| | It is almost the end of June, half a year has gone by. I think it is a good time to take a look at the results generated by my discretionary trading. That's what this blog focuses on- trades taken not by following a "system", but rather compilation of trading strategies with a small dose of a "gut feeling". Mostly, though, some rules are employed only not as rigidly as they would be if traded in a mechanical, systematic approach. I make the decisions, not a software or robot, hence "discretionary" trading.
In early April I went over my sample results for first quarter of the year. That post focused on not using much leverage and this trend continued. Most of the trades used 1:1 leverage, a few a little more, but almost all were 2:1 or under. In fact, that account only had one trade with 2:1 leverage, and that was the very good GBP-JPY trade from few weeks ago. Other than that, no leverage. I want to remind that these figures apply to individual trades, not total trades in the account at any given time. But even that was modest. I don't think that effective margin ever exceeded 5:1 level.
Trading environment changed a little from the first quarter of the year. Moves have become smaller, price ranges have gotten more compareble to historical averages, falling from the extreme levels of early 2009. My trades' objectives were not as ambitious, fewer transactions were made using daily and weekly charts. Also, my funds were spread out across more accounts and sub-accounts, which resulted in less trading in any one account.
I will discuss the same account as in my report before. For details of performance from the start of the year, read the original post, Trading Forex without (much) leverage. In a nutshell account was almost doubled by mid April, from original
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Half year mark. |
| | Posted 6/28/2009 11:57 AM - 31 Views - 0 eProps - 0 comments
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