Final Paper Trading Post

This is my final post before going live. I havent been posting the last week because I have not entered any new trades because of the Thanksgiving holidays and I have exited my last trade on the 20th of Nov. These are the results I have obtained from using Lifestyle trader over 90 trading days.

I started with an account of $85,000 made up of what the margin would be if I had a trade on all forex, all grains, all livestock and all softs. I have ended with a total of $109,110.80. I made a profit on Commodities of $12,315.75 and a profit on Forex of $11,795.05 a total profit of $24,110.80 an increase of 28.36%.

I stress the fact that this was just on paper, NO REAL MONEY changed hands. I am now going to start trading live with an account of AUD$40,000 about USD$36,000, just short of enough to trade forex. However what I will be doing to start with is trading mini forex, grains and softs. The margin I require to do this is USD$29,000 for grains and softs and USD$7,266.44 for mini forex at total margin of USD$36,266.44. When my account is large enough to allow I will start trading full forex contracts.

I have a dose of the butterflies at the moment but if I stick to the rules I know that from the results I have received while paper trading that I will make money.

I would like to thank Aussie Rob and the team at Lifestyle Trader for the excellent training they have provide. I would also like to thank the people who have followed this blog and sent me comments. I will continue to use this blog as a trading diary and hopefully it will become a forum for traders to comment on and for others to see what the Lifestyle Trader software really can do with the right training and the right mentality.