Wednesday, October 02, 2013

Quick update and approach to new trades

Due to an issue with blogger over the last couple of days (which I am assured they are currently working on), it is not possible to update the performance summary on the sidebar. Instead, the detailed performance summary has been updated.

The markets continue to be tricky at the moment, with conflicting signals given on some of the major indices I track - short terms lows on some, close to new highs on others. I have attempted to open a few new positions over the last week to ten days, however most of these have ended up being closed with small losses being taken.

As a result, I am taking a conservative approach to opening new positions until the picture in the indices becomes a bit clearer. Trading is an odds game, and at the moment the odds are not in my favour, given the general market conditions.

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