Update..

Been awhile since I posted.

Given that the portfolio is heavily weighted to Japan, it has been an incredible slow start to the year due to the events happening in Japan.

From the elections where Abe and his party returned to power, the "optimistic" view that he will bring about strong reforms to stop Japan's deflation has culminated in the portfolio being flat till currently. However the Month-to-month returns endured a torrid time with -15% in the first month, - 4% in the second month before a +15% in the third month.

The appointment of Haruhiko Kuroda also had an effect on Japan. Since last October 2012 till now, the Nikkei has gone up more than 50%. YTD for 2013 is close to 50%..

The portfolio YTD is only at 1.25% at 21st-May-2013.

However the portfolio is fully invested and I hope that profits can be realised in this month or the next.

Fingers crossed.

On the FX front, the model has proven to be still very volatile. More back-testing needs to be done.

Signing off ,
T

Dec-12 MTD result

December was a bumper month again with a +12.11% returns. Year end closed on a high. Activity was subdued since before Christmas Eve.

Added more money to trading portfolio.

Annualised return	67.89%
Annualised Standard Deviation	23.18%

Nov-12 MTD results

MTD P&L : +1.31%

Seems like I am falling pretty far off my target 200% returns a year.

However I have just started trading FX again and could take advantage of the leverage offered by brokers. Hopefully this creates a more diversified portfolio and smoother P&L especially by month ends.

Forex trades

I have stayed away for the past couple of months and started developing models again for Forex. It seems like I have found a model which works for certain currencies that are volatile enough to make profits. 

Been keeping this to myself and trading it in a separate account. Plan to trade for a couple of month and then introduce/raise money for this strategy. 2 week returns are at 9%

Month end effect

Today is month end again. Coupled with a Friday. Trades have gone against me for the past 3 days, accumulating to all my profits for the month.

Perhaps the strategy should incorporate cutting positions before month end and putting back on at month end.

Deluge of Trades

Year end coming, there are lots of signal from my models. However I am wary of year end and thus will be exercising caution towards this festive period.

October returns

Again, on close to month end, 1 day before and on the day itself, my P&L made a - 5% jump

Unbelievable.

Well it is middle of November now, and P&L have gone down again. Been holding to 3 positions close to 3 months now. Expecting profits soon or I will be out.