My trading in 2011

-         22 operations (in one operation I aggregate all the trades in the same idea)

-         A profitability on 7,5%

-         50%  win rate. Winning operation are 1,7 times my losing operations.

-         3 best winning trades (with gains of more than 2% of the capital) represents a 13,5% of my capital.

-         3 worst losing trades (with losses of more than 1% of the capital) represents a 5,6% of my capital.

-         Those 3 losing trades are my 3 errors of 2011. One is doubling a losing position. The others two: not to put the stop in the machine.

-         If I had done a good risk management (not to lost more than 1% in any trade) I would gain 10% instead of a 7,5%.

-         In global I have invested 7 times my capital (not a heavy rotation indeed)

-         Worst drawdown was 4%.

-         8 operations in Spain. 14 in USA

-         9 operations with stocks. 13 operations with ETF.