My irrational trading journal

[gomer_tree]

SELL USDJPY 81.304

This position was executed this morning.

[gomer_tree]

The aforementioned usdjpy position was closed this morning at at a price of 80.615, for a profit per microlot of $8.55, less $0.02 per microlot swap fees.

Current month-to-date return so far in July is +2.38%.


Pending Limit Orders:
SELL USDCHF 0.86518
SELL GBPJPY 134.727
SELL EURCHF 1.50940
BUY EURUSD 1.33763
BUY EURGBP 0.80840
SELL USDMXN 12.4089
SELL GBPCHF 1.81920
SELL EURAUD 1.63150
BUY AUDCAD 0.94550
BUY AUDNZD 1.28413
BUY XAGUSD 15.99
SELL USDCAD 0.98657
BUY AUDUSD 1.04411
SELL EURJPY 117.729
BUY XAUUSD 1483.25

[gomer_tree]

BUY AUDNZD 1.28413

This position was executed on 7/8.

[MountainHawk]

Just as a curiosity, why do your trading fees vary so much?

[gomer_tree]

Originally Posted by MountainHawk

Just as a curiosity, why do your trading fees vary so much?

Are you talking about the swap fee?

The swap is not the trading fee. The spread is the fee that's charged upon entering a trade. The entry/exit price I show already incorporates those fees.

The swap can incur in your favor or be incurred against you, depending on the currency pair and the direction of the position you hold (long or short). It's the rollover fee for carrying the position over to a new contract. Kind of like a holding fee might be. The longer you hold a position, the larger that swap fee gets (for or against). In the vast majority of cases, even after holding a position for a while, it's pennies, and pales in comparison to the market swings, so I don't really consider it in entering a position. I include the information simply for full disclosure on actual profit.

[MountainHawk]

Oh, I see. Thanks.

[gomer_tree]

This position was executed on 7/8.

This position was closed this morning @ 1.29412 for a profit of $8.19 per microlot plus swap fees (my benefit) of $0.08.

Currently I have no open positions.

Month-to-date return so far in July = +2.60%

Current Pending Limit Orders:
SELL USDCHF 0.85884
SELL GBPJPY 134.352
SELL EURCHF 1.49880
BUY EURUSD 1.34274
BUY EURGBP 0.81470
SELL USDMXN 12.3985
SELL GBPCHF 1.80880
SELL EURAUD 1.62240
BUY AUDCAD 0.95030
BUY XAGUSD 16.51
SELL USDCAD 0.98430
BUY AUDUSD 1.04557
SELL EURJPY 117.620
BUY XAUUSD 1486.90
SELL USDJPY 81.461
BUY AUDNZD 1.27409

[gomer_tree]

BUY AUDNZD 1.27409

sudden plunge in the exchange rate triggered this order last night.

[gomer_tree]

Current Pending Limit Orders:
SELL USDCHF 0.85503
SELL GBPJPY 132.842
SELL EURCHF 1.4921
BUY EURUSD 1.34616
BUY EURGBP 0.81580
SELL USDMXN 12.2896
SELL GBPCHF 1.80730
SELL EURAUD 1.60620
BUY AUDCAD 0.95750
BUY XAGUSD 16.90
SELL USDCAD 0.98309
BUY AUDUSD 1.04807
SELL EURJPY 117.584
BUY XAUUSD 1490.08
SELL USDJPY 80.775

[gomer_tree]

Summary as of close of business today, 7/31 (no trading on weekends):

First of all, the reason I have not posted is because I've had zero trading activity since the AUDNZD order was triggered. That is still at a loss position, and nothing else has retraced to execution points. Just being patient. Still had a decent month.


Account status as of 7/31/2011: +62.87% since inception (11/1/2009)
Annualized: +34.02%; Avg Per Month: +2.35%

Return in July 2011: +2.04%



11/1/2009 - 7/31/2010: +89.71%
8/1/2010 - 10/17/2010 (the date at which point I ceased the short strategy and liquidated positions): -34.35%
10/18/2010 - 12/31/2010: +11.94%
1/1/2011 - 1/31/2011: -7.23%
2/1/2011 - 7/31/2011: +25.93%



Ref# 236046.384447.608d.21m


Current positions

7/14/2011 BUY AUDNZD @ 1.27409 [Current profit position = -$21.64 per microlot plus favorable swap fee of $0.86 per microlot]

Current Pending Limit Orders:
SELL USDCHF 0.83415
SELL GBPJPY 130.830
SELL EURCHF 1.46870
BUY EURUSD 1.39502
BUY EURGBP 0.83541
SELL USDMXN 11.9590
SELL GBPCHF 1.73570
SELL EURAUD 1.49700
BUY AUDCAD 1.00334
BUY XAGUSD 19.31
SELL USDCAD 0.96717
BUY AUDUSD 1.05940
SELL EURJPY 115.567
BUY XAUUSD 1509.88
SELL USDJPY 80.233
BUY AUDNZD 1.24874