Friday, January 07, 2011

My 2010 Performance

A year in review… So I finally decided to crunch my numbers and 2010 turned out to be a decent year with a 31.87% total return in my non retirement account. I employed a mix of strategies ranging from risk arb / special situations plays, growth stocks and short term trading. A good chunk of the gains were from my holding in Genzyme Corporation (Ticker: GENZ) and the numerous risk arb / special situation plays. I did have 3 losing trades: Javelin Pharmaceuticals, Fidelity National Information Services, Inc. (Ticker: FIS) and Intermune, Inc (Ticker: ITMN). Javelin Pharmaceuticals was a painful one, but I was able to recover nicely from that trade in the second half of the year. I’ve learned that minimizing losses is the key in generating positive returns. I’ve executed numerous trades in 2010, but those 3 losses are still the most memorable. I simply hate losing any $$$ on a trade! So do I think I can repeat this performance? I think so, but it’s definitely not easy at all…


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