The first two weeks of the month have been quite volatile. The first week of the month was a good week with an exceptionally high gain of 50% gain. No one ever complain when the volatility is to the upside.
Monday of last week, we had another 40% in open unrealized profit headed towards much larger gains with the momentum on the Asian open and then North Korea tested a nuke and those gains were wiped out. At least no losses were taken there but had North Korea not tested a nuke we would had seen over a 100% return for the week. This was exactly the plan going into the month. To start off defensively, aiming for 50% gains each week mentally but knowingly content with 50% -100% gain for the month.
Later in the week before the G20 summit, comments from world leaders kept turning the market on a dime. It was a tough week and trading environment and all previous week’s gains were given back. It is fair to say profits could be booked earlier but there is no way of knowing ahead of time when a highly unusual event is going to occur and the way to make money is to press winning trades NOT to take profit on them.
After a light European session overnight with little movement there is a bank holiday today in the USA. This leaves eight more trading days for the month of February. The plan now going into the close of the month is to play defensively once again. The goal now for the month is a 30% gain. The purpose of playing defensively at the moment is to gain a read on the market and find it’s pulse to see if the yen weakness theme continues, consolidation takes place, or we see a over-reaction the other way.
During the weekend I had the idea to write a few thoughts down to provide a wrap up of the previous week and my mindset going into the next one. I expect to continue with this on a more regular weekly basis.
The goal for the year still remains a 15,000% return. This requires just under a 52% return monthly. We have all the tools in place to achieve this. This reports will help me keep focused during the process.
or 
{ 2 comments… read them below or add one }
How often do you update Jordan,,,I signed up for your site, but so far have not received further information on how to get into it.
You should now once signed up be able to access all of the information in the training section of the website. If you are unable to view the pages you just need to login.
If you are looking for additional information like on how to sign up for the trade copier services and the Eros Project you can find more information here.