As I noted before my account hit the 1200 euro mark which wasn’t the highlight of last year. Today I got what I can only say was an unexpected email in the form of a margin call for 700 Euro. I have two positions shorting the FTSE and both needed margins of 600 which eat’s up my 1200. So I guess in hindsight I should have expected the call. I have had these positions for more that two weeks and both are March futures which are coming around to being winners again after a short spell as loosing trades.

This is part of my new trading strategy this year which will be to trade a lot less and wait for the key entry point. I am also going to be taking a longer term view of the markets and betting more on the longer term futures which have a larger spread but more room to move. Unless great opportunities arise I will be trying to stay away from the day trading. Last year the cardinal sin was over trading nut I think you have to get that out of your system in order to mature as a trader.

No related posts.