It has begun in earnest...
Hi y'all. Apologies for not getting back sooner but as you will see from this update, I have been somewhat busy.
Firstly, I wish and pray that everyone who reads this blog and believes in prayer that all their prayers will be answered this year in Jesus' name. Amen. Ok, so some people pray to a different god, fine. Yours will be answered too but let the true God win.
Anyway, I didn't mean to start on that note but out of the abundance of the heart, the mouth speaks.
I did go to that trading seminar in rural Ohio in June of last year. I did learn something of a great trading fraemwork to take home with me and to personalise.
After my trading training in the US where I meat some pretty cool and sharp guys, I did nothing but sit back for another 2 months or so before I started trading in earnest.
First, I had to get the right trading platform and decide what kind of trading environment I wanted and that would suit my personality. I discovered that it was so much better for me to trade US Treasury securities aka The Bond Market. This happens to be one of the most, if not , the most liquid market in the financial world.
It might be a little slower than the S&P futures (and the e-Min futures) contracts but I like it. You kind of lose your money more slowly.
My real-time data supplier is TradeStation who in my very short time with them have actually reduced the amoutn of money I pay for trading and have essentially given away the platform for free with the amount of trades I make in a month.
They also have really cool sales guys. Mine called me in the new year just to ask if everything was okay with the account which of course it was. As it happened though I did actually have a requirmenet to open up yet another futures trading account where I could do actually day trades instead of the other medium term trading that I would normally do. He dealt with the whole query in less than 5 minutes and sent theauthorization forms to me immediately.
Like I said, I have been trading the markets now since late august and have chalked up loads of trades. I am still learning about my trading personality and am beginning to bed down on what my trading rules are. You know, the ones that work for me rather than against me.
In this new year, I expect to have grown more consistent with the profit side of things, to never actually suffer another margin call and to takethe profits when they are there. Not longing after it after it has gone.
I have a good mind to actually start posting my daily logs on this site but I am not sure about the sense in doing that. It may help someone out there or it may not. In any case, it is quite carthatic for me to write and put some words down in writing.
Shalom!
