Trend following 2 years review

Performance Review 2nd year prop trading

My performance review for 2nd year of prop trading:

July 2017 performance summary

Here are my performances for July 2017. Performance summary and account statement pages have been updated. 

+8.53% on Trend Following account

On 21st July the trend following system has completed its 2 years of forward testing. I closed out all positions and am in the process of analysing the statistics. I will also make a video to show what the new change will be. Then the system will resume trading on the same account but with more money in it.

The video for 2nd year audit has been delayed because I've had a cough for the last few weeks. I just began doing the audio and look to finish it in the next few days.

I have also done 7 months of live day trading since January. July was a quiet month for day trading with not many opportunities. Here's a snap shot of my performance so far in the last 7 months of day trading:

June 2017 performance summary

Here are my performances for June 2017. Performance summary and account statement pages have been updated. 

-2.59% on Trend Following account

I have completed my 2nd year of prop trading and just received my audited results. I have not accepted the terms and conditions of my new contract therefore I have stopped prop trading. I will make a video cover it more in depth.

The trend following system will reach 2 years on 21st July. I will then shut it down to make changes and will resume it in August with more trading capital.

I have also completed 6 months of live day trading. Results so far are positive. Another 6 months to go before I can go public with a new account to track my performance.

May 2017 performance summary

Here are my performances for May 2017. Performance summary and account statement pages have been updated. 

+6.55% on Trend Following account

0.00% on PAMM Growth account

Trend following enjoyed the largest monthly gain so far this year. The system closed out many profitable trades with some larger than +5R. No trade was taken on the growth account. With only 7 days to my 2nd second performance review, it looks like that account will finish as it is right now.

My performance review is due on the 15th and the audited result is planned to be completed by the 15th. I will be doing another view analysis on this so keep an eye out for it.

I moved into a new house just last week and will be setting up my home office for trading. I didn't have a chance to day trade in the last 2 weeks of May but I finished the month with a small overall gain. I will resume day trading as normal from next week.

April 2017 performance summary

Here are my performances for April 2017. Performance summary and account statement pages have been updated. 

-3.1% on Trend Following account

-0.57% on PAMM Growth account

Trend following was hit hard with choppy market conditions in March and April. Market have since been trending and the account is holding onto a few very big winners at the moment. I have already started doing statistical analysis in preparation for the 2 years review coming up in July. I have already found 2 small adjustments which could make the system profitable long term.

My performance on higher time frames trading continues to go south. I had 2 losses this month. It certainly is painful but I will not give up. My annual performance review is coming up in 6 weeks.

Much of my time has been spent on discretionary day trading so far this year. I hope that the lessons learnt from day trading will allow me to progress further as a trader. It's a daily struggle to improve myself. If I stop then I will fall behind. So I must embrace the pain and continue moving forward.