Archive for the 'Uncategorized' Category

This was too perfect picture to not post about – the macd cross at 12:30, the stochastics at 12:35, and that was the sell signal. Lead to 4 pt profit!

For the fastest way to save some cash every month – turn over every one of your credit cards, dial the customer support number. Answer all their questions – but follow the online menu to talk to someone. Ask them to lower your interest rate – when they offer you a pidley 10.99% (Prime + 3.99%) ask for the "manager" sometimes refered to as a "specialist" and demand politely request a lower rate, stating that this card is your highest rate, and that you would transfer your balance elsewhere. Press them for their lowest long term rate – then here is the trick. Ask for a promotional short term rate – often 2.99% for six months. We just did this on all of our cards, and two of them offered the short term rate, and one offered a very low balance transfer rate of 1.9%, so I am transferring the balance from one card to another to keep the rates low.

So call your card companies and push down your rates – easiest $150/month I have ever made!

So this post is a month late, but I think it is important to have something to compare myself to before I calculate August’s totals. This was my first month of trading, and as such I did a lot of experimenting. My undoing was that I was trading too many contracts per trade. I was entering with a minimum of two and often three contracts each time. This was my first chance to begin to get a “feel” for the market.

I averaged a daily loss of $85.50 over ten days of trading, trading an average of 45 contracts per day. This will certainly have to turn green before I consider trading real money, but it was a valuable learning experience.

This chart shows my day by day performance, I was profitable for my last two days, which finally began to dig me out of my hole. These charts are net of fees, next I will show the gross to demonstrate the problem of fees.

Here we can see that I was on a healthy clip to breaking even for the month. In fact, had I done the exact opposite of every trade I did, I would be positive! Clearly my overtrading skewed this graph in my net, as you can see days with high contract counts were made that much worst.

Here we can see a light correlation between the number of contracts and the net profit per day,  -0.58732 to be precise. This just emphasizes that I need to be more careful with my bet sizing, as it is costing me heavily.

Next Month I will work heavily on controlling my bet sizing – we will see how I did in my next post.