My trading statement in Jan’10

For the month of Jan’10, the return on this account was about 17%.  This time, I experimented having no explicit take-profit levels specified; positions were closed based on certain technical conditions signalling a possible reversal or a potential exhaustion of the trend. Such an exit rule serves the same function as trailing stops, so that we minimize losses when the market moves sideways, and allow profits to run when the trend is strong.

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