How we are doing, June 2015

Here are our funds as we stand. As you can see, Ferrari, which shows share trading, is up. However, Slow Trader, which shows FX (foreign exchange) trading is down.

Snip20150603_4

I am not concerned about Slow Trader’s position as the FX market is a tricky beast with high volatility. We are learning how to tame it.

That’s not meant to be flippant. I regularly trade the FX now with over a thousand pounds a day gain. The secret is learning how not to give it all back in small chunks. That is, improving the win-loss ratio.

Our strategies are maturing, and I’m confident we’ll see the FX benefits very soon.

About Ferrari, I am delighted with its progress. We were well over £16K a few days ago. The recent downtrend in the market hit us but that, in turn, provides buying opportunities.

Snip20150603_6

Going forward, I have spoken to most of you, and I get the feeling that there is no excitement about an income fund at this stage.

Therefore, although I will still treat the fund as income, I propose that we grow the higher investors to £9,000 each and review the situation.

One reason to keep the fund lighter, and remember it is a leveraged fund, is my confidence in trading a more massive (leveraged) fund. You may not consider the size of the fund to be substantial. Leveraged we are (with the associated risk that imposes on me) – and if you compare what we are doing with a traditional fund – we are talking short term trading with the equivalent of over £100,000.

Having said that, I feel that as we grow in experience, I am happy to expand the trading fund.

Going forward, I will now report on the fund as early as possible at the beginning of each month.

Leave a Reply