October was great! With a total net profit of 83.34, almost 8% it was close to my idea of JACKPOT!
The biggest move, and the hardest decision I took, was to attach my account to another investor and I am copying his transactions (and it was a hard decision as I needed to create an excel file, add my PRO and AGAINST arguments, then give them numbers).
As the EURGBP parity has a floating -300USD open I needed someone to help me on the account so I can take away some mental pressure. The plan is to gain 2-3% from the investor and with my 3-4% to reach a medium of 7% per month. Then use the 2% which is a ‘bonus’ considering the business plan and start closing some (negative) EURGBP positions.
The only catch is that there is a risk associated with trading with an investor and that is the loss of control on the Opening of Position. I can manually close them (and I will if I feel the need, especially with my background). I see the current investor takes a 10% commission from all the positive transactions, but I am more than happy to pay this (so from a 2% gain, I pay him 0.2%).
Now, coming back to the Total Net Profit, if I subtract the commission paid for the deposit of 100USD and the commission for the investor we have a net of 76.89USD (or 7.2% gain, not too stingy).
Another thing that makes me happy is that our won positions are around 78%. Meaning from 10 transactions I take, 7,8 will bring back the cash. If I should take positions with 1/1 (risk/reward) ratio I will gain 5% per month.
As you see we progressed very well, with 121 trades this month. If only all months will be like this from now on. I am very curious for the future and trading with an investor.
The biggest winners except EURGBP and EURUSD(where I was helped by the investor) came from the GBPUSD pair with almost 1% win (8.96USD).
And for the loser, we have the EURJPY with a loss of -7.49USD.
This is for this month, I barley can wait to see how November goes! Thank you for reading this!