Friday, February 5, 2010

I always seem to begin with apologies but I know a lot of you have been waiting to make a decision on this so once again let me apologise for the mass update rather than daily which would have been far better.

Last update took us to 15th Jan, so I will bring us up to date and offer a final conclusion on the strategy:

18th Jan +20 pips, cannot match with official results as Nick was off with flu

19th Jan – 20 pips, Nick got this one back but I didn’t have the time to try as I believe he traded around 9pm which is beyond what I have been testing

20th Jan – I went out so missed any trading opportunities, but official results + 20 pips

21st Jan – 20 pips, matching exactly Nick’s results, so result!!

22nd – getting into this another 20 pips banked

25th – Apparently a lot of the strategy followers steered clear tonight due to the behaviour of the S&P, I was not one of these and did trade, I came out with a small 5 pip loss, but from the screen shots sent if I’d have seen the trade out we would have realised the 20 pip profit. As an added note to this and as I keep saying this is a strategy you will need to learn it is not a set and forget option so just bear that in mind

26th Caught a downward trend for a quick 20 pips, Nick had two successes but I like to just make my 20 a day and then forget it

27th No trades due to a US announcement

28th bad day – 20 pips, Nick actually had 3 losing trades and one winner at 50 pips so official results are break even but you would have spent most of the evening recovering losses, I personally think there are enough winners here to just take one trade a day, you WILL still make a decent profit

29th 3 winning trades but I was happy with my 1st a 20 pip profit

136 pips profit for the month at £10 pip thats £1360.00

February

1st – - 20 pips, for those who do more than 1 trade then the opportunity did arise to make the loss back

2nd + 20 pips and last night’s loss recovered

3rd + 20 pips and in profit for the month

4th Waiting til just before 8pm and downward trend spotted with an easy 20 pips, Nick’s results suggest two prior to that that I missed.

So that brings us nicely up to date and to the end of the trail. I will be suggesting to Graham that we move this to the recommended pile. A word of caution however, please do not think you can pick this up over night and make instant profits, it will take a a few weeks to get your head around it and then a few more before you stop referring to the manual. I strongly recommend paper trading until you are comfortable with the system. But once you are you will be very happy, from my results, I would suggest you can make a £1000 a month without too much of a problem. Nevertheless a good trial and I will be adding to my portfolio.

You can get Markets Mastered (Trade With A Day Job) here:

http://www.cash-master.com/marketsmastered.php

Filed under Spread Betting by Jonathan Wakefield