Friday marked one year of trading and I thought I should mark the occasion some way but unfortunately I have been very busy at work and haven’t had much time to blog. To surmise the year it was a tough and hard experience that showed me there is no such thing as a free meal. After increasing my balance by 50% I end the year up about 20% with some appalling recent trades.

The bright side is I’m up by 20% and haven’t run my account into the ground. My predictions for the year ahead are a Christmas rally back to 4500 on the FTSE 100 and a test of 3300 in the New Year (I’m feeling March). So my current game plan is to offload the last of my bad trades on a decent rally and keep a long position open till Christmas. I will close down everything and take some time off over the Christmas period then back in January to start it all again.

Lesson of the year: Stop Loss is your best friend, you mightn’t like him for telling you some home truths whilst you raging drunk, singing on the bar but he will get you home safe.