Digital Diatribes

A presentation of data on climate and other stuff

Forex Account Update as of 4/30/2012 [Through 02/28/2011]

Posted by The Diatribe Guy on May 2, 2012

Continuing my account updating:

OUTSTANDING ORDERS as of End of Day 01/31/2011 settled by End of Day 02/28/2011
Date of entry / Type of Entry / Lot size / Currency Pair / Entry Price / Date of Settlement / Exit Price / Net Profit
01/04/2011 BUY 0.02 xauusd 1388.655 02/21/2011 1394.65 +11.10
01/13/2011 BUY 0.02 xauusd 1374.770 02/17/2011 1381.64 +13.09
01/20/2011 BUY 0.02 xauusd 1361.020 02/11/2011 1366.29 +10.13
01/20/2011 BUY 0.02 xauusd 1347.040 02/07/2011 1352.53 +10.68
01/24/2011 BUY 0.02 xauusd 1333.580 02/01/2011 1339.12 +10.93

*Net profit means profit after consideration of swap fees (these can be negative or positive)

New Orders since End of Day 01/31/2011, settled by end of day 02/28/2011
Date of entry / Type of Entry / Lot size / Currency Pair / Entry Price / Date of Settlement / Exit Price / Net Profit
02/02/2011 BUY 0.02 xauusd 1333.58 02/04/2011 1348.04 +28.85

New Orders Since end of day 01/31/2011, still outstanding as of end of day 02/28/2011
Date of entry / Type of entry / Currency Pair / Lot size / Entry price
None.

Carried Orders Since before end of day 01/31/2011, still outstanding as of end of day 02/28/2011
Date of entry / Type of entry / Currency Pair / Lot size / Entry price
None.

Equity Balance @ 02/28/2011: $3,424.67
Current Month Return: +12.18%
Initial 10/31/2009 balance: $2,360.46
Current Yield since inception: +45.08%
Annualized Return: +34.78%
Average monthly return: +2.35%

11/1/2009 – 7/31/2010: +89.71%
8/1/2010 – 10/17/2010 (the date at which point I ceased the short strategy and liquidated positions): -34.35%
10/18/2010 – 12/31/2010: +11.94%
1/1/2011 – 1/31/2011: -7.23%
2/1/2011 – 2/28/2011: +12.18%

Journal Notes:
It would be great to see the future and know exactly when to get in and out. That’s why, as much as others may see what I’m doing as “market-timing,” I don’t see it that way. Basically, I have a plan for getting in and a plan for getting out with a general long-term expectation on the direction of price. I fully realize that at times I’ll get in only to see price drop further. I also realize that I can quite easily take profits before maximizing return. I do this to lock it in, because price can retrace just as easily as continue upward – and it often does.

So, now I wait. At some point, price will drop and I’ll buy in again. It always does. I don’t sit here and think “what if” after getting out, I just wait for the next opportunity. Constantly saying “what if” leads to bad decisions.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: