Its been a poor month and is the second losing month since inception. Not a massive losing month but annoying that it came just as we got back onto target. for the 24 months
This month has prompted me to look at the way we trade the system and next month i may be making another change as to how I trade it - basically i may be trading less but making more.
Anyway, by the 10th August we were into a new high on the account of 77k which put us within a whisker of bieng back on track and then we entered this drawdown period. we are currently at a drawdown of 33%.
Ive actually got to a point where i look forward to drawdowns as I know that the lift out of them will be swift. I also know that the deeper the drawdown the more agressive the lift out of it.
Anyway, next month is a big one for the report as it will mark the first anniversary of the account and will hgerald our first annual report for Grail.
If there are any changes in schedule to be made it will be next month so until then, ill leave you with the monthly report.
- Opening balance:£50,556
- Closing Balance: £ 42,078
- Cash in holding account: £10,000
- Account Valuation total Last Month £60,556
- Account Valuation total £52,078
- P/L: -£8478
- % Gain on account: -14.00%
- Lowest account value: £ 51,590
- Highest account value: £77,762
- Maximum Drawdown: £26,172 = 33.6% peak to valley (ouch!)
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