Facts & Figures

2009 result   + 7960 points
January 2010   + 360 points
February 2010:   + 674 points
     
March 2010:   + 486 points
April 2010:   - 123 points

May 2010:  + 331 points

     
July 2010: +392 points

Aug 2010:  ROOM CLOSED

     

Friday 30th July 2010 - Message to clients:

We are wrapping up our trading now, and will commence our yearly holiday break. We will be back on the 6th September, Labour Day, for a warm-up session, before we start on the 7th September for real.

There will be an increase of our subscription rate of about £10 a month. No one will be charged for the month of August, and anyone on an automatic subscription will have their funds refunded when we return.

Our next two-day workshop is on the 30th September. Since we started our portfolio on the 16th Jan 2010, we have increased our portfolio by 31.6%.

If you have any questions, please contact us via the Contact page.

On behalf of the team on WhichWaytoday we thank you for your faith in us, and we look forward to trading with you from September onwards. Have a great summer break.

Tom & David

 

August 2010 - CLOSED

Start Value 16th Jan 2010:   £25,000 Current Value 6th 2010:   £32,904.38 Year to date: + 31.60%
Risk: 1.5% per trade Swing Trades = £441.20/120=£4.11 a point Index/ Day Trades = £441.20/50 = £9.87

All trades below have been shown in their original point status with the monetary gain/loss next to it. At the end of the tally we have added the profit/loss up and divided it with the stake size for the Swing Trade to give the TOTAL current point count for the month.

September 2010 day-by-day PIP COUNT

1st July   12th July 23rd July  
2nd July   13th July Week 4 total  
Week 1 total   14th July 26th July  
5th July   15th July 27th July  
6th July   16th July 28th July  
7th July   Week 3 total 29th July  
8th July   19th July 30th July  
9th July   20th July Week 5 total  
Week 2 total   21st July    
  22nd July TOTAL JULY  
Date ASSET

RESULT

PROFIT/LOSS

In £

MODEL PORTFOLIO % gain/loss since 16th Jan 2010

Announcement 22nd June 2010:

Calculating the pips made during the trading day may seem straight forward, but the reality is different. A trader who makes 5 pips on a million dollar position ($100 a pip risk) has a very different risk profile to the trader who makes 10 pips on a $100k position($10 a pip risk). Seemingly the trader who made 10 pips is better off than the person who made 5 pips.

At WhichWayToday we trade a model portfolio. The portfolio started on the 16th January 2010 with £25k in the pot. We decided that we wanted to trade our positions with a risk of 1.5% per trade. We also decided that on our swing positions we would have a stop loss of 120 points. Our intra-day positions would also be traded with a 1.5% risk, but the stop loss would be 50 points.

The reason we have done this is so our clients can see how much monetary risk the portfolio is subjected to during the month, and it enable us to track our performance. However, it also presents a problem. When we trade a Forex position, say Euro $, we will risk 1.5% of the portfolio with a 120 point stop. If the portfolio is £25k, it means we are risking £3.125 per pip (£25k*1.5%/120 = £3.125). If we make 30 points on a Euro $ position we will have made £93.75.

However, if we take a position intra-day in for example the FTSE 100, the risk is still 1.5% but the stop-loss is 50 points. Hence the stake size per point is £7.50(£25k*1.5%/50 = £7.50). If we make 15 points on a FTSE trade, it may seem we have made much less than we did when we made 30 points on the Euro $ trade. The reality is that the Euro $ trade made £93.75 and the FTSE trade made £112.50. So although we made half the points on the FTSE than we did on the Euro $, we made more money on the FTSE trade.

This has confused many subscribers and potential subscribers. Therefore we are publishing our "point count" as if they were swing trades. Hence if take the example of the FTSE trade above, it made 15 pips on the actual trade, but converting it into swing trading format, it made 36 pips.

Why are we doing this? First of all we want to have a uniform measure which enable us to chart our progress through the weeks and months. Secondly we don't wish to undersell ourselves. We have exceptionally low drawdowns during the trading month (the highest drawdown from peak to through has been less than 5%). We believe that in terms of risk to reward, we are amongst the best in the world. We may not swing for 100% years, but we believe in steady growth of our capital. As of the middle of June 2010 we are up almost 20% in 6 months. We trade ourselves and trade significantly bigger stakes than the ones described in the model portfolio. The model portfolio is for your benefit. It allows you to see what we are doing in the room.