Saturday, November 20, 2010

A new (sort of) beginning

I love trading.  There is nothing else I would rather do.  I first came to trading in mid-2006.  After 3 years of on-again, off again demo trading -- anyone will admit -- is a shadow of the real thing.  I remember trading with just an MACD, and making 50%, 60% ROIs month on month on a 1 hour time frame.  Trading is easy! or so I thought.

After three years of farting around demo accounts, job security on the wane due to the GFC and limited career prospects in my chosen career, I was looking an answer.  Happily, I haved switched careers into a low-stress daytime environment.  

But more importantly, I got serious about trading.

I have traded live since April 2009 and blown up more money than I care to admit.  Tried 1000's of indicators, you name it, tried 'em all.  As the wallet stands, the Markets are winning at the moment.  The attached shows the inconsistency clearly to date, and approximates 1.5 years.



Terrible.  I've made every silly, insane mistake in the playbook that you can think of.  Now, if you ask me what I did to produce that positive curve at the start, I couldn't tell you - I simply cannot remember.  I can't even remember what I did three months ago.  I do remember spending the best part of the last year in a prolonged and painful funk testing thousands of indicators with little consistent success.  Blame indicators that don't work? No I don't think so.  Between all the chopping and changing, I can't in honesty tell what has worked and what hasn't.

Therefore, the purpose of this blog is simply for me to track my trades, and more importantly, track my thoughts (rants), analytic processes and trading journey.  I tend to trade Fibre, Cable and Yuppy, looking for opportunities in early Europe or around the LSE open.

Comments and trade ideas are welcome.

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