Tuesday, July 7, 2009

Doing Great!

Got out of my Sterling trade a little early but still made a nice profit. I did a post a couple of weeks ago about Trader Outlook. It just so happened that when I started with them, they decided to go on a mini losing streak (like ALL traders do.) I also said that, based on Bob Iaccino's 4 hour strategy, this account would make a comeback...it was inevitable. The comeback has begun! Check out the chart at the bottom of the statement as well.

Trading is like being in a boxing ring. You're never going to get in there and not take a punch. That's how it works...but the object is to win the war, not the battle. They never have losing months, just days.

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My main Forex account is up about 72% since the beginning of January. I sold my Gold in the 960's and repurchased it at around 951 and it is in the new account at the bottom.

My intermediate Forex account,
which is up 20% since January (Zip file.)

My options and equity account, which are titled in my children's names, so I can only recreate the trades.

Here are the account particulars:
--My
Sprint trade (which I closed at around 13% profit)
--My
Zion Bank trade. (26% profit)
--The Gold puts purchased to protect my long term gold position have expired with a $3000 loss.
--The
Puts I bought (and sold) to protect my gold, the first time around. ($11,000 profit)
---My S+P puts which expired worthless with a loss of $3,100. I am considering buying them again. Obviously, I should have gone out to July or August.

AND Trader Outlook. Looked pretty ugly at first because of a trading mistake, but it has started to turn around as you can see.



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