Since last posting I have been relatively quite on the trading front. The big hit I took on PLS.IR pushed my account down by 45% which I never recovered. I took a sideline for a few weeks and then came back with a new plan of attack, which in essence involved buying the rallies and selling the shorts. This was working until I made some pivotal mistakes, the first being too confident which made me money but then when I lost some I placed an irrational comeback trade which I still have open (yeah I know cut your losses run your profits). This is now down 250 or so. Another position I had open was a short on the FTSE March futures at 6430. This had made me 430 but I didn’t close and then the Christmas rally kicked in taking it all back.

So that concluded 2007, it didn’t break me and I am still trading but I had hoped to break even at the very least. Another year and a whole new round of trading, here’s to a new and prosperous new year.

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