Month seven then and 25% of the way to our goal.
Might seem a bit strange to you that we are still aiming for the million and only 17 months to go - hell, i would be dubious too but think of it this way - our moneymanagement means that we literally double our stake every 4 months on average.
That means that 10k becomes 20 in 4 months which we managed in 5 months (bit behind)
Step 2 ios 20k to 40k, then 40 to 80 etc etc - see what i mean.
At the moment progress is painfully slow - year two is the big mover when we are 100k+ in the account.
So, anyway, Month 7 has been a strange one - very early in the month we were 30% up on the month which then slipped back down to zero gain and in two days weve rushed up again as you will see below with the monthly report.
Some might say "why not quit for the month once youve made your target" - good question but our backtests show that some months will do as much as 52% and as there is no way to predict what will be a good month or a bad month then we just play on.
It may also interest you to know that I have almost now become a full time Grail trader. Ive almost given up scalping and daytrading for good. I have a second account which trades grail and every time the account reaches a specific limit I take money out to live on. It makes me around £4000 a month which is enough to pay the bills etc whilst the main account grows untouched.
Why am I going this way? well believe me after four years+ of day trading you grow very tired of it. Grail is a simple mechanical system with no thought processes going into the trades whatsoever. some days it wins and some it loses but overall it makes money.
Day trading to me is like chinese water torture. No matter how hard you study and work you can never be like 95% right, best you can manage in my opinion is around 80% and that's when you are on top of your game - and to me it isnt worth the extra work and heartache to carry on when i have a system that needs no mental anguish at all. - why bother chasing chickens when you have a goose which lays golden eggs?
Next month it may be time to reveal the 'extra' strategy which will come into play when the account reaches 40k. Thats if we get there by then :)
Anyway, time for the figures then.
- Opening balance:£22510
- Closing Balance: £30,397
- P/L: £7,887
- % Gain on account: 35.13%
- Lowest account value: £ 22,403
- Highest account value: £30,397
- Maximum Drawdown: £7184 = 24.2%% peak to valley
