Live & Die by the sword....

FetteredChinos

FetteredChinos

Veteren member
Messages
3,897
Likes
40
Right.

the purpose of this thread is to simply try to ram some discipline into this tiny brain of mine, forcing me to trade my system as i had originally designed it. i keep trying to second guess it, to the detriment of overall profitability.

I will be taking one trade per day, and aiming to turn $30,000 into $300 in the next 2 months.. :cheesy:

on a daily basis, until i get bored, i will be entering and closing trades as i see fit.

aim is to get 600+ points on the FTSE before the end of June.

all trades will be taken near the close. ie 4.25-4.45 give or take. slippage isnt much of an issue. or at least it shouldnt be!

no, im not doing this to sell a system, win kudos (though of course any dancing girls will be gratefully received) , or generally appear to be some sort of god.

disclosable elements of the system are:-

time frame:- daily bars
stops:- 500pt catastrophe stops
target prices:- variable
positions : - multiple :cheesy:
style:- counter trend :)


good luck, and its time to trade like a robot.. :)

FC
 
more a swiss-army knife actually :)

knowing my luck though, we will have a really trendy couple of months, and i will do well to break even lol..

still, nothing ventured, nothing gained.
 
FC what about the 96 hour bender, or is that just a part of this strategy
- wait for price target to be hit
- go on 96 hour bender
- exit
I like the sound of it, have you back tested ?

anyway, its doomed cos you've got no special fibs in there
 
ah yes, i forgot about the bank holiday effect.

we do have an as yet unbacktested 72-hour strategy that i am planning to roll out this weekend.

it also has a special add-on for subscribers known as the "Embassy World Championship" effect.

enables you to trade into the wee hours...
 
right, here we go...

Long on June futures at 4852

Current Positions

Long: 1 @ 4852 average price
Short: no posns

Closed profit: 0
Open Profit: 0


FC
 
Blimey, long on FTSE.....you're brave!!! :eek:

My waters are telling me to get ready to go short????

C
 
dont worry cd.. its just a commercial.

no hang on.. wrong brain.

my method involves a steady accumulation of longs and shorts over time. FTSE looks relatively cheap at the mo.

also, on a longer term scale, im targeting 10,750 in the dow in the coming month, so we should have a bit of upwards bias..
 
FC

I'm living on a prayer that the DOW will recover back up to it's 200SMA at around 10300-10400ish......although I'm usually wrong about these things!
However, I have heard that May is generally the best month of the year for short term share recovery?!?!??!?..... you may be onto something...but I might be wrong about that too.
You going to kindly bait us with regular updates?? :)

C
 
daily my good man.

i take a trade daily. opening and closing all the time..

its rather fluid.. just like the dinner i have planned for thursday night.. :)
 
Thanks for pointing that one out Racer!

FC, ...you are a true visionary!
No one could ever accuse you of not 'thinking outside the box' :cheesy:

Seriously, is there any particular method to this?? :confused:

C
 
FetteredChinos said:
I will be taking one trade per day, and aiming to turn $30,000 into $300 in the next 2 months..
FC
Click to expand...

I would like to help you there, if you send me $3,000 I'll send you my special end of day WISH-T system. I don't want to to give too much away here but its a simple system to tell What you (I) Should Have Traded that day to have made a profit. It's not any better than some of the systems touted by certain members but it is 100% accurate.


On a serious note I look forward to your daily updates. :cool:
 
no worries.. :)

at the moment it is looking like another long position going on at todays close..

depends what the US gap close does first.

full update at 4.40 ish

fc
 
FetteredChinos said:
no worries.. :)
at the moment it is looking like another long position going on at todays close..
depends what the US gap close does first.
full update at 4.40 ish
fc
Click to expand...

Well Footsie futures have been hovering along the Weekly S1 and the Daily S2 pivots since 10:30am, with the monthly S2 just 5 - 6 points lower, so there's plenty of support just waiting for the fray. Must confess I nearly hit the short button again when it dipped below at 11:55, but of course it was only kidding - again :)

Must say I favour a bit of a bounce too - but remain very nervous of being caught long.
 
and next trade


Long on June futures at 4799

Current Positions

Long: 2 @ 4826 average price
Short: no posns

Closed profit: 0
Open Profit: (64)

:eek:

FC
 
off we go again.. marginal trade today. could have gone either way.


short daily cash at 4785


Current Positions

Long: 2 @ 4826 average price
Short: 1 @ 4785

Closed profit: 0
Open Profit: (73)


hmm, lets see what happens tomorrow.
 
hmm, looks like another marginal day today.. undecided.

also a slight problem as i have to go and have an argument with the Gas Man who it going to attempt to fix my leccy meter. looks like i will have to take todays trade on monday morning instead..

need to see how the next hour pans out before deciding.

good weekend all, im off to sharpen my knives.

FC
 
You must log in or register to reply here.

Similar threads

S
Live free or die!
Replies
17
Views
5K
ANGELO
A
Joe Ross
Leverage Is a Double-edged Sword
Replies
4
Views
4K
Pippy5000
Pippy5000
JumpOff
Margin / leverage - the double edged sword?
Replies
8
Views
3K
Racer
Racer
M
Forex opportunities dying?
Replies
15
Views
3K
neil
neil
Don Bright
  • Article
Equities Psychology Adapt or Die!
Replies
6
Views
3K
RUDEBOY
R
Top