Despite a positive start to the month, global equities declined overall as the spread of coronavirus reduced risk appetite especially amongst energy and airline stocks. US equities initially rallied but erased all gains with the Dow Jones index losing -1.1% due to the coronavirus outbreak in China. The FTSE 100 lost -3.4% with the end of the month marking the official departure from the EU. Sterling gained sharply after the Bank of England kept interest rates unchanged. The German DAX declined by -1.5% for the month. The first half of january saw the US and China reaching “Phase One” of an economic trade agreement, helping US equities maintain their lead against other major markets.
Both services managed to deliver positive performance despite a negative return from the indices. This month a total of 264 trade orders were provided in what proved to be a fairly busy month. You can expect up to 300 trade orders in any given month. A total of 76 or 29% of trades were activated with a win ratio above our target of 70% per month. Generally no more than 30% of trades are activated per month.
The first trading month of 2020 again saw outperformance within the PREMIUM service once again. The STANDARD service gained 2.4% whereas the PREMIUM service delivered a marginally better gain of 3.8% in a very tough trading environment. The PREMIUM service delivered a gain of £570 on my £10,000 account due to higher leverage (1.5) used. I also continue to trade on my £20,000 account but will always keep my smaller account as a good reference point as this was my initial account when this service began.
Using low leverage means low drawdowns however if you are comfortable in taking more risk, gains can be multiplied by increasing position size. My position size is included in my orders but obviously users can amend this according to their account size or risk profile. Past performance mentioned is no indication of future performance and may not be repeated.