2017 has certainly been a crazy year with high volatility and uncertainties, I suppose that is what we traders live for, however, it does stress out the heart somewhat.
Just received the unaudited absolute performance of our trading year to date, and we have managed to lock in absolute returns of 160.79% till end October.
We had a total of 54 trades for the past 10 months or an aveage of 5.4 trades per month.
Our leverage was averaging about 7 times.
All in all, not a bad trading year.
The month of June was a busy month, I did 9 trades and two options.
I lost on two trades and nearly loss big time on the EURUSD call option but managed to recover and actually made a profit. You will recall that the two month EURUSD call option had a breakeven of 1.3175 and expiration on 28 June 2013. I squared at 1.3268 and it hit a high of 1.3365 just before expiration.
The yum yum trade was the 2 week USDJPY call option. I just felt the JPY strengthened too much too quickly and a significant correction was going to happen. So I bought a call option at 94.15 with a breakeven at 95.86 and I bought back the option at 97.50 for a nice profit of 16.8%.
So for the month of June, I am up 33.3% in absolute returns. So far, YTD trading profits in absolute is 136.7% with this month’s trading profits, it brings the absolute returns year to date to 170%.
I am born in the Year of the Tiger.
The Panthenon Investment Group 