Medium term
Trade view / 03 October 2016 at 0:37 GMT

UPDATE: Summary of year-to-date trades to end Q3

Managing Partner / Spotlight Group
United Kingdom
Instrument: OJX6
Price target:
Market price:


As we have closed Q3 2016. please allow me to report on the returns through the the end of September.

They have been 63 opened and closed trades in the year to September 30.

In profit 50 trades, loss making 13. Profitable to loss ratio = 3.85:1

When adding in the trades still open this changes to:

In profit 55, loss making 18.  Profitable to loss ratio 3.06:1

In the past I have reported my return as an average - ie return spread over all trades to report the average return.

However, to answer the request of some followers I will now report the overall net gain.

That is: +195.72%.

— Edited by Adam Courtenay

Non-independent investment research disclaimer applies. Read more
vanita vanita
Dear Steve,
Very Gud morning.
Please suggest one currency pair trade before NFP data & with hedge currency if it goes against to minimise loss.
Thanks take care Steve .

Ali Baba Ali Baba
Steve - Why don't you establish your own Hedge Fund ? This year few have been able to better 20% !!!
Krunil48 Krunil48
Dear Stephen, Thank you for all your articles and trades. I'm just trying to understand exactly what you have written above. I assume, to open 73 trades this year you will have had to allocate a proportion of your initial capital (100%) to each trade. For example if you had had 10 trades open at any one time, then perhaps 10% to each trade. If you made 5% on any one trade that would represent 0.5% on your overall capital if you had used 10% of it for the trade. On the other hand, you might have borrowed/ geared each 10% trade but would then have interest costs. Are you saying that if you had started the year with £100 you now have £295.72 (£100 + 195.72%). Any help greatly appreciated.
vanita vanita
Dear Steve,
How you see dax and nasdaq indices.
If I buy dax and sell nasdaq it's gud trade or I should sell dax and buy nasdaq which you prefer sir.
Take care steve.
Stephen Pope Stephen Pope
Dear Krunil48,

Thank you for your support and question. There is a reserve of money that can be active or passive as I see fit.

On occasions trade positions can be doubled up ... say a trade is going against me and I move from a medium-term to a long term perspective if I have faith and feel the trade just needs a little longer.

Trades are sometimes usually leveraged so that I am not booking a fraction of the net gain...or indeed loss. I usually work to the front month contract but can roll when required.

I do know of players that might look to build trade depth by e.g being involved in the Dec 2016 (Z6), the Dec 2017 (Z7) and if there is sufficient liquidity the Dec 2018 (Z8). But I do not tend to go for that...maybe a blend of Dec 2016 (Z6) and March 2017 (H7).

So capital costs have to be factored in...but I see my net to end Q3 +195.72%.

Please note I will only be submitting one market comment and one trade view per week via this platform from October onwards.

Krunil48 Krunil48
Thank you for your reply.


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