Weekly Trading Update – Week Ending 16th February
Another week wrapped up, and it’s been a solid performance in the markets. My trading account is now up 19.49% since opening on 21st January, and for the month of February, it has gained 3.19%.
Trading Strategy Shift
If you’ve been following my trades, you’ll notice a shift in my strategy. I have transitioned from shorting EUR/USD to taking a long position on AUD/CHF. For now, my primary focus remains on this long trade as I see promising momentum in this pair.
Account Transition
A key update on my trading setup – I have begun moving funds from my old account to my new trading account. The plan is to gradually transition completely to the new account, which will be my main trading hub going forward.
On my old account, I had a swing trade in AUD/CHF (long position), which I recently closed with a profit. This resulted in a 0.37% increase for February. I am not opening any new trades on the old account but will continue managing the existing swing trades until they are closed.
Both my old and new trading accounts are real accounts, not demo accounts.
Final Thoughts
It’s been a productive week, and I look forward to seeing how the market unfolds in the coming days. I appreciate everyone following along on this journey and hope you’re having a profitable trading month as well.
The trading account can be verified here.
Wishing you a great trading weekend ahead!
Happy trading!
Disclaimer:
Trading in stocks, currencies, CFDs (Contracts for Difference), Forex, spread betting, futures, cryptocurrencies, and related financial instruments (“Trading”) involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results, and you should be aware that trading can result in substantial losses. It is essential to carefully evaluate your financial circumstances and, if necessary, consult a qualified financial advisor to determine whether trading aligns with your financial goals and risk tolerance.
Be aware that certain trading strategies, such as contingent orders (e.g., “stop-loss” or “stop-limit” orders), do not guarantee limited losses. Market conditions may render these strategies ineffective, potentially leading to losses that exceed intended limits. We also emphasize the risks and opportunities associated with leverage in trading. While leverage can amplify gains, it can equally magnify losses, resulting in significant financial impact.
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