Tuesday, July 20, 2010

Last week's trades

Hey everyone,
Last week we spent a night at the Homestead in Midway. In the morning I turned on the TV for Liam and as soon as we found a cartoon he said, "Dad, start it over." We have had a DVR his whole life and he has never really watched live television. A few minutes later he came over to where I was sitting and said, "Dad, I can't find the pause button on the remote. Can you pause the movie so I can go potty?" I guess we are both pretty spoiled by our DVR.

I have attached a list of all of the trades that I made last week. A few of them were also on the last email. My net profit for the trades opened between Sunday, 7/11, and Thursday, 7/15, was $904. My account is now up 92% in four weeks of trading. Not too shabby for a couple of hours a day at most. I didn't make any trades on Friday because I was impatient on Thursday and got into a bad short that just closed at 5:45 this morning. I made the mistake of thinking that I knew better than my indicators and I ended up picking the bottom for the day with my short position. Fortunately the indicators also showed me that the probability was very high that the price would dip back to my exit in the near future and it did just that this morning. Even with swap fees my bad trade turned into a net gain of $170.92 with a little patience. If you have some money to trade this program is worth checking out. A few people have shown interest in starting a trading pit with me but I think it is a case of the more the merrier. If you are interested in joining our group drop me a line. Until next time.

Ben


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