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| Thursday, October 25, 2007 |
| Stunning statistic |
I was updating my holdings, something which I do without fail, when suddenly, I am curious about my realized hit rate this year. This applies to only realized profits and losses. Just this year alone, I realized 92 transactions (this is inclusive of accumulative buys. Eg, if I bought in 3 batches, even though I sold in one batch, it is considered as 3 batches in my record).
The result is as follows:
92 attempts
59 fail
33 pass
which equates to 35% hit rate.
If this is school, I would have been retained.
However, my profits rose more than 40% during this period.
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Whats the moral of the story?
It DOESN'T MATTER how many times you are RIGHT.
What matters is HOW RIGHT YOU ARE when you are RIGHT and
HOW WRONG you are when you are WRONG.
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posted by Nenix @ 8:53 PM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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