Equity markets managed an overall gain this month in a busy corporate earnings period that mostly beat the street. This led to back to back gains from last month with the PREMIUM service once again delivering a better return which hopefully justifies the higher subscription fee.
I continue to use low leverage and continue to withdraw any profits at the end of each calendar month in a disciplined approach to provide myself with an income. I will be looking to run a second account in the near future where slightly higher gearing/leverage is used.
This month a total of 260 trade orders were provided. You can expect anything from 200 to 300 trade orders in any given month. This incorporates morning and afternoon orders. A total of 56 or 21% of trades were activated which is on track for average activity. Several orders are provided but often the wider levels will not be hit unless the market is particularly range bound on that day. Fewer trades are much easier to manage and trading for the sake of it invariably leads to failure.
This month of July has banked 3.6% making £360 on my £10,000 account. The PREMIUM service delivered a return of 5.3% or £530 over the same period but requires more time to take advantage of.
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.