Thursday, November 19, 2009

Paper Trading Day 85 of 90

Thanksgiving day looming and a sharp downturn in just about everything has prompted me to believe that there may be a good reason why Lifestyle Trader suggests that you exit all trades two days before a major US Holiday, So I will be exiting all open trades on monday 23rd Nov and I won't be entering any new trades before thanksgiving on the 25th Nov.

FOREX:

Three of my open trades have gone in the wrong direction 2 days in a row so I have exited them:
  • a short trade on US Dollar / Japanese Yen taking a lose of $301
  • a long trade on British Pound / US Dollar taking a lose of $1,090
  • a long trade on Australian Dollar / US Dollar taking a lose of $1,005

Current trades are:


Curr Pair Direction Entry Price Current Price P/L
EUR / GBP Short .8904 .8934 -$564


Profit on Open trades is currently -$564 and profit on closed trades is currently $12,800.85 a total of $12,236.85 an increase on my original account of 33.07%.

COMMODITIES:

No new trades and no exits today.

Current trades are:


Commodity Direction Entry Price Current Price P/L
Corn Long 408 413 $280
Soybean Oil Long 38.73 40.18 $870
Wheat Long 550.75 588 $1,862.50
Lean Hogs Long 56.3 64.225 $3,170
Orange Juice Short 112.75 112.85 -$15


Profit on open trades is currently $6,167.50 while profit on closed trades is $$9,948.75 a total of $16,016.25 an increase on my original account of 33.37%.
Bookmark and Share

3 comments:

  1. Hey Tony,

    I am following your blog every day to see how your going like probably a lot of people are, and I must say thanks for helping everyone out there see what it is really like. I'd really like to hear more of your thoughts and insights about the product as I am considering getting it for myself. Good on you! I suppose if you manage to keep your percentage increase on your account above 30% thats not bad for 90 days huh? Adam

    ReplyDelete
  2. Tonny, I'm so happy to have found your blog today! I just bought the Lifestyle Trader package and did an online search and it came back with a very mixed bag of opinions... Seems like it is working for you which makes me confident. In the next days I'll thoroughly read your posts to learn more about the trades you did and your experiences. Feel free to drop me a line if you like, my email is marcomeyer@gmx.at
    Thanks! Marco

    ReplyDelete
  3. Sorry: TONY! Dunno where the second "n" came from... :)

    ReplyDelete