It was like pulling teeth today although I ended up with a perfect smile.
A pretty straightforward losing trade this morning with the market just retracing right back costing me 13 pips.
Then as I was about to quit for the morning and go have some lunch, another trade appeared. It was actually just after 11am at which point I normally stop, but the green circles were on the 10.50 and 10.55 candlesticks so I thought, what the hell, give it a go (professional talk for making a considered investment descision).
The next hour and a half saw the trade move sideways, going nowhere, and with my stomach rumbling I almost considered closing the trade at a breakeven but had the descision made for me as the market finally moved… and carried on moving until just before 4pm locking in a pretty decent 114 pips profit to end the week on. Sweet.
So another profitable week for TUFXP at 177 pips.
The sum total profit so far, had I carried on with the previous staking plan, is detailed below. The price per pip today would have been £363. Of course, although I’ve been told IG Index will accept up to £500 a pip, I seriously doubt I would get my trades matched as quickly as I am currently. When the trades move fast even now I have had trouble getting the price, one day giving away ten pips trying to get in a trade.
Still, it’s fun to see what ‘could be’:
30/6 +12 +£2424 (£42,926)
1/7 -4 -£860 (£42,066)
2/7 +48 +£10,080 (£52,146)
3/7 +4 +£1044 (£53,190)
4/7 No Trades
7/7 +76 +£20,216 (£73,406)
8/7 -22 -£8,074 (£65,332)
9/7 +22 +£7,194 (£72,526)
10/7 No Trades
11/7 +101 +£36,663 (£109,189)
So there you go. I’ve turned a £2000 betting bank into £109,189 in 8 weeks… if only!
Still, on a more sensible level, at £10 per pip I made £1,770 this week which is pretty respectable for a ‘mechanical’ trading system.