OK I am a bit late summarising, but it’s been a busy start to May. April was a surprise for me as it turned out to be my fifth best month ever and I pulled in a very high strike rate, which was unexpected. So far this year I am running at double my total of a couple of years ago, there are many reasons for this. However, on a like for like basis, I think I had the wind behind my sails and a number of markets suiting my style last month.<\/p>\n
Some was slightly fortuitous as well. I’ll often take speculative positions in a market to benefit from long term inefficiencies. This involves throwing away small amounts of profit and getting the occasional big win. I had one of those big wins last month. The opposite is expected to happen as well, but both balance each other out over time to produce a net profit. Last month my negatives were substantially smaller than the positives.<\/p>\n
I’m looking forward to May and, pending today, have a decent week behind me for starters. I think this is a pleasing year so far as the markets seem pretty stagnant to be honest, so an improving P&L has to be viewed favourably. Let’s hope it can continue for May. I am currently experimenting with hoards of new ideas, so I am hopeful some of those will make it out of the woods for later in year.<\/p>\n
Good luck for what looks to be a busy May!<\/p>\n