September 2023 Net Returns

Please find attached the net return for September 2023 for standard and higher risk strategies.

Many of our strategies traded very little for the first 3 week of the month as the market liquidity was low and as a result there was very little movement in the market.  This could be contributed to lack of financial news so the markets were in a hold pattern.

However, the last week of the month, the market looks like it has tried to catch up for the lack of trade with very large movements.

We currently carrying some higher than we like with drawdowns on some of our strategies.  Further we decided to turn off the higher risk strategies for Coral Bay and Red Centre for a couple of days as they were rising to 30% draw down and as such, we did not want any further trades to be opened.  We regularly monitor the strategies that carry higher drawdowns to wait to see what the market does.  Coral Bay HR is back within our risk parameters but Red Centre HR is still being monitored.

Due to the lack of trading for the month and carrying open trades the returns for September are low.

As always, we take the long-term view and the strategies have traded with what the market presented us.  Any queries, please do not hesitate to reach out to us.

Note we are still looking into updating our website to include the higher risk strategies.  However other items have taken priority.

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Disclaimer: While all reasonable care has been taken in the preparation of this information, Brindabella Capital take no responsibility for any actions taken based on information contained herein or for any errors or omissions. Interested parties should seek independent advice prior to acting on any information presented.

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Trading on forex markets carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading on forex markets may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.