It's been quite a while since the last post, but as I said "I'll be back". Lot of things happened during the period I kept my project paused. I was not able to trade all the time because I was pretty busy and had to get a few private things done before I could move on, because as you know the psychological factor must not be underastimated when you aim for successfull trading results. I however did experiment with some new strategies the trial & error way and made some conclusions for my further trading path. I want to thank all of you guys wich sticked to the project even it was on hold for so long. I tried to answer all mails, and plan to inplement the answers to your questions as the requests and suggestions into the articles in order to improve the blog for you readers. For the first part I would like to write obout some points I find crutial for successfull trading, since many readers are obviously interested in this topic. For the second change, I would like to involve you more in the project by providing better statistics and the option to kind of mirrortrade my trades, in order to make this possible I have choosen a particular broker wich offers the fitting services. I will explain the details on this very soon, so keep updated by subsribing to the blog if you haven't already.
I will continue my trading with the amount of 379,72 $ wich is obviously 11 cents less then 379,83 $ (the balance at the moment i paused the projet) the reason is that I started the account with less money and traded it up to 379,72 $. I tried hard to get the exact ammount but as you know the volatility of these days is not a help in this matter. So after a few invane attempts to reach the axact ammount of 379,83 (the problem is that if the position goes to much positive I have failed too). I was tired of trying and decided that even as a perfectionist I can live with that number and I will simply add to my first daily profit target 11 cents in order to reach the ammount. I assume that some of you find this quite irrelvant but Im a details guy, so I found it hard to accept irregularities such as these. Actually ist ok because the amount does not exceed the former balance, so I did not made the project softer buy adding some cents extra. Btw with a daily gain rate of 2,5 % the 0,11 cents are after 322 days eventually worth 312,23 $ thanks to the effect of compound interest, so 11 cents are as a matter of fact not insignificant as they may seem.
Daily updates on the trading results will continue in a few days, so stay tuned.
I will continue my trading with the amount of 379,72 $ wich is obviously 11 cents less then 379,83 $ (the balance at the moment i paused the projet) the reason is that I started the account with less money and traded it up to 379,72 $. I tried hard to get the exact ammount but as you know the volatility of these days is not a help in this matter. So after a few invane attempts to reach the axact ammount of 379,83 (the problem is that if the position goes to much positive I have failed too). I was tired of trying and decided that even as a perfectionist I can live with that number and I will simply add to my first daily profit target 11 cents in order to reach the ammount. I assume that some of you find this quite irrelvant but Im a details guy, so I found it hard to accept irregularities such as these. Actually ist ok because the amount does not exceed the former balance, so I did not made the project softer buy adding some cents extra. Btw with a daily gain rate of 2,5 % the 0,11 cents are after 322 days eventually worth 312,23 $ thanks to the effect of compound interest, so 11 cents are as a matter of fact not insignificant as they may seem.
Daily updates on the trading results will continue in a few days, so stay tuned.
