THIS WEEK’S ROBOS STRATEGY RESULTS
Trades: 6 / Winners: 3 / Losers: 3 / Break Even: 0
Weekly Gain/Loss: +9.00%
Click here to see screenshots of every trade position from last week…
News from the trading desk…
The past two weeks has seen ROBOS recover most of the losses suffered in the previous five weeks, during what has become a tumultuous year geopolitically. My family and I are now back home, having spent the past few weeks in Europe and the U.K. Apart from experiencing the extraordinary, shock U.K election result fallout, we were in London when terrorists made their murderous attack on London Bridge and also in Paris when the police were set upon at Notre Dame by a hammer-wielding religious extremist. We also witnessed first-hand, the terrible Grenfell Tower fire in North Kensington.
Despite these tragedies, our trip was otherwise a wonderful experience, with the highlight being the launch, at The Chess Club in Mayfair, of my eldest daughter’s book, The Vertue Method. No, it’s not a book about Forex, nor anything even resembling trading for that matter. Shona has spent the past three years in London, carving out a career as a fitness trainer and yoga teacher and in that time, she has garnered more than 100,000 Instagram followers.
It goes without saying that I’m extremely proud of her achievements, but not for the obvious reason that she’s found fame and fortune. I’m proud because Shona epitomises the value of hard work and commitment. She is a perfect example of what anyone is capable of if time, effort and passion are applied to a chosen endeavour. Anything is possible provided one is prepared to learn, commit and sacrifice, and that is a lesson that applies especially to traders.
How many of you jumped ship during those five, hard weeks of recent drawdown? How many felt the heat was too much and decided to beat a hasty retreat from the markets? If this was you, don’t hang your head in shame – trading isn’t for everyone. It takes an extraordinary amount of courage and discipline to endure weeks of watching a trading account diminish, and for most people, it’s not an experience that makes for an easy life. However, for those who managed to stick to their plan, who had faith in their system, and who were prepared to risk losing in the short-term in order to give themselves the best possible chance of winning the long game, congratulations – the strategy paid off. ROBOS is once again tracking north.
Catch you next week….
Check out my fully verified 1% risk account at myfxbook.com, and screenshots of all trades from last week below.
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