Thursday, March 14, 2013

here's the plan.

so I made $225 today (after fees).  when i was talking to you last night, i was up about $200 total (at one point gold dropped extremely fast, almost made 1100 or so in maybe half an hour, but then it came the whole way back I didn't make anything...was already down -270 (and that was a mistake, should have only lost 190 or 210...double checked the numbers and missed one of the new features on the program, oh well)  so i took a 270 loss when i could have had about 500 when the price spiked.  no big deal.

i wake up every morning at 4am to make sure the computer and itnernet are on.

im gonna start waking up twice a night, which i was doing until this week. i'd like to do 3 and 5, might even wake up three times a night at 7 as well, takes me about 30 seconds to get the computer screen on my ipad, check the charts and any trades, and turn it back off to go back to bed.

    my computer shut off last monday, ely's shut off last night..luckily he already made $500 so it wasn't a big deal, and there were no trades the night i had the problem.  its worth it to me to make sure everything's fine...4 winning days in the past 5 trading days (would be 5 of 6 if that guy had posted numbers last friday).  a total of 2825 I believe. was down 765 ,

Im up 2095. in 3 weeks of trading.  that first week was the beginning phase of the program and while I made like 350, profits were higher but we'll scratch that week, and i dont remember exactly when all the losses were...believe they were the beginning of the following week.



so here's the plan.  Im getting 4000 back from the college stuff for taxes, probably within the next 4 weeks.  if you want to send me 3000 i can double up on the trades, two 2x more than what im doing now.    i need 20,000 in the account to do 4 contracts.  You need a buffer of a few thousand in case you lose a few trades to still have enough margin to continue with the same number of contracts.  i had a buffer of 4000 starting, wasn't down more than 800, to give an idea of the buffer size. 

my plan is to do both gold and oil, two contracts each, that way losses aren't double if I'm doing one market.  

i personally guarantee whatever amount you give me, is the least you'll get in return at any point in time.   in trading, there's always disclaimer's about risk and all.   the most critical feature of any trading plan is to minimize losses.  the program stops out at 25 ticks maximum, each tick is $10 per contract.   the strategy, though, will reverse its trade based on rules, usually taking less than a 25 tick loss.  wins are 50 ticks for the first contract and the profit target for the second contract (usually 50-170 ticks, and i personally have only seen one trade go for more than 150 in the past year.  sometimes profits are less than 50 ticks, which both contracts are exited for a gain at that target.) 

the way the system is designed, the 50 tick gain on the first contract mitigates all losses, then the second contract is the true profit maker.  sometimes you have multiple losses, so the second contract makes up for all of those plus a gain . very rarely you experience a profit target gain and still be down for the day because of many losses..once every few months it happens).

that's the basics. 

with 23-24000, we can do both gold and oil, so once I get this other tax return we'll be good to go.  it'll give more time to experience everything about the strategy too before you become part of it.   theres gonna be a losing day come up, just a matter of when and hwo much  had 3 losing days of $1000 total, and then next trading day made up for all those losses,   all about mitigating losses!










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