Updates and Commentary
2018 has had a messy start with a current equity drawdown of 16.5%. This has occurred within an environment of changing market dynamics and unpredictability. The result is that I am discontinuing my original SteadyCapture trading mandate and re-designing a new one with a different approach and stronger focus on risk management. The original worked quite well in a different kind of market for many years but as a trader I’m glad to have had my eyes opened to a broader view of trading and risk management over time and I feel very confident that my trading is going in the right direction. I also feel very good about my work over the last few years with new trade types that I believe will help yield more resilient results in the future. As a money manager I feel similar disappointments as many of the clients with the messy results for 2018 so far. It is certainly unfortunate and feels excessive but I’m confident that it is only temporary. I’m really looking forward to trading under the new mandate and seeing the positive results from it as I resume the climb into equity highs. The new “SteadyCapture 2.0” trading mandate will go live the week of May 14th 2018 when live trading resumes in the “SteadyCapture Live” master account.
May 2018 Update
The total annual return on an equity basis for 2017 was 21.18%. This compares to the S&P 500 which had just under a 20% return in it’s best year since 2013. It was a year with extended periods of low volatility in many markets with periodic short bursts of good action. It also proved to be a good type of year for maintaining low draw down while building returns methodically. With overall volatility levels becoming very subdued in many markets in 2017 I am looking for market action to show improved trading conditions over the next 12-24 months and remain optimistic that returns should be able to show some increased gains in 2018 and beyond.
The total annual return on an equity basis for 2016 was 15.82%. It’s been a year of steady growth and good trading conditions. It’s also been a year of increased volatility for those holding other asset classes over the medium and long term. I expect that theme to continue in 2017 which should be a good backdrop for more solid performance in short term forex trading. Thanks for following and I’m confident 2017 will bring plenty more gains for us all!
To mark the beginning of my 6th year in public fund management you can now invest in a SteadyCapture MAM Account at Think Huge Invesments. For five years we have enjoyed the ride of equity highs and I have every confidence of continuing that tradition into the future. Thanks to all those who followed along and here’s to the next five! – Sept.15 2016
September 2016 Update
Thanks for following and sending in your comments, they’re appreciated. This year is shaping up to be a good year for volatility and action, the kind of trading environment we do well in! It can also be a challenging market for investors in general, so stay safe and thanks for using our services and investing in the Forex Asset Class. – Feb.12 2016
February 2016 Update
It’s been a challenging year for investors as a recent CNBC article has shown – “2015 was the hardest year to make money in 78 years”! Virtually all the asset classes struggled this year including the currency managed hedge fund indexes – see article. By contrast this was a year that showed the value in our short term focus in the Forex markets. The total annual return for our live accounts in 2015 was 18.26%. It’s been a year of volatility and transitions but I would like to thank all my followers and clients for making it a successful year. I feel very positive about the future and am looking forward to a great 2016! – Jan.2nd 2016
Interesting news for US traders looking for a non-FIFO broker. Squared Financial recently informed me that they are now able to accept US based clients. For details or questions please contact them directly – ask for “Sanjay”. – Dec.3 2015
July 2015 has unfortunately been a negative month. I discuss it in more detail on the ForexSignals.com forums. I’m disappointed yes, but like always analyzing and gaining as much insight as possible. I apologize to those followers who have been affected and assure you that I have not lost any confidence in Forex as an asset class, trading or in returning to equity highs. Investments in any asset class have fluctuations and draw down at times and I am not immune as can be seen from my history. I will continue to publicly show my worst trades along with the best and work to grow capital. Losing months like this do not scare or intimidate me, instead they only serve to steel my resolve and I thank you for your interest and for driving me to be my best.
July 2015 Update
Welcome to SteadyCaptureFX.com! I’m happy to announce a partnership with ForexSignals.com along with the launch of new and improved services for my clients. As before, I remain committed to maintaining professional standards and a steadily growing equity curve and feel this re-organization will help with both. Thanks once again to all my followers and let’s capture some profits! – June 22nd 2015
My recent trade activity has mostly been intra-day scalping, which because of certain limitations is not a type of trading I do on this account (social trading). This was not by design but has simply been the best opportunities I’ve been seeing lately. Recently I’ve also been looking into ways to improve my services going forward and I’m investigating some of the available platform options which don’t require waiting a certain amount of time between entering trades like the current manual platform I use on this account. I will keep you updated and thanks for following. – May 28th 2015