2 Weeks - Looking Good
Posted on January 30th, 2010 by admin
We’ve completed the first 2 weeks of live trading in the new Ascend FX Gold managed account. Actually, it has not been a FULL 2 weeks because a couple of days our Trade Manager (TM) was ill and did not trade. TM is being very cautious so far because he is trying to adapt his trading style to a less-aggressive, “Managed Account”-style, which looks to achieve above average returns with a low draw-down or low risk. The majority of our clients prefer low draw-downs to ridiculously high returns.
So, after 2 weeks the Gold account is up 15% and has 24 winning trades to 1 loser. For the Gold Managed Account the goal is a 20% per month return, but early on it might be higher or lower while TM makes adjustments. But, TM believes a 20% per month target will keep the draw-down to generally acceptable levels. And, since the Ascend FX Gold Performance Account has only $2,000 in it, fine-tuning is a little less precise.
Please keep checking the website for daily updates to the account stats. If you have any questions, please do not hesitate to send me an email.
Filed under Gold Account |