Pre March Close Update – All Positions Flat

Trading through extreme markets

The chaos unleashed last week in the markets have hopefully found a base level. The institutional levels have been reset and hopefully I can plot to trade these uncharted expansion zones.

It was a difficult period to trade through, my plan does require self discipline but this helped me navigate through the anticipated drawdown of almost 8% on my Darwin WET. The biggest challenge was a EURCAD position which pulled me into the wrong side of the market with an unbelievable depreciation of the Canadian Dollar in a rapid amount of time. Ditto with the EURUSD taking out all of 2019 positions and some. Just staggering to witness.

Whilst these positions can cause short term concern it is important to acknowledge the importance of these equity swings in my plan. They provide further opportunities and confirmation of new alpha zones for me to trade into. So in summary the EURCAD trade ended up being very profitable after the peak drawdown.

I plan to continue to trade intraday on GBPUSD and add further long term positions in EURUSD, possibly EURAUD/GBPCAD next week with an eye on early April profits. These position trades may see the monthly return drop before month end depending on how fast the market moves next week. Or we could end up higher, I really cannot say but just trade what I see.

Take care!