I am quite satisfied to report that my current portfolio is up 15.26% YTD. I started monitoring my portfolio performance since January 1, 2017; a good way to assess myself if I am indeed making progress in this business. There are plenty of reasons why you should monitor your portfolio performance too.
By plotting your performance you will know if your system is really working for you. Looking at your performance, you will get a more concrete look at your portfolio's movement. This way you know where you are in relationship to where you want to go or what you want to achieve.
By seeing your YTD performance, you'll have a chance to assess yourself. You will learn what you did right/wrong in a particular time or trade. This way it is easier to make adjustments, simply by looking at your performance chart, you can pinpoint your mistakes as well as the things you did right.
Another important reason why you should monitor your performance is bench-marking. This way you will have an estimate on how well you are progressing compared to your peers, to the index or to other funds manager. This can motivate you to learn more for you to be able beat the index or the mutual fund managers. If your'e doing well, this could also give you motivation as you are patting yourself on the back.
So I encourage every trader to monitor their YTD performance; make a record of it and make a graph out of it. It can help you physically look at your progress, asses yourself and your system, and motivate you by comparing your result with others.
Portfolio update.
My current positions are in $MCP,$IMI,$BEL and $MEG.
The market is feeling a little bullish and people seem to be more willing to buy it up.
I'll stick to the only thing I should do,let them(stocks) run and just watch my trailing stops.
Note:Edited June 6, 2017 to correct inputs in the YTD chart.
