March 2017 performance summary

Here are my performances for March 2017. Performance summary page have been updated. 

+1.02% on Trend Following account

-0.02% on PAMM Growth account

I'm waiting for Pepperstone to address a glitch on the account statements which is showing the date as 1/1/1970 for trades taken before 1st June 2016. I recently discovered this while looking at last month's statements.

I am going through a difficult last few months where my trades would get close to target and then turn around completely. It is happening a lot more this year. Market conditions change and perhaps I will also need to adjust my trading. Still, I continue to trade my plan and I look forward to the annual review in 2 months' time where I will be looking to find possible adjustments.

3 months performance summary for day trading

One of my goals for this year is to take up discretionary day trading as part of my personal trading development program. I am trading a strategy created by my trading group. It showed good potential during its development. Being a discretionary strategy, it cannot be back tested at all so trading it live is the only way to find out if it works long term or not. I don't do back testing by eyes because of hindsight. I'm trading with small position size for now, about £10 per trade. I started in January this year and now have 3 months of trading statistics.

February 2017 performance summary

Here are my performances for February 2017. Account statements and performance summary pages have been updated.

-1.78% on Trend Following account

-0.01% on PAMM Growth account

This month gave me 2 trades on the growth account. In both cases, price was going nicely in my direction then it turned around very fast. It certainly is painful to see so much profits disappear off the table but that's the reality of trading. I don't take partial profits because I want to get the full reward for my risks. This pain is the price that I pay to get what I want.

Trend following has closed out some good trades which brought the monthly total to much smaller loss than it was at the beginning to the month. Just 4 months to go because I can do a full range of statistical analysis on the last 2 years of forward testing to find improvements. I know that trend following has positive expectancy in other markets. I am willing to take more pain to find the right trend following model for the forex market.

Why I stopped making the weekly outlook videos...

January 2017 performance summary

Here are my performances for January 2017. Account statements and performance summary pages have been updated.

-5.43% on Trend Following account

-0.17% on PAMM Growth account

Short and simple post for this month because I am preparing for the London Forex Show as well as a few other forex related projects for the year. I cannot say what it is until the official launch.

Wishing you a profitable month for February.

Live trading at London Forex Show February 24th

I will be trading live on stage from 1.20pm to 2.50pm on the day. You can find more information here.