Income Report – January 2019

I can’t believe we’re into February of 2019 before I managed to put out my first post of 2019!

But, outside of this being my first post of 2019, it’s also something new to the blog, an income report! As I’d mentioned previously, I will start documenting my monthly income from side hustles, starting in 2019.

What have I been busy with in January? Mainly my day job, but also some daytrading on the US equities market using CFDs (Contracts for Difference). What are CFDs? Glad you asked.

So… how did I do in January?

Well, for CFDs in particular, I was projecting an average income of $1,000 per month, taking into account some ups and downs. Based on that, I was projecting $12,000 for the year. So, considering the actual vs projected, January was really good at $2,697!

Now let’s dig into the details.

So, in January, I closed a total of 14 trades over the month, and made a total of $2,697. Out of the 14 trades, one was in the red while the rest were profitable.

All in all, I’m really pleased with the way my January trades panned out. You’ll also notice that most of my trades were done in the first half of Jan, as I got caught up in work and was too exhausted to really concentrate on trading after work. (I trade US equities while living in Singapore, so in between time with the family, putting the kids to bed, night calls with HQ etc… it’s a really tough act to balance)

February’s a short month, plus the Lunar New Year festivities! On the other hand, Feb also brings a lot of earnings reports for Q4 2018, so we’ll see how that goes!