Trading Trail #32: Back to Break-Even
Feb 3, 2012 at 11:09 am in Trading Diary by
I’m using this week’s trading trail update to mark the point at which my model position trading account got back to break-even; which was at 10:15am this morning (3 February 2012). It was difficult to catch the exact moment, but you can see the proof in the account balance snapshot below.
As you can see in the following equity curve, I’m still under-performing the FTSE 100 and FTSE 250 indices, but my equity curve is rising much faster than those indices are.
This equity curve is pretty much as I predicted in my article Trading Trail #24: No Worries — the one in which I drew a handy picture of a catapult being pulled back and ready to shoot a long way. While I have some way to go before I catch up with the FTSEs and make a healthy profit, it shows that this account (and approach) hasn’t turned out to be the dead loss that many observers will have concluded. Now is not the time to be complacent, because we all know that the markets can turn around very quickly. Nor is it time to cash in for my massive £1.38 profit.
You will no doubt be keen to see the latest list of holdings in the account, so here it is, but of course these are not recommendations for you!
Tony Loton is a private trader, and author of the book “Position Trading” (Second Edition) published by LOTONtech.