Wednesday, September 16, 2009

In My First Month Trading I Turned a Starting Stake of $360 into $19,800...

Since then my performance has continued at a more realistic level and despite losing the odd trade every month I continue to return a very reasonable profit.

However, my overall success stands at over 90% winning rate, I'm not aware of any other trading strategy which can maintain this level of success.

Making money isn’t clever. It’s just the leverage making your money work harder for you. I’m sure the big institutions don’t want people to make money!

I'm frugal and just hate to lose money! I live modestly, have never flown in an airplane. Cooking is my hobby and I love to create my own curries and stews.

I have identified a set of parameters that win a high percentage of the time allowing me to trade just once a day for around sixty minutes . Being a bit of a night owl, I sometimes stay up to trade the Nikkei index but am happiest trading the Dow Jones online.

Whereas many people concentrate on trying to make a big win, I'm is satisfied with any kind of profit at all.

Traditional systems are perhaps right just over 50% of the time, they need to cut losses and let profits run to be successful.

However, I favor systems that are often right 80% or more of the time
, by allowing more latitude for the market to go wrong before it reverts to my benefit.

I'm happy to make a good living trading, rather than looking to be the big trader who makes the $million deals.

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