Paper Trading Day 68 of 90

I now have the Trader Workstation software installed and running on my computer and I am now starting the sessions training in order to learn how to use it. Looks like a lot of fun and now I have to keep a more detailed diary of what I am doing. Part of this is creating a trading strategy which I have also posted on this blog.

Thanks for your comments Leon it is good to know that someone is getting some value out of reading my blog.

FOREX:

I closed one trade today a long trade on Australian Dollar / US Dollar taking a profit of $2,960.00.

Lifestyle Trader signaled exits for two trades today;

• a long trade on Euro / US Dollar
• a short trade on US Dollar / Swiss Franc

and an entry signal for a long trade on Euro / Swiss Franc

Current Trades are:

Curr Pair  Direction  Entry Price  Current Price  P/L
EUR/USD    Long       1.4717       1.4877         $1,600.00 (sell order pending)
USD/CHF    Short      1.0268       1.0181         $696.00   (buy order pending)
EUR/CHF    Long                                             (buy order pending)

Profit on open trades is currently $2,296.00 and profit on closed trades is currently $15,881.40 a total of $18,177.40 an increase on my original account of 49.13%

COMMODITIES:

I was stopped out of a long trade on corn today taking a lose of $480. Lifestyle Trader signalled exits for a long trade on cotton. The following two trades have gone in the wrong direction two days in a row;

• a long trade on Soybean Meal
• a long trade on Wheat

Current Trades are:

 Commodity     Direction  Entry Price  Current Price  P/L
 Soybean Meal  Long       305.0        294.8         -$1,020.00 (sell order pending)
 Wheat         Long       521.0        527.0          $300.00   (sell order pending)
 Cotton        Long        68.45        67.41        -$520      (sell order pending)

Profit on open trades is currently -$1,240 and profit on closed trades is currently $16,155.50 a total profit of $14,915.50 an increase on my original account of 31.07%.