Seemed like it was only days ago when I posted the January income report, and now we’re on the last day of February! Time flies like crazy, which is why it is the single most valuable currency we can have, and that we should try to claw as much as we can, because unlike money, we can’t earn more time.
For the most part, I have to say it’s been a good month. It started off with a small loss, but quickly made up for it with Tesla and Twitter netting me more than $500 each for the month!
Again, as i’m still stealthily working on some other projects, my income for the month is 100% coming from trading CFDs during the night/US day. Total for the month of February 2019 is S$2,786! This represented a 3% increase month on month! So, without further ado, let’s dig into the details.
In the month of February, I made 8 trades, 6 fewer than in January, while trying to increase my profits per trade. This meant potentially holding my trades for a bit longer in a bid to leverage on a bull trend to reap more profits.
I’m still trying to experiment on the types and duration of the trade and refine my strategies, so I’m really happy that even with fewer trades made, I managed to increase the size of each profit.
Here’s a quick snapshot year to date. And below that, returns by stock, which will provide an interesting snapshot into my trading tendencies.
Interesting to note that Facebook and Tesla account for ~70% of my trades and profit, but not really too much of a surprise given how volatile they have been.
Well, onward and upward and looking forward to March!
Hi, Can i know how much did you put in the account to start your CFD trading journey? Coz as a beginner am unsure of the ideal amount to start off with.
Hey Raam, for a beginner, I would recommend between 3k – 5k to start with. Do remember this is a leveraged product, so you’re trading with margin.