Paper Trading Day 76 of 90

I thought I had booked in to start the sessions training this week but it looks I didn't complete the registration and so now I am booked in to start on the 16th of November.

FOREX:

I entered one new trade today a long trade on British Pound / US Dollar.

Current trades are:

 Curr Pair  Direction  Entry Price  Current Price  P/L
EUR / USD  Long       1.4864       1.4873         $90
GBP / USD  Long       1.6581       1.6581
USD / CHF  Short      1.0174       1.0161         $100

Profit on open trades is currently $190 and profit on closed trades is $15,892.40 a total of $16,082.40 an increase on my original account of 43.47%.

COMMODITIES:

I closed two trades today:

• a long trade on Corn taking a lose of $300
• a long trade on Soybean Meal taking a lose of $1230

I also received an exit signal for a long trade on Lean Hogs.

Current trades are:

Commodity    Direction  Entry Price  Current Price  P/L
Oats         Long       260.5        255.6         -$245
Soybean Oil  Long       37.3         37.18         -$72
Wheat        Long       515.5        512           -$175
Lean Hogs    Long       54.8         56.6           $720 (sell order pending)
Coffee       Long       141.75       142.1          $131.25

Profit on open trades is currently $359.25 and profit on closed trades is $13,205.50 a total of $13,564.75 an increase on my original account of 28.26%.

Paper Trading Day 75 of 90

Very tired today due to lack of sleep. Planning a trip for twelve couples to Bali in April next year and couldn't sleep last night thinking about it. Details will be posted here within the next couple of days.

FOREX:

I entered two new trades today, so current trades are:

 Curr Pair  Direction  Entry Price  Current Price P/L
 EUR / USD  Long       1.4864
 USD / CHF  Short      1.0174

Profit on closed trades continues to be $15,892.40 an increase of 42.95% on my original account.

COMMODITIES:

I entered one new trade today, a long trade on Soybean Oil.

Current trades are:

 Commodity     Direction  Entry Price  Current Price  P/L
 Corn          Long       381.25       384            $137.50
 Oats          Long       260.5        258           -$125
 Soybean Meal  Long       303.4        301.6         -$180
 Soybean Oil   Long       37.3
 Wheat         Long       515.5        521            $275
 Lean Hogs     Long       54.8         57.8           $1,200
 Coffee        Long       141.75       140.75        -$375

Profit on open trades is currently $932.50 and profit on closed trades is $14,735.50 a total of $15,668.00 an increase on my original account of
32.64%.

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%.

Paper Trading Day 73 of 90

It's Melbourne Cup Day today.

FOREX:

I closed one trade today a long trade on British Pound / US Dollar taking a lose of $1,685.00.

Current trades are:

 Curr Pair  Direction  Entry Price  Current Price  P/L
 USD / CHF  Short      1.0217
 EUR / CHF  Short      1.5096       1.5099        -$24

Profit on open trades is currently - $24 and profit on closed trades is currently $16,172.40 a total of $16,148.40 an increase on my original account of 43.64%.

COMMODITIES:

I entered four new trades today:

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

Current trades are:

 Commodity     Direction  Entry Price  Current Price  P/L
 Corn          Long       381.25       381.25
 Oats          Long       260.5        254.2         -$315
 Soybean Meal  Long       303.4        303.4
 Wheat         Long       515.5        515.5
 Lean Hogs     Long       54.8         57.725         $1,170
 Coffee        Long                                          (buy order pending)

Profit on open trades is currently $855.00 and profit on closed trades is currently $14,735.50 a total profit of $15,590.50 an increase on my original account of 32.48%.