HomeMonthly ResultsJuly 2011 Summary


July 2011 Summary — 2 Comments

  1. This was a very difficult month. Lots of volatility on the markets, because of the economic crisis in Greece, and the worsening debt situation in the US.

    This month was negative because of a large loss that occurred on July 13th, when Moody’s surprised the market and announced they may degrade the US credit rating. The problem was it happened right in the middle of the Megadroid trading session! I guess that’s the risk of automated trading.

    Fortunately the following week was decent, and I finished the month only down around 44 pips on average. While not a great result, it’s certainly recoverable especially with the high trade counts we’re currently seeing.

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