Friday, December 30, 2011

Correlation was on vacation today

With the hindsight, it wasn't that much of a good idea to use spread trades exclusively today as the markets were anything but correlated. Maybe because today was the last trading day of the year. Or maybe because of some window dressing activities. Or both. Go figure. Anyway, the only trade that made me a profit was the long Dollar Index/short T-notes spread netting me a little bit more than $825. The other 2 spread trades I made were net losers. The long e-mini S&P/short euro spread lost me $740 which is not that bad compared to the long crude/short gold spread which buried me by approximately $2425. Net result for today -$2339 trading 2 contracts (commissions included). Details below. Consolation: I ended the month of December with a surplus of +$6573 in my trading account. I will work hard to do better than that in January. Thanks for all your comments and Happy New Year 2012 to all!


2 comments:

  1. Are you trading only two contracts total? Or only two per future? Just wondering. Thxanks.

    ReplyDelete