Friday, February 19, 2010

trading update $$

i thought i better explain what i'm up to.



this system is returning very good results. bit to good. doubles once a week. on one hand very exciting, on the other hand realisticly at this pace it should be just a question of time before it hits a bad patch and gets margin called. so what to do?

the question i asked myself is whether it will double at least once again? and i think it will. so i've switched it onto a small live account. the idea is to let it double, take the out the start-up cash and from there draw 50% every 400%. So $1k to $2k, draw $1k, then $1k to $4k, draw $2k and then $2k to $8k draw $4k and so on. till it wipes out or doesn't.

this is one of the more exciting things i've done for a while. and this is the system that's broadcasting on twitter at the moment.

ibfx won't let me keep hedges over night, so in slow markets i will take daily losses. when this thing makes money it does it quickly in sharp bursts. does it about once a week.

it's a gamble, but i think that's ok, as long as we know we're rolling dice and not really trading for a long term sustainable system. i just don't want to miss out if it really does work.

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