New trading positions page

I recently began using Covestor to provide a transparent means to display my trades and investing track record. All-in-all I have to say it is a really nice tool. Simple to use, collaborative, and provides a verification layer. However, for my purposes (and for many people these may not be issues) I don’t believe it provides the best means to provide information about my short-term trading for a few reasons: 1) I, for the most part,  Iuse one trading account for my long-term and short-term positions. As a result, Covestor’s performance is indicative of my total performance not just the short-term trades, and 2) it appears to calculate returns (and  benchmarks) on a total portfolio value and not just committed capital.

Now, I will fully agree there are plenty of reason for why Covestor works like it does, it SHOULD work this way. If i was an investor looking to judge performance I would want to see all holdings and have the return based on the total portfolio value, not just committed capital. That is why I am keeping Covestor. However, I feel providing additional information  regarding the short-term trades provides additional value. Why you might ask. My goal is to improve my short-term trading performance and ability.

So I have created a new page here, positions, which will list my current short-term holdings and the last five closed short-term trades (the page is also linked from the side bar). This current snap-shot provides this data (and in a little bit clearer format then CoVestor).

Posted in Trading on May 7th, 2008 Taged with Trading

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