2006 RESULTS

Unfortunately, I have very little time to spare on this blog, despite the fact that I really enjoy it and it does help me as an investor. I will try my best to update, although it will be very infrequently. Here is my 2006 results.

I achieved 12.85% for the year 2006, slightly outperformed S&P500 and NASDAQ, but under-performed DOW. The result is also slightly better than last year's 12.4%. Despite the decent results, I was not particularly happy because I simply made too much mistakes during the mid part of the year, as shown in the chart. My performance would be (and should be) much better had I managed to avoid a third of the mistakes.

For the new year, therefore, my resolution is to reduce the number of mistakes, as well as the magnitude of their damages. Given the time constrains in this year, I suspect my trading activities will be reduced significantly, which could help as well. WORK HARDER, TRADE LESS. Sounds like a good formula.