The first half of April was very calm. The second half was full of events that made the markets move well. Tensions around Korea, the first round of elections in France, the expectation of the publication of a new tax policy by Donald Trump. This allowed us to increase the balance by 17.90%. Total income for five months was 590%.
Drawdown this month reached 32.58%. The size of the drawdown is not critical, but loss management is the backbone of the strategy “Two Pyramids”. In the future, we will try not to allow such a size drawdown.
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