Lee Shepherd's Trading Diary

This is a discussion on Lee Shepherd's Trading Diary within the Trading Journals forums, part of the Reception category; This blog entry is aimed at those who have not followed the blog from the start or been in contact ...

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Old Nov 7, 2008, 10:43am   #25
 
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Joined Feb 2008
A Current update 7th November 2008

Lee Shepherd started this thread This blog entry is aimed at those who have not followed the blog from the start or been in contact with me on skype and feel obliged to message me or post unsure messages on the forum in places I dont notice for weeks on end.


I am still actively trading, so we've cleared that one up. I am however no longer trading positions as I know nothing at present of market direction enough to feel I could make it profitable. The losses from the last quarter were 8 weeks loss and yes, I still made money from the remaining 4 weeks. The contracts were due to expire on that friday (as mentioned in the blog), as anyone who was trading with me would have been aware of this. My positions where all shut down a day earlier and I did not re-enter the market with a view to position trade, no funds were also added to cover excess margin required.

I am currently day trading so my contracts are around 10 to 30 per day, this would usually be my weekly rate, daytrading is a lot more volume and less target. For this reason live calls are made through skype and no blog posts, the obvious reason is that by posting 100 plus trades and trying to explain them would leave most unsure and me exhausted.

I am still actively making money and still enjoying trading. I am also still trading full time and as a sole requirement to pay my bills and lifestyle, I am still paying into a pension plan (my savings account) and am still drawing out regular money. I am also still growing my account and Yes, I am one of those that takes money out of my account, not puts it in.

I have purposely selected a specific date that coincides with the last of the contract positioning. There are 6 Shorts, 4 of which where at the entry I made aware in the blog, the 5000 level, 1 was a push of the winning trade at 4600 and the last was a push of the index at 4400, they were all closed at 4097. This was the last set of trades and a current screenshot of the platform is shown to show that zero margin is being used. These screenshots have been posted on the world wide web so are already out there for all to see. By posting here, you wont have to keep asking or second guessing (I hope).

I will also take the opportunity for all the doubters out there that feel trading is an impossible task, (the sole purpose for this blog) to provide 2 bank statements from earlier this year and the current months statement, just to show I am still drawing money (albeit less of late).

Being the internet, people can be anyone they desire and we often know not of the person/s we speak with. Many dont even have a name and some even hide the country they post from. Over the time I have been here and the chat forum I came from originally I have attempted to be as transparent as possible. People from this site have also met me in person so know I am the guy in the photo.

I'm sure that past this there will still be neg heads out there, avoid these people, I generally find it helps with keeping it positive.

Good Luck all, and for the others, I'll catch you on skype.

Lee Shepherd.
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Old Mar 11, 2013, 4:56pm   #26
D70
Joined Nov 2009
Re: Lee Shepherd's Trading Diary

Hi Lee,

Just found this thread that you linked in from another.
How best would you describe this way of trading?
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Old Mar 11, 2013, 7:19pm   #27
 
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Joined Feb 2008
Re: Lee Shepherd's Trading Diary

Lee Shepherd started this thread
Quote:
Originally Posted by D70 View Post
Hi Lee,

Just found this thread that you linked in from another.
How best would you describe this way of trading?
Sorry mate, I'm going to refrain by describing it as anything other than me trading. If I start to describe it I will have all and sundry on here disputing the situation and how it cant be done blah blah blah. The truth is, what I do can be done and is done and makes enough money to live on and grow a pot for emergencies.

I post regular live trades and live statements, charts, bank statements etc and everything else and have done for years. Before anyone says why aren't you a billionaire by compounding I'll say this, p1ss of and come back when you've got there, tried it and bought the t-shirt. It really isn't that simple unfortunately otherwise every trader in the world would be a billionaire. I know of no one else that is this transparent - not even vendors.
I only do this when I am in a giving mood or I feel someone is close and trying hard but not yet their. Needless to say they are few and far between.

If you ask why I do it. The answer is sometimes in life we all like to give a little back from time to time. When I have the inclination and energy I may post a little more.

I am also transparent as it casts off doubters, put it this way, I don't see anyone else doing the same and therefore if they dont do the same they are certainly not in the position to ask more of me.

If you have read the posts from old and new and sincerely need help with trading (profitably) then drop me a line on skype and I'll see what I can do, I never promise anything but then again I don't charge either, so you can take it or leave it. Most just want to stir up sh1t for lulz as appose to genuinely making money.

Cheers,
Lee
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Thanks! The following members like this post: VielGeld , wackypete2 , ordinaryguy76 , Predicabo
Old Mar 11, 2013, 8:01pm   #28
Joined Jan 2013
Re: Lee Shepherd's Trading Diary

I am not wishing to stir up a shi7 storm but the following link provides the below cut and pasted info.

Lee Shepherd's Trading System - a futures trading system on Collective2

The website says you last logged in on the 9th October 2008 and you started this thread in April 2008. It is fair to say then that you were selling your services at the time this thread was started.

So just for the record what is going on? Were you a vendor? Are you still a vendor? You may well have once be a vendor and strayed to the dark side but now are reformed and make your living as a trader, if so fair enough. I just think it warrants some explanation.

tbh honest your last post does come across a bit 'Berty Big Bollox' and there is a touch of the hansle and gretle about it. You are saying you like to 'give something back', that doesn't tally with the selling your services.

************************************************** *******************************************

CUT AND PASTE FROM LINK ABOVE

Lee Shepherds Trading System is designed to capture overbought/sold conditions then trade off the range on an intraday basis. This would be suitable for employed people who have no less than 1 hour to spare each trading day but is most profitable to those who can or are willing to become a full time trader when they feel comfortable in doing so.

Lee Shepherds Trading System is for people that want to actively trade and is not suitable as an investment vechicle only.

This account is running live with a starting balance of $100,000 (�50,000 U.K aproximate equivalent rate) Exchange rate is aprox and may differ due to currency fluctuations.

If using highly leveraged products or spread betting then greater percentages can be obtained using far lower starting balances. For spread betting please check the legality of opening such an account in your state/country of residence.

Please note: The want to trade and the love of the markets is essential.

Also be advised that the owner of the system trades EVERY trade posted.

See live posts and history under Lee Shepherd at the likes of TraderPlanet - Trading and Investment Resource Portal and Trade2Win.

Short Biography: Lee Shepherd has been in small stocks for most of his working life and decided to make the step of trading the market as a whole, this is when he moved into indices. Mr Shepherd has been and continues to trade succesfully to date with a fantastic record spanning many years. He has achieved this through the hard work and dedication of paying attention to the very thing that moves the market - Fundamentals(news reports ect) but without ignoring the important Technical side of trading to which to this day he still strives to improve.

Lee Shepherd not only trades the Dow jones but also invests in other markets on a regular basis, these being the S&P500 and the FTSE 100. For the sake of this account record just one market has been used, Dow Jones Industrial Average (DJIA), similar results are achieved with very little difference on all target markets.

If you feel that you would rather trade either the S&P500 or the Ftse 100 then please feel free to ask about this service.

A telephone line can be given to all who subscribe for up to the minute information and also texts can be provided for those who like to trade on the go.

Currently Lee Shepherd boasts weekly points on all target markets of over 800 points. You can convert this as you wish. If direct market access then on emini ym (Dow) then that would convert at $5 a point x 800 = $4000 per weekly average for all three markets.
If spread betting from the U.K and being income tax and capital gains tax FREE then this could be converted at the minimum at �1 per point into �800.

From this amount, hopefully you can see the $299 per month or �150 aprox equivalent rate as a business expenditure. The future is in your hands.

Try Lee Shepherds Trading System for FREE for 14 days to see how you get on. If its not for you then thats understandable, it wont cost you money (assuming paper trading). If you find that you could follow the successful system then continue with the subscription and you could find that you have covered your next monthly payment within a few days. The rest of the profit you earn is then yours to keep. (After you have paid any taxes due of course).

Please note that markets change and systems have to change with them as do traders. Past performance is obviously not a guaranteed guide to future performances. As always the markets go up as well as down and although every endevour is made to ensure that we all stay profitable, it is possible that you could lose a substantial amount of money. Please only ever trade with money you can comfortably afford to lose. Any traders that attempt to over trade or become reckless against the system will have their subscription cancelled with immediate effect.
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Old Mar 11, 2013, 8:27pm   #29
 
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Joined Feb 2008
Re: Lee Shepherd's Trading Diary

Lee Shepherd started this thread I've never denied being on this site, in fact i've even mentioned it recently....but.... for the sake of sanity I'll answer this plain and simple:

I'm am not a vendor, I have never been a vendor.

As to the site. There were a group of us back then and this was someone ghosting me. Needless to say I was not willing to participate in the site but was set up none the less (just in case I did)

I cannot be bothered with the hassle of charging people for help but I do understand those that do. I have commented that at some stage in my life (in many years I'm sure but who knows) that I may write a book as writing on here is obviously something I enjoy.

Again, many books out there, I don't expert to make a million from it but then again that's not my intention.

Cheers,
Lee
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Old Mar 11, 2013, 9:03pm   #30
 
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Joined Feb 2008
Re: Lee Shepherd's Trading Diary

Lee Shepherd started this thread
Quote:
Originally Posted by cablemonster View Post
I am not wishing to stir up a shi7 storm but the following link provides the below cut and pasted info.

Lee Shepherd's Trading System - a futures trading system on Collective2

The website says you last logged in on the 9th October 2008 and you started this thread in April 2008. It is fair to say then that you were selling your services at the time this thread was started.

So just for the record what is going on? Were you a vendor? Are you still a vendor? You may well have once be a vendor and strayed to the dark side but now are reformed and make your living as a trader, if so fair enough. I just think it warrants some explanation.

tbh honest your last post does come across a bit 'Berty Big Bollox' and there is a touch of the hansle and gretle about it. You are saying you like to 'give something back', that doesn't tally with the selling your services.
Hi Cablemonster,

I was just thinking about my recent post. Berty big bollox did make me laugh although I don't think that was your intention. Anyway, it is your interpretation nonetheless.

I think the main problem here is that, yes I make money and have done for many years now, so what, I'm successful at trading (for now). I constantly take and do not 'top up' my account.....so....why do I bother posting on here.

You know what.....Sometimes I even ask myself the same question then someone comes along, I give them a little help, they say thanks and bugger off and I feel a little better. Its just such a shame that there are so many people on here that are skeptical and sometimes for the wrong reasons and against the wrong people. The problem there is these people only hold themselves back, it doesn't affect me in the slightest.

I will say this to:

When you start constantly making money on a regular basis (I'm not talking months here btw), you will be inundated with contacts asking to ghost you. This may be at events you go to, people that you know, or they know of you, contacts from contacts and so on, you may entertain these offers , you may not. Being as transparent as I am makes me very traceable, even more so when I have my ugly mug shot on the site. Ghosting happens by You giving them the trades, they do the posting and take all the hassle from subs. They then pay you a commission.

If some of my posts do come across as a bit bertie big bo11ox then I will not apologies, I'll laugh because to be honest with you I have earn't it. You would feel the same and understand if you put yourself in my shoes but depends on which side of the fence you wish to stand on. Its your choice.

Enjoy your trading, I'm done here. (That's this conversation not the site)

Lee
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Old Mar 11, 2013, 9:23pm   #31
Joined Jan 2013
Re: Lee Shepherd's Trading Diary

No biggie. Just warranted explaining why you were on another website charging 299pm for your system. I dont think it was an unreasonable to ask.
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Old Mar 12, 2013, 8:33am   #32
D70
Joined Nov 2009
Re: Lee Shepherd's Trading Diary

Quote:
Originally Posted by Lee Shepherd View Post
Sorry mate, I'm going to refrain by describing it as anything other than me trading. If I start to describe it I will have all and sundry on here disputing the situation and how it cant be done blah blah blah. The truth is, what I do can be done and is done and makes enough money to live on and grow a pot for emergencies.

I post regular live trades and live statements, charts, bank statements etc and everything else and have done for years. Before anyone says why aren't you a billionaire by compounding I'll say this, p1ss of and come back when you've got there, tried it and bought the t-shirt. It really isn't that simple unfortunately otherwise every trader in the world would be a billionaire. I know of no one else that is this transparent - not even vendors.
I only do this when I am in a giving mood or I feel someone is close and trying hard but not yet their. Needless to say they are few and far between.

If you ask why I do it. The answer is sometimes in life we all like to give a little back from time to time. When I have the inclination and energy I may post a little more.

I am also transparent as it casts off doubters, put it this way, I don't see anyone else doing the same and therefore if they dont do the same they are certainly not in the position to ask more of me.

If you have read the posts from old and new and sincerely need help with trading (profitably) then drop me a line on skype and I'll see what I can do, I never promise anything but then again I don't charge either, so you can take it or leave it. Most just want to stir up sh1t for lulz as appose to genuinely making money.

Cheers,
Lee
Thanks,. I'll try to catch you on skype.
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