Another good month,
building upon the last.
This time my accounts were up 6.9%.
Nice to see the equity curve head in
the right direction after
languishing for awhile.
Strangely enough it was an entirely
different set of systems that
brought in the money this month as
compared to last.
As all traders will know, the
markets are still troubled with the
sub-prime mortgage crisis and
associated credit risk, and we are
seeing periodic extreme volatility
spikes. Exciting times, but
sound risk management is absolutely
essential. Hopefully,
things will continue the way they
are going, giving me the opportunity
to push a little harder.
As an aside: OANDA recently
did an interview with me, which may
be read here:
http://www.fxtrade.com/fxtrade/trader_stories/malcolm_morley/
Wishing everyone good trades.