Paper Trading Day 74 of 90

A friend of mine who I visited today told me about a seminar he had just been to about book writing as my friend has just finished writing a book. He told me about a gentleman that he met there who had written a book about how you can make one million dollars in eighty days trading forex starting with an account of just one thousand dollars and if you wait another forty days or so you can turn it into a billion dollars and in less than a year one trillion dollars. If this is so I wonder has the author tested this or is it just theory. Lifestyle Trader suggests that you paper trade for ninety days just to make sure you are comfortable that the system does work before you risk any money. I for one would rather see the proof from testing the system rather than chasing what looks to me to be a get rich quick scheme.

FOREX:

I closed two trades today:

• a short trade on US Dollar / Swiss Franc taking a lose of $152
• a short trade on Euro / Swiss Franc taking a lose of $128

no new trades and no open trades.

profit on closed trades is currently $15,892.40 an increase on my original account of 42.95%.

COMMODITIES:

No exits and no new entries signals today.

Current trades are:

 Commodity     Direction  Entry Price Current Price P/L
 Corn          Long       381.25      390           $437.5
 Oats          Long       260.5       257          -$175
 Soybean Meal  Long       303.4       306.4         $300
 Wheat         Long       515.5       515.6         $5
 Lean Hogs     Long       54.8        57.55         $1,100
 Coffee        Long       141.75      141.1        -$243.75

Profit on open trades is currently $1,423.75 and profit on closed trades is currently $14,735.50 a total of $16,159.25 an increase on my original account of 33.67%.