February Close

What a month this has been for trading… Corona virus has seemingly played havoc with all markets and the EURO has reacted with volatility at first plummeting and right on the last day of the month seemingly supported by the major institutions. A clear sign that the market makers does not know what to do!

2020 YTD

We had hedged positions in EUR earlier in the month and caught the big swings both ways.

Rather than sit on an indicated 3% profit for my Darwin WET for the month I traded on Friday entering positions knowing we would be pulled back into drawdown for month end.

Seeing value and opportunity is more important to my trading than looking good at month end.

Feb MTD

We had a high water mark at 3% for the month and continued to scale into positions that are likely to crystallise in March.

3 month rolling performance

The underlying performance has been solid for me this month returning 7.5% on closed trades which is above my target. The strategy is proving to be robust in times of excess volatility and the money management being key to future success.

Yes, we enter March with drawdown but I’m confidently placed to capitalise on the next EUR move. I’m really looking forward to some strong trades in March.

DEMO Investment Fund is performing steadily, I would like to see a move up from the current positioning. Let’s see what the market gives us:

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£10K demo investment fund YTD