May 2014 : How are we travelling?

Once again we have had a month where markets remained flat.  In fact the XAO has fallen precisely 0.06% since I started this project at the beginning of March.  As one might expect Trend following systems don't really make a lot of money in that type of market

So perhaps we should abandon these systems and try something else?  The answer to that question is a resounding no!  This game is won by persistence.  Many of the systems described in Nick Radge's 'Unholy Grails' can take 3 years to be profitable depending on when you start trading them.  Most of them make fantastic returns over the long run but we will never get there if we flip systems whenever the going gets a little hard.