Wednesday, June 30, 2010

June 2010 Review

June was a struggle. A struggle in a couple ways. First I was sick over the month that encompassed almost 2 weeks. Secondly, I was on vacation for over week. Between both of those events it severely limited the amount of time I could spend on trading. Finally, the trades I did put on didn't do much and I remained flat for most of the month. Then the last couple days of the month, I was able to put on a good trade that could have been a whole lot better. That last trade put me into the profitable column for the month of June!

Through all the struggles this month, I was able to have a positive month. I profited +1.22%, $132.80.

The GOOD:

  • Risk control
  • Did not over-trade

The BAD:

  • Trade size not consistent

As I mentioned in last months' review I did not keep my trade size consistent and it cost me money. Well, I did the same thing this month! The one series of profitable trades were only traded at half the gearing I should have used. That will be the focus of July.

Overall I'm thrilled with the results. It furthers proof that my trading proficiency is at a level that can eventually be built into a sustainable business. July will be a very important month. Not to get too far ahead of myself; however, if July is a profitable month I would start plans to get more capital infused into my trading, to take it to the next level up the ladder.