth and activity by providing additional brokerage fees for my broker.
As a precursor to this funky little experiment, I posted up every trade I made in buys and sells on these forums immediately after having done them in the "what did you buy" and "what did you sell" columns.
And here are the results of our lucky winner!!!
Red (+6.14%) Aug 5 bought Methanex 26.668, sold for 28.31 Aug 14th
Red (+2.87%) Aug 8 bought Methanex 27.52, sold for 28.31 Aug 14th
Red (+6.62%) Aug 8 bought VicWest 10.50, holding, 11.09 current
Red (+5.67%) Aug 11 bought Methanex 27.02, sold for 28.56 Aug 14th
Red (+1.82%) Aug 12 bought MCan Mortgage 9.30, holding, 9.47 current
Red (+1.29%) Aug 13 bought Petro Can 45.76, sold for 46.35, Aug 14th
Red (+6.04%) Aug 13 bought Methanex 26.93, sold for 28.56, Aug 14th
Black (-0.56%) Aug 14 bought Goldman Sachs 167.45, holding 166.59
none (+ 0%) Aug 14 bought Sandvine 1.16, holding 1.16
Black (-0.77%) Aug 14 bought Methanex 28.44 (after selling them 1 minute earlier at 28.33 or so), currently at 28.22
The last trade is a bit unfair because I let my long term picks interfere with my short term day trader money I was playing with, and had decided to sell the Methanex because I thought it would go down (which it did heh), but changed my mind 1 minute later because I decided to stick it onto my long term hold pile (x years) even if it went down a bit. Also for me to sell Methanex I have to force myself to do it. Focus really really hard, pump myself up, say YOU CAN DO IT!!! a few times, and sell some shares of my favorite stock. Funny trade though lol, sold the same shares and bought them back 1 minute later at a higher price. A nice example of emotion at work.
Wow! Look at all those red chips! I'm a genius!
Now let's take it a bit further...
Average return per trade = 2.817%
Approx amount of money I played with (fairly small, don't mind disclosing it. I suspect > 50% of people on these forums are millionaires) = 15k
Approx gain = $422.55
Brokerage fees = 99.50
Gain = $323.05
Approx Amount of hours spent = 100
Hourly wage = $3.23
Hey! I used to make more than that washing dishes when I was a kid!
It's fun though, did some of this whacko trading while doing my monitoring. I think I'll ease off though. Got better things to do. I Was thinking picking up cans on the side of the road and returning them to the grocery store for consignment refunds might be more profitable from a time invested/return ratio perspective.
Research until your head hurts then scream Banzai!!! and charge fearlessly to victory or death!