Paper Trading Day 22 of 90

Saturday morning, not very motivated to rise early but must learn good habits if we want to be successful at trading. I can sleep in tomorrow. Today marks the end of my first month of paper trading Forex and Commodities using Aussie Robs Lifestyle Trader software. If you Like what you see then you can email the sales department at sales@lifestyletrader.com.au and tell them that you have been following my blog, they might even give me a commission. or you could telephone them on 061 07 5630 2048. and you dont have to be in Australia to use this software, as we are trading on the US market we can trade from anywhere.

FOREX:

No suprises today, closed off five trades taking two profits and three loses of the table. The profits more than made up for the loses. Newly opened trades all closed in the right direction. ARLT signaled an long entry on Australian Dollar / US Dollar (good news for us aussies if it continues back up to were it was 12 months ago) and a long entry on EURO / Japanese Yen.

All open trades are in the green with a total profit of $4,328.05. Closed trades now stand at $342.50 -. A total profit $3985.55 or 10.77% on my initial opening account.

COMMODITIES:

A change in direction of Soybean Oil, Soybean Meal and Soybeans has meant a small drop in profits from 30.24% yesterday to 29.21%. All three of these commodites received an exit signal from ARLT and a Long entry signal for Soybean Meal and Soybeans. There was also and exit signal on my Short trade on Corn with a Long entry signal to go with it.

I thought I liked coffee before but now I love it, I entered a short trade on coffee on 14/8/09 (my birthday) The margin for this trade is $4,200, profits so far are $3,918.75 thats a 93.3% increase in one week.

So for my first month of paper trading, profits on open trades stands at $9,684.75 and closed trades are the same as yesterday at $4,333.75. A total of $14,018.50 or 29.21% on my initial account of $48,000.

Both accounts together have gained a total of $18,004.05 from a combined trading account of $85,000, thats an increase of 21.18% in one month. I dont know about you but I think I could handle $18,000 per month for just an hours work a day 5 days a week.