October 2018 Market Update

October saw the sharpest one-month decline for global equities since May 2012. Investor concerns over the durability of the US economic cycle and worries over global growth and trade for the Eurozone contributed to the steep declines witnessed. The FTSE 100 retreated to levels seen back in mid-April whilst the Dow Jones index lost much less ground by visiting levels last seen in August 2018. Consequently after four consecutive winning months, I experienced a losing month.

This month a total of 254 trade orders were provided.  You can expect anything from 200 to 300 trade orders in any given month. A total of 58 or 23% of trades were activated which is on track for average activity. Fewer trades are much easier to manage and trading for the sake of it invariably leads to failure.

The month of October saw quite a difference in performance between our two services. The STANDARD service lost -7.6% but the PREMIUM service only lost -4.8% which was a lower drawdown than the gain delivered in the preceding month. Being more active proved to make a difference this month as profitable trades were covered quickly where possible reducing the amount of losing trades for PREMIUM subscribers.

Using low leverage means low drawdowns however if you are comfortable taking more risk, gains can be multiplied by increasing position size. My position size is included in my orders but obviously users can amend this according to their account size or risk profile. Past performance mentioned is no indication of future performance and may not be repeated.