May 2010 Trading Review

By Paul | Published: June 4, 2010

May 6th was a historical day in the market.  The Dow tanked 9% in minutes but climbed back up near the end of the day.  We have since closed below that level later in the month.  The bears seem to have finally awoken.

I closed two trades in May totalling a decent gain of 10% in my RRSP trading account.  The first was shorting CVE.TO, which made me 10%.  The second was long TCK/B.TO, which ended in breakeven.  I took the second half of the month off for my wedding in Dominican Republic.

I opened two positions before leaving for vacation.  I shorted CM.TO and bought some HND.TO.  The market made a roller coaster run up and then down while I was away.  So I wasn’t able to cash in on the move.

As for my forex endeavour, I bombed the JForex contest this month.  I started well with a 60% gain in the first week but I got greedy and tried to go for higher.  My contest account (demo only, not real cash) whipsawed around breakeven a few times afterward.  Then I just gave up on this month’s contest.  I verified with the official that my startegy wouldn’t have qualified anyway because I was manually intervening too many times.

Nevertheless, I updated my automated trading strategy for June before going on vacation.  I will be back at it again competing in June.

But not until my wife and I can settle down in our new home first.  We are still unpacking, buying furnitures, and tidying up our new place as of this first weekend in June.

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Related posts:

  1. April 2010 Trading Review
  2. June and Second Quarter 2010 Trading Review
  3. March 2010 Trading Review
  4. February 2010 Trading Performance Review
  5. January 2010 Trading Performance Review
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