Below I have summarised the top 10 winning and losing trades taken over the course of the last twelve months (for last years' list, go here). The trades shown below are included in the performance statistics summarised here:
Top 10 winners
Top 10 losers
- All of the above trades were long trades;
- 7 of the top 10 winning trades were European stocks. This was mirrored in the major indices, with for example the German DAX moving up to all time highs, while the FTSE basically flat lined;
- The last 12 months included a couple of periods of no trading activity for 2-3 weeks, such as when the US Government shut down over stalled budget negotiations - with the uncertainty in the markets at the time the safest course of action was to avoid taking new positions;
- Four of the losses were bigger than 1R - this is where the stock gapped through my intended stop levels, or there was a large element of slippage - the largest loss was discussed here;
- On the two largest winning trades I employed the Uniform Risk Exit (go here for more) - the closing price shown is the average closing price, and the closing date is when the trade was completely closed;
- As you can see, in most cases, the holding period for these losing trades was significantly shorter than the winning trades - in some cases the trades were closed within 24 hours of being opened;
- I opened far fewer trades in the year to 30 June 2014 compared to the previous year - this is as the market conditions were not as favourable for my style of trading. Sometimes less is more.
The overall returns on a month by month basis since July 2012 are shown here.
These trade signals were all per the system rules in my e-book, and were tweeted in real time to the members of the mentoring programme.