Trade of the Week & Trade of the Day Tally
As we have completed the first month of our Trade of the Week & Trade of the Day calls, for the sake of consistency and transparency, we want to take a check on how the trades have performed. As it isn't possible to give real time trade management updates, we have posted the max profit for trades, stops outs and no fills as a guide to how the trades have or are performing.
The takeaway here, is that on the whole the Trade of The Day & Trade of the Week have demonstrated solid profitability, with 15 trades, two losses, five no fills and eight profitable positions, with the potential to have captured 1330pips+ over the last four weeks depending on how you decided to manage the positions. We will continue to update performance on a monthly basis so you can track trade development.
| Trade of the Week | BUY/SELL | Currency Pair | Profit/Loss (pips) |
| Sell | USDCAD | No Fill | |
| Buy | NZDUSD | 100 | |
| Buy | EURUSD | 177 | |
| Sell | GBPJPY | 330 | |
| TOTAL | 407 | ||
| Trade of the Day | BUY/SELL | Currency Pair | Profit/Loss (pips) |
| Buy | GBPNZD | 400 | |
| Buy | USDJPY | 132 | |
| Sell | EURUSD | No Fill | |
| Buy | CADJPY | 159 | |
| Buy | USDCHF | 50 | |
| Buy | EURUSD | 179 | |
| Buy | EURJPY | No Fill | |
| Buy | CADJPY | 50 | |
| Buy | USDCHF | 86 | |
| Buy | AUDUSD | No Fill | |
| Sell | EURNZD | No Fill | |
| TOTAL | 956 |
Please note that this material is provided for informational purposes only and should not be considered as investment advice. The views discussed in the above article are those of our analysts and are not shared by Tickmill. Trading in the financial markets is very risky.
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.
Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!