I hope you are well. I thought I'd give you a quick up date on my trading. As I mentioned during our telephone conversation I only get to trade every other week, however I did manage to make three trades yesterday on the New York market at about 3pm GMT. One trade on the EURUSD netted me 45 pips, one on the EJ lost me 30 pips, followed by another on the EJ which made a profit of 41 pips leaving me 56 pips up on the day. The significant thing for me about this is that previously had I lost on a trade I would have either walked away in a sulk or I would have gone straight back in trying to teach the market a lesson. I would undoubtedly lose again, heightening my frustration and leading to further losses, frustrations, etc. A steep downward spiral! On this occasion I accepted that losses occur, waited for another opportunity and entered again when the signs were all there. This then recouped my previous loss and added a nice profit too.
So far in May I have made 21 trades, 5 have been losses, 1 hit my stop at break even. 16 trades have made me a profit 0f $61.13. All trades made with a $0.02/pip and sticking to the rules of the RF1010 as we agreed. My star chart is bulging!
As a result of my sticking to the rules I'm going to treat my youngest son Archie (8) to a new Argentina football (soccer) kit, don't ask me why he wants an Argentinian kit and I'm going to treat my eldest son Alfie (10) to some new Cricket whites.
Thanks again for your help and hopefully speak with you soon,
I've made even more pips today! I've attached my trading journal for you to have a look at. It needs some fine tuning but you can see my progression quite clearly. I must say that I feel a hundred percent better than I did before we had our telephone conversation. In the short time since we spoke I have literally turned my trading around 180 degrees. I have gone from being totally despondent and ready to give in to being incredibly focused and for once I honestly believe that I can make some substantial gains in the years to come. I am 43 now, I've made a promise to my wife that we will be financially independent by the time I reach 55. If I just stick to the RF1010 and follow the rules I could well be there by the time I am 50.
Thanks again for taking the time to contact me Bob. I owe you an awful lot for the support and encouragement.
Hopefully we can speak again soon.