14th November

Dear John

It was such fun chatting to your on Skype and I hope you have hours of fun with your WII. I am also looking forward to designing a website for learntrading and we bought the domain name learntrading.us. Leigh is very excited to get this show on the road. He’s a good salesman and believes in your courses so much that I think he’ll have a great time selling it. Also pilots are always whinging about their money and made do trade so lets see if we can peddle this to them as well.

Now back to trading. I reinstalled the VT and latest JAVA and rebooted. Then I decided to test it and went onto the 30 minute cable to put in a longer running trade. I had set the one click on my demo account and although the charts all transferred nicely from the demo to the live platform, the one click didn’t and so when I clicked sell I nearly took off when I saw I was$100 in the red. I froze and Leigh said let this ride as the trend is on my side. I sat watching this totally dumbstruck and within a minute I was in profit and then it gave me 18 pips within about a minute. Leigh said get out don’t be greedy and I have to admit I was happy to get out.

Actually he had said get out when I reached zero but the candle was rushing down so fast I thought nope I’ll sit this one out. I should have trailed my stop and I’d have been 30 pips in profit but the shock of going in at $10 a pip insteadof the $1 as I wanted to test the platform certainly got my attention. So a valuable lesson. Even though your demo settings are transferred to the live platform the one click does transfer but the default lot amount of $10still applies. I had intended trading on $1 a pip but ended up trading at$10 a pip which was a terrible shock. If I had been trading the 1 minutechart I’d have lost my nerve but looking at the broader picture certainly helps.

I learned something else. When it’s looking good like today it’s only really a mindset between $10 and $5 and $1. Trading $10 on the demo was a nobrainer its different in real life. But with the pound falling like it is it won’t feel any different to trading £5 a pip which is what I’ve been doing lately. I am going to use the Tornado more. Maybe for longer trades on one currency and do hands on trading on another currency. The cable on VT is a 4 pip spread but those 4 pips meant zip. I am so glad my first trade on theVT was in profit.

Starting off on Worldspreads with two losses in a row was such a psychological downer. Darren and I have been using the 1 minute chart as entry and exits but wef ound we started relying on the 1 minute instead of 5 minute. Every few days we have to go back to basics and it always works. I’m done trading for the day. I’m off to play. Chat tomorrow Cheers Desiree