Archive for April, 2010
The Sunday Times will release their Rich List tomorrow and they have a section for the richest hedge fund managers for 2010. Top of the list is American hedge fund manager Louis Moore Bacon who founded Moore Capital Management... he's worth £1.1 billion and his wealth had gone up 69% this year so far!! WOW!
This list of the top 10 Hedgies is here:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7621927/Sunday-Times-Rich-List-2010-the-10-richest-hedge-fund-managers.html
April 24, 2010
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I followed the rules to a tee today.. however, I'd realised that I am supposed to set the range between the highest and lowest values between 4am and 7am UK time. I'd been waking up at 6.20 am every day and putting the range between 4am and 6.30am. It probably doesn't make much different unless the market moves significantly..
The markets broke above my level.. however they plummetted and took me out for almost a 50 pip loss... not a good trading day (despite following the rules today).. oh w
April 22, 2010
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I was a bit unsure as to what the markets were doing today looking at the moving average which was pretty flat. However, our trade doesn't really matter... I am just trading the breakout past 7am.
So, todays orders were placed at 1.5392 for a long and a short at 1.5331.. if either hit, a target of 30 pips and a stop at the end the other channel which was a 60 pip stop loss. I have gone back to trading just one lot now since I was using another broker for the 60 pip trailing stop which has cau
April 21, 2010
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