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%.

Paper Trading Day 84 of 90

Six more days of paper trading before I go live. I am both excited and a little nervous at the same time. I can see the results I have on paper and that excites me but I am not and never have been much of a gambler so I am a little nervous about using real money.

FOREX:

No exits and no new trades today.

Current trades are:

  Curr Pair  Direction  Entry Price  Current Price  P/L
  USD / JPY  Short      88.985       89.263        -$236.30
  GBP / USD  Long       1.684        1.6812        -$280
  AUD / USD  Long       .9368        .9307         -$605
  EUR / GBP  Short      .8904        .8849          $1,034

Profit on open trades is currently -$87.30 while profit on closed trades is $15,197.60 a total of $15,110.30 an increase on my original account of 40.84%.

COMMODITIES:

I entered one new trade today a long trade on lean hogs.

Current trades are:

 Commodity    Direction  Entry Price  Current Price  P/L
 Corn         Long       408          417.4          $470
 Soybean Oil  Long       38.73        40.24          $906
 Wheat        Long       550.75       596.4          $2,282.50
 Lean Hogs    Long                                             (buy order pending)
 Orange Juice Short      112.75       112.4          $52.50

Profit on open trades is currently $3,711 and profit on closed trades is $9,848.75 a total of $13,559.75 an increase on my original account of 28.25%.

Paper Trading Day 83 of 90

Today I did my lesson 1 of sessions training. Easy, install the software, take a screen shot and send it back. did that 2 weeks ago but anyway its done now.

FOREX:

I closed one trade today a long trade on US Dollar Japanese Yen taking a lose of $1,066.75. Flip side is that the weekly chart has changed direction so I have entered a short trade on the same pair. I also entered three other pairs.

Current trades are:

 Curr Pair  Direction  Entry Price  Current Price  P/L
 USD / JPY  Short      88.985       88.985
 GBP / USD  Long       1.6840       1.6840
 AUD / USD  Long       .93675       .93675
 EUR / GBP  Short      .8904        .8904

Profit on closed trades is currently $15,197.60 an increase on my original account of 41.07%.

COMMODITIES:

I entered one new trade today a short trade on Orange Juice.

Current trades are:

 Commodity     Direction  Entry Price  Current Price  P/L
 Corn          Long       408          417.4          $470
 Soybean Oil   Long       38.73        40.18          $870
 Wheat         Long       550.75       583.6          $1642.50
 Orange Juice  Short                                           (buy order pending)

Profit on open trades is currently $2,982.50 while profit on closed trades is $9,848.75 a total of $12,831.25 an increase on my original account of 26.73%.

Bloggers editor has decided to go on holidays again today so the formatting is out again.