Holy crap you have balls of steel. Well done neke. I for one am rooting for you man. Keep it going. I know you are going to have up and down months ( and so do you I'm sure), but your ability to keep rising from the canvas is admirable.
In my experience - don't bother with the mentoring. If they are asking you for the "shortcuts" already most likely they are not prepared to put in the hard yards.
I speak from experience. 2 examples.
1) My brother - has seen me trade successfully over the years and started dabbling in forex...
About a 55% return for the year. A really wild ride though. Hit my low in June when I had a total drawdown of about 50% after some very bad/revenge trading in Copper futures. I was adamant that copper was going down hard and started shorting in May. Initial success got me more confident and I...
I guess the short answer is that it depends on your trading plan. For me my reasoning for placement of trailing stops and initial stops are the same. I believe that if a trade is going to move, then it should move quite quickly. So I use the 60 minute charts to place my stops under the most...
My thoughts would be that 10 days is a very short time to have experienced the full roller coaster ride that is the markets. However if you have a system that is profitable and you are keen to take up trading as a full time pursuit then I would say go for it. Open up a small account that you...
To me instability would mean a flight to the Japanese Yen. I still don't fully understand why this is so but the yen seems to be a refuge in times of uncertainty. Disclosure : long the yen March contract
Good luck neke. I always log in to read your results at the end of the week and I find myself always comparing your results with mine. I hope that you will achieve all your goals for 2011 and more.
Twelve month return of 83.38%. Best month was May 38.47%. Worst month was October -17.11%.
Good year but more to work on this year especially in reducing the drawdowns and not trying to hit a home run with every trade.