I’ll be doing weekly profit updates on this from now on to save time but I have some important info regarding the service today.
I asked Adam yesterday how he felt he had done so far and if he could give a brief overview of what he has to offer.
This was his reply:
Since becoming a full-time trader, I can count on one hand the amount of losing months I have had. These have been more than offset by the winning months where I average 600 points. This has predominately been trading the major indices only – FTSE, DAX, CAC, Eurostoxx and Nasdaq. Around a year ago I began trading currencies alongside the indices and this too has proven to be very profitable – averaging 520 pips per month since January (I didn’t trade March or July as I was on holiday.)
This affords me many luxuries such as a beautiful home, a Mercedes SLK and exciting holidays. It is the kind of lifestyle people dream about, and if it wasn’t for my partner being so close to her family I’m sure we would be living abroad.
This past month since starting the trial on Cash Master I have had the second worst month ever – my first month being worse. It has been such a disaster of a month I have taken the decision to stop trading the indices for a short period until they settle down a little.
If you have read the blog over the past month you will understand the reasons why the markets are currently crazy. The main reason being monetary policy by the US Federal Bank and the European Central Bank manipulating markets with QE, ABS and bond purchasing. Depending on your style of trading this market behaviour may be a blessing, but due to me wanting to catch 30 point moves in both long and short directions throughout the day it has been a disaster. Indices have been moving 50 points in a matter of minutes which is far too quick for a scalper like myself.
The only positive to take out of the situation – I know my limits and have taken myself out of a potentially dangerous environment, preferring to save capital until the conditions favour my style again.
I am currently trading longer term currency positions – where I will hold for a number of hours to a number of days. Both the stops and targets are larger than the 30 points or so I scalp via the indices, which gives us breathing room around news announcements. It has not been uncommon for me to read between the lines on news announcements and make thousands in a matter of minutes, as I’m sure Graham will testify.
The US Federal Bank is making it’s final QE purchase this week and we have a FOMC meeting which will lay the foundation for either more QE or a final end. They will also give guidance on interest rate hikes, which hopefully, when all factored in by the end of the week, will give the indices a little more stability over the coming weeks – meaning a return to profitable trading.
I will be giving a generous guarantee to anyone who subscribes to the service – If I can’t make 250 points in a single month then you will get a full refund on the month.
Graham will personally hold the funds to ensure that this is upheld.
I can offer this for two reasons:
1. The subscription service is not my main source of income – trading is. As I explained to Graham, my accountant suggested I start a subscription service and pay tax on any profits to limit any tax due on my trading profits.
2. I average 600+ points a month so making 250 points is easily achievable.
I will be limiting the number of subscribers to 35 as all trades are sent via text message and I want to ensure no delay for any member. I don’t know the maximum number of texts a mobile can send successfully and I would rather not find out through members missing trades.
I know this months trial has been shocking, and you are probably wondering why you should sign up on Friday.
If I don’t make 250 points you will receive a refund. If I make more than 250 points and you decide to copy my trades with real money, then you will easily cover the subscription cost the next month trading at just £1 per pip.
The subscription page will go live at 10am on Friday for anyone that does wish to try this out. It will be taken down if and when 35 spots are filled or by midnight on Friday. I will release details by e-mail and on the blog in due course.