Here is a quick review of the $2,000 starter account profit for 2012:
Total Profit from 1/1/12 to 12/31/12: $13,415.00
Total Number of trades: 89
Total Return of 2012: 670.75%
As of the Dec 2012, I split the Interactive Brokers account and added 1/2 the funds to a new Tdatrade account so as to have more trades and overcome some of the pattern day trader restrictions. Unlike stocks, Options transaction settle the day after the trade is closed.
I started trading and tracking the $2,000 account back on February 5, 2012 and the account is just over 100% in Profits in 2 months (would’ve been 150%, but bad start to April so far). The account had a rocky start during the month of February and turned into the Green in March which was a great month as it went from $1,200 to almost $5,000 ($2,900 in Profits). So far in April, the account has given back some of the March gains due to some poorly managed trades.
Going forward, I have to be more conservative, using tighter stops and the less we hold overnight the better!!
For more details on the PnL, check out the link below: