Saturday 21 March 2015

Trading Update: 21 March 2015

True Profits Earned in 2015 to date: US$18,270.90
All-time maximum profit earned since 2011: US$150,971.78 (new high water mark!)
Current drawdown from all-time maximum true profit earned: US$0
Change from last update: Up US$6,194.73

Directional stance: Portfolio is 56.03% bullish

A good week that ends with a nice figure for a new high water mark and no drawdown. Market is heading towards new highs again. The route to the top is currently plotted to be by way of three legs - S&P 500 will go on to 2120+, then down to 2070/2080+, then final top at 2170+. But market loves to surprise and will let us know if it decides to deviate - we just need to observe her very carefully and adjust our route as appropriate. It's all about trading the most highly probable scenario and not thinking too much, like Simon Mignolet.

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