Fri 30 Nov 2007
Cable Glider Forex System Results for November 2007
Posted by Ed Mamula under Forex Trading Results , Narratives# winning trades (CG/ER)Â : 3/3
# losing trades (CG/ER)Â : 4/1
CG Return: 0.6%
Hedge Return: 2.0%
Current Allocation (CG/ER): 75% / 25%
Total Return Month to Date: 1.2%
Well the month of November has come to a close. This week was basically a non-event, with one tiny gain in the Euro account and one tiny loss in the Cable Glider account. After subtracting my living expenses, my equity has declined for the second month in a row. As I said last week, I made some mistakes this month, and the system didn’t bail me out of them.Â
It’s been six and a half months since I started trading full time, and my financial position is just about where it was six months ago. On one hand, I’ve really enjoyed the experience so far, and the freedom has allowed me to travel more and to see my family more often. On the other hand, it’s hard not to feel like a bit of a slacker for not looking for supplemental sources of income, whether it be job income or otherwise. When I left my last job, I was in a true state of job burnout. I didn’t intend to go full time as a trader so soon, so at least I’ve been able to tread water while I have in truth been undercapitalized and overleveraged.
In case anybody is wondering, this website has never generated any net income for me yet, but I do enjoy writing from time to time, even though my style can be rambling and very stream-of-consciousness (ness?). So for some reason, I’ve launched another blog where I can write about everything BUT trading. (and probably not make any money there either)
I will wrap up my trading for the year prior to Christmas and re-assess my financial situation and options at that time.
