Education helps, analytical thinking helps, doing calculations in head helps, knowing yourself helps, capital helps, guidance helps, books help, experience help, truth helps etc etc.
You can do it anytime. I update it on weekly basis. Or somethings if nothing is happening in the market.
My xirr actually doesn’t move much because there is data of past 5 years. I should have crazy returns or a big fall in my portfolio for it to change.
For smaller duration it will vary a lot. Because I have given the same workings to friends and their reruns change like 20 percent to 40 percent every month.
Since you are there in market from 2 years if you can gather all data I feel it will be stable.
That’s funny cause schools and colleges never teach about money. If you ask any b.com, CA student they have no idea too. My school had one economics ph.d teacher that wrote paper which was a big thing. When I asked how to make money in stock market she said " only rich people trade and make money", this was back in 2011
Which is normally practiced. As of now I am doing with every trade, just to get a perspective. It is tedious but I guess this is as close as one can get to knowing the returns. And like you said, it is fluctuating wildly per day. The ins and outs each day are changing the return, obviously.
But if we take a month’s numbers, wouldn’t that wrong, if there are trades almost every day? The return will be less compared to having the numbers calculated daily, or is this generally practiced or suggested?
Worry not SpongeBob, youth confuses us all, and once it is out the window, the dark skies it builds will disappear and a bright light will shine upon you
There are more than one Holy Grail in the market, in fact we are lucky to have so many. If it were not the case, if it were like a esoteric field, restricted to only a handful of people, we wouldn’t be here.
So it is not about the Holy Grail, it is about finding your Holy Grail. As one ages and experiences, he gets to know this, both in life and in the market.
And it is but natural to not understand or not accept this when one is young
I trade in futures and I’m finding it difficult to get out of the trade if it goes against me without slippage. I have run out of options for exiting, Maybe i have go back to my drawing board and make some changes to my strategy altogether.
When you are calculating xirr it should be on your entire capital. I just gotta know the returns that are spoken here like 2 percent and 9 percent are for allocated capital. And allocated capital will be 20 percent of total capital. So that’s hardly anything. So I feel it should be for the entire account. So not trade wise.
I am having multiple trades, I am putting a part of the intended capital into these trades, and after a few days or weeks, the trades are hitting TP or SL. So should I calculate XIRR on the capital that is deployed in each individual trade or the total capital deployed in all the trades? And which dates should I be taking, each individual trade’s dates or the starting date is the first trade’s buy date and the ending date is last trade’s sell date?