Monday, December 22, 2008

December 22nd Update

Just a small update. Today I wired all of the funds to my trading account. Everything is coming together and should be ready to go in January. I spent the weekend refining my last setup and its stop management and entry filter and came up with some really great stuff. This setup is proving to be that perfect last piece to the puzzle.

The type of trading I do right now is precise and effective, but lacks the ability to jump into big blow away trends... at least it did. This fifth setup is so robust i'm actually going to record it as a second methodology when I post my results daily. But lets just say this... its the most promising method i've developed in a long while and i'm constantly surprised as how well it performs each day. Over a random 3 day period last week and last month the system pulled out over 1000.00/contract in profits and above a 60% win rate each time.

I've attached a chart of today's trades from both methods combined. As you can see, we didn't win them all but what we did do is win the majority, take more profits than losses, and came out on top like we do most days!

Today's Results: 7 Wins, 2 Losses, Net: +9.75, +487.50/Contract

Basically, i'm getting everything ready to go and i'm just making finishing touches on everything in preparation for my January launch date. I'm VERY optimistic, but well aware of the daunting task that lies ahead. But i'm well prepared and ready to take on what the market throws my way and excited for the start day. I feel like i've spent the last 3 years building my business and its finally ready to open its doors to the public. It should be an interesting ride and I invite you all to watch!

Happy Holidays!


Michael Brenke said...

Good luck, I'm looking forward to seeing your posts!

Matt said...

Thanks! It should be interesting!