I had mentioned before that my exit point was 5500 on my FTSE shorts. Today the moment arrived and whilst the overwhelming desire to leave the positions open fuelled by greed was tempting and I did hesitate, I decided to try and stick to my plan this time.

The positions have been open for two months now and have netted me the tidy sum of 2700 Euro. I could have left part of the position open but my strong belief in a short term rally left me uneasy about the positions. My intermediate outlook is for a return above 5670 followed by a decline to 5300. At these levels I’m a bit sceptical about jumping back in but a FTSE JAN option for 3 Euro may be a gentle ease in.

So with an increase of 48% including any losses I’m mighty chuffed with my trades. If I can keep up the logical unemotional approach I could end my first year of trading quite happy.