Monthly Trading Recap – July 2021

The month of July was surprisingly a good trading month with the trading volume and liquidity going down as expected during the summer. This was pronounced in the last 10 trading days of the month.

What can we do about this?

Nothing, we only can adjust our trading strategy and we do this by being more carefull. Most of the time we will have a sideways market in place so if we open our trading platform and see a sideways market with low volume, we will mark the high and low of the market and wait for the market to break the area and see if we can do something. This will mean that some days will be just sitting on your hands doing noting. Today was a great example with the market being in a trend from the beginning of the trading day so it was save to trade, beginning with a loss but eventually getting all of the losses back and even ending the day up by almost $600.

During last weeks market behavior, we only took 2 trades, are you ready to sit in front of your monitors to only take 2 trading setups?

I will be happy with that taking into account the minimum wage here in Portugal of 740€ (Yes I live in Portugal). By just doing that I took home more than 3K in profit for the trading month of July and have enough time to take care of my kids and spend more time with my family.

Now lets take a look at the performance of the month of July. We only took a total of 17 trades for the month and this is where you can see what trading the summer months means but we maneged to take a total profit of $3240 and get a return of 4.64%.

July 2021:

2021 SO FAR:

Net profit $19070

Total Return: 32.23%

I continue to post the live day trading videos on my Youtube Channel where you can find more live trades from the last 5 years, all taken live in our Live Trading Room.

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Trade safe,

Alexander Soares


Also published on Medium.