Digital Diatribes

A presentation of data on climate and other stuff

Account Statement #2

Posted by The Diatribe Guy on January 24, 2010

See this post for the transactions through November 20, 2009 on Gold trading.

What follows is the transactions since then to bring us current:

OUTSTANDING ORDERS @11/30 settled by today
o/s xauusd 0.01 buy 1180.00 closed on 12/1 +5.00
o/s xauusd 0.01 sell 950.45 closed on 12/1 -235.99

Note on that transaction: it should never have happened. I had accidentally activated an automatic program that used stop loss placements and did not realize it until it had executed this order. I should still have this as an open position. If I did, it would put me in a further negative carried p/l position, but my realized balance would be offset positively. Stupid mistake on my part. Needless to say, I changed my settings to eliminate the possibility of repeating that kind of error.

o/s buy 0.01 xauusd 1190.00 closed 12/1 +2.50
o/s buy 0.01 usdchf 1.0476 closed 12/17 +2.29
o/s sell 0.01 eurusd 1.4474 closed 12/17 +0.80
o/s sell 0.01 eurusd 1.4325 closed 12/18 +0.88
o/s sell 0.02 eurusd 1.4264 closed 12/22 +1.42
o/s buy 0.01 usdjpy 93.05 closed 1/7/2010 +2.89
o/s sell 0.01 eurusd 1.4206 closed 1/20/10 +0.53

New Orders since 11/30, already settled – ALL are GOLD BUY orders (XAUUSD)
Date of entry / Lot size / Buy Price / Date of Settlement / Net Profit
12/1 0.01 1198.86 12/2 3.64
12/2 0.01 1210.00 12/2 2.50
12/2 0.01 1210.00 12/2 2.50
12/2 0.01 1208.81 12/2 3.69
12/3 0.01 1210.00 12/3 5.00
12/3 0.01 1210.00 12/3 5.00
12/4 0.01 1150.00 11/11 10.15
12/7 0.01 1140.00 12/7 22.50
12/8 0.01 1140 1/11 16.20
12/8 0.01 1130 1/11 24.95
12/9 0.01 1120.00 12/10 12.15
12/11 0.01 1110.00 12/16 20.15
12/11 0.01 1120.00 12/16 17.70
12/17 0.01 1100.00 1/4 22.23
12/17 0.01 1110.00 1/6 20.88
12/17 0.01 1120.00 1/6 15.38
12/22 0.02 1080.00 12/24 46.29
12/22 0.02 1090.00 12/28 44.89
12/30 0.02 1090.00 1/4 64.19
1/12 0.02 1130.00 1/14 30.18
1/13 0.02 1120.00 1/14 48.98

New Orders Since 11/30, still outstanding as of today – ALL BUY GOLD positions
Date of purchase / Lot size / buy-in price
12/3 0.01 1220.00
12/3 0.01 1210.00
12/4 0.01 1200.00
12/4 0.01 1190.00
12/4 0.01 1180.00
12/4 0.01 1170.00
12/4 0.01 1160.00
1/11 0.01 1150.00
1/12 0.01 1140.00
1/15 0.01 1130.00
1/20 0.02 1120.00
1/20 0.02 1110.00
1/21 0.02 1100.00
1/21 0.02 1090.00

Current Equity Balance: $2,216.07.

Good progress from the last statement, though still actually down from the beginning, accounting for the $1000 cash infusion discussed on the last statement.

This is expected. This strategy almost requires an initial dip in equity as you accumulate positions, You actually want the market to move against you at times to accumulate positions, assuming at some point it turns back and allows you to take profits. ideally, the market settles into a somewhat volatile market, but within a particular range. But trending markets are nice occasionally to load up or cash in, depending on the direction of the move. The key is to maintain funds to accommodate the moves against you, and there may be times you have a major move against your equity position, but all in the name of future profits. You can only use this strategy if you do not need your funds available, as you need to count on them being tied up for some time, and your profit goals are long-term, not short-term.

We’re all caught up now. I’ll update you once or twice a month.

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