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Archive for 03/03/2009

Update on LS Trader

Having not had time to read the information provided by LS Trader i hadnt intended to begin trading LS Trader until next Monday. Couldnt wait to get started though, so entered the 5 trades which fell within my portfolio size.

All took around 20 minutes to get sorted on Monday morning after ringing IG Index to get all the commodities markets switched on. Theres also an interesting trick provided by LS Trader to get round the minimum bet size on IG which obviously reduces your liability and allows you to enter more trades.  Useful to know about for other services/systems.

You get a very impressive email from Robert of LS Trader each Sunday night which summarises the previous week and outlines his thoughts of where the markets are going for following week.

Anyway I checked my account Monday afternoon & it was £400 in credit! The thing about LS Trader is that you dont need to (and shouldnt) check your account otherwise you’re likely to make emotional decisions  -  which is exactly what i did. So I’m out of all the current trades and will start properly from Monday. Impressive ’start’ though.

24 pips for Wealthbuilder

Maximum profits and a nice early finish for Wealthbuilder today - these days come around more often than not which is why i think this strategy is an absolute gem. There will be losing days & maximum losing days as we’ve seen recently but i’m very confident this will, month on month, be a very profitable system.

New bank £611.60
New stake £1.32

18 Pip Loss for Wealthbuilder

2 losers &  a winner for the first trading day of March - no harm done & i’m sure we’ll be well in profit again by the month end.

The 2 currency markets eur/usd & usd/jpy fared much better with profits in the morning of  42 pips and 18 pips respectively, when applying the system rules.

New bank £579.92
New stake £1.32

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