Q1 - 2009 Results
The first quarter of the year proved to be very challenging for many traders and MarketClub as well. We have been tracking the same six markets for the pat seven quarters now. Although we have had tremendous success with our signals, this quarter we had four markets which presented profits, while two of them produced losses. Not ideal.. but real.
Click on read more to see our results chart and what's coming down the pike
Let's start with the two markets that gave us losses in Q1. The first was the crude oil market (NYMEX_CL) on which we have consistently made money for the past six quarters. This market produced our largest loss of the quarter. Gold (XAUUSDO) was also a market that fell in the red.
Now remember, we hypothetically trade these six markets with a margin of $50,000. These are all futures markets and should not correlate to any holdings in a stock portfolio.
In corn, wheat, soybeans and the Dollar Index, we were successful in making money. As we have said many times on this blog, it is important to be diversified and to trade markets that are non-correlated. While some would argue that the corn, wheat, and soybeans are closely correlated, I tend to disagree with that argument.
For the quarter, we lost approximately 5% on total margin of $50,000. On our total gain for the previous six quarters, our loss for the Q1 was less than 1%.
The cardinal rule in futures trading is to cut your losses and let your profits run. We have successfully achieved this using MarketClub's "Trade Triangle" technology. This concept of taking a large profit and small losses should not be lost on any budding trader. It is what you have to do in order to be successful. This approach has pushed this theoretical portfolio account up to $310,090.50 before commissions. This was achieved in full view of thousands of MarketClub members who have been tracking this portfolio since inception.
So whats ahead? Q2 looks to be off to a better start. While we are early into the quarter, I expect that we will regain all of our losses and move into the plus column for the year.
If you are already a MarketClub member, I strongly recommend that you follow these markets along with us. We have shown you how to trade and filter futures using our "Trade Triangle" technology. So you should be getting results very similar to ours.
Thanks for taking the time to review our numbers for Q1 of 2009. I'm sure we will be in the black next time as I have all the confidence in the world for the MarketClub system.
All the best,