Digital Diatribes

A presentation of data on climate and other stuff

Forex Account Update as of 4/30/2012 [Through 07/31/2011]

Posted by The Diatribe Guy on May 4, 2012

Continuing my account updating:

OUTSTANDING ORDERS as of End of Day 06/30/2011 settled by End of Day 07/31/2011
Date of entry / Type of Entry / Lot size / Currency Pair / Entry Price / Date of Settlement / Exit Price / Net Profit
06/23/2011 BUY 0.02 xauusd 1524.66 07/06/2011 +12.50

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

New Orders since End of Day 06/30/2011, settled by end of day 07/31/2011
Date of entry / Type of Entry / Lot size / Currency Pair / Entry Price / Date of Settlement / Exit Price / Net Profit
07/01/2011 BUY 0.02 xauusd 1491.63 07/05/2011 1507.88 +32.48
07/07/2011 SELL 0.01 usdjpy 81.304 07/08/2011 80.615 +8.53
07/08/2011 BUY 0.01 audnzd 1.28413 07/12/2011 1.29412 +8.27
07/21/2011 SWAP ADJUSTMENT -0.24

New Orders Since end of day 06/30/2011, still outstanding as of end of day 07/31/2011
Date of entry / Type of entry / Currency Pair / Lot size / Entry price
None.

Carried Orders Since before end of day 06/30/2011, still outstanding as of end of day 07/31/2011
Date of entry / Type of entry / Currency Pair / Lot size / Entry price
None.

Equity Balance @ 07/31/2011: $3,844.47
Current Month Return: +2.04%
Initial 10/31/2009 balance: $2,360.46
Current Yield since inception: +62.87%
Annualized Return: +34.02%
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 – 7/31/2011: +25.93%

Journal Notes:
The swap is not the trading fee. The spread is the fee that’s charged upon entering a trade. The entry/exit price I show already incorporates those fees.

The swap can incur in your favor or be incurred against you, depending on the currency pair and the direction of the position you hold (long or short). It’s the rollover fee for carrying the position over to a new contract. Kind of like a holding fee might be. The longer you hold a position, the larger that swap fee gets (for or against). In the vast majority of cases, even after holding a position for a while, it’s pennies, and pales in comparison to the market swings, so I don’t really consider it in entering a position. All fees are considered in the profit disclosure.

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