November 2009 Trading Performance Survey Summary

by Tom Nunamaker on December 21, 2009

The results of our first trading results performance survey are in. The number of responses was low. We need more responses for more accuracy. With this small response size in mind, here’s a quick summary of the survey results:

Sheridan Mentoring Students Non-Sheridan Mentoring Students
Responses
10
13
Months of Live Trading Experience
9
9
Median Percentage of Capital in Use
45%
25%
Average Monthly Return
4.78%

5.67%

68% Range of Average Monthly Return
0.87% – 8.68%
1.31% – 10.03%
Median Income Positions per month
3
3
Median Contracts Traded per month
20
24
Median Trading Account Size
$55,000
$37,500
Profitable overall in past three months
90%
84.6%

Observations of Mentoring Students vs Non-Mentoring Students

  • Live trading experience was similar in both groups.
  • SOM students used a higher percentage of their trading account in their trading
  • Monthly Returns were slightly higher for Non SOM students. This could be explained by several factors:
    • Response size was too small to be representative of each group
    • November was basically channeling. Most SOM students keep adjusting their positions to control risk. This reduces returns in channeling months but helps immensely in trending months. Not adjusting positions will have higher returns in profitable months such as November.
  • Positions, contracts traded and account size were similar in both groups
  • SOM students had more successful traders overall in the previous three month period

I’ll be posting the DEC performance summary soon. Please enter your information as it helps the accuracy of the data.

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