£270 profit so far…..£53 profit banked.

The end of this week has provided me with some rather encouraging results. Since I have started my new system I have achieved over £270 in equity profit of which £53 has been banked after the close of my EUR/GBP SHORT position. A quick summary of my portfolio’s movements over the last few days.   […]

A change of plan

I’ve made some large changes this week to my strategy after spending 2-3 months backtesting different rules over historical data and i’ve settled with using a simple 6/21 day moving average crossover along with the donchian channel breakout system. Very similar to the famous turtle traders strategies but a little more short term trend following. […]

Looking at diversification

I’ve talked about diversity in my trades before, on one of my old blogs, but it’s still something i’m very concious of. I’ve recently closed a few of my trades off. The result of gaining experience on picking better trends to follow and realising that my first few picks , whilst still held after several […]

How I pick my trades

Anyone who has been following me over the last year or so will know I’m a keen follower of Vince Stanzione’s methods of trading trends. I’ve made some mistakes along the way, but learnt from them, and going forward I think i’ve turned a corner in how I pick my trades. One of my most […]

Reflecting on bad trades

This weekend i’ve been reflecting on previous bad trades and two main patterns have arisen as a result. Pattern#1 – Bad stock choices I’ve not stuck to the rules on all 19 of my chosen trades so far. I should be picking trending trades and jumping on them with wide stops so I can follow […]

Stock Picks Never Work

I had always planned to post main updates about my overall strategy on a Friday. End of the market week and all that. Everything closes for the weekend and it’s a good time to reflect for an end of day trader. However, today (a Wednesday for all those saturated in Olympic fever they’ve since forgotten […]