The purpose of this blog is to track my currency trading results. I will endeavor to keep this updated with results of trades, reasoning behind the trades, and other useful information about the topic. ------------------------------------------------------ This is not investment or trading advice.
Monday, August 3, 2009
July month end wrap up
July was a much slower month for trading that June. This wasn't because there were fewer trading opportunities, instead two specific issues limited my trading. First, I started adding long positions after the strong move in late June. This left me unable to trade any shorts during the entire month due to the non-hedging rules that were put into place. Second, with vacation and moving to a new broker I did not want to have any more exposure in the account than necessary so did not add new long positions after mid-month. Ending up with a profit is still nice. August could also be a very slow month as I believe many traders around the world, especially in Europe take holiday around this time. I will still follow my trading plan but will wait until my funds are deposited at the new broker before opening any more trades.
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