Saturday, 27 December 2008

30th October

Hi John

I’m so glad we connected this morning on Skype. Today was a good day. I traded £3 a pip and I never made a single loss. I set my stop at 20 but my mental stop at around 15. At one point it went to 19 but I hung in there and then I rose right up and I bagged 10 pips. That was my final trade of the day. I made 26 pips. I felt in control, a lot more relaxed but the first trade of the day is always nerve wracking till I get into the zone properly.

I only traded after I’d checked out the 5 minute chart and was happy to go in. I never opened the 1 minute at all and depended only on the 5 minute. I have to learn to let my trades run but this is early days. I’m back to what I did on the demo and it feels good. Also John with the demo I didn’t stop at 10 or 20. but today when I had reached my daily target of £60 which is what the company pays me I was happy to stop.

It takes 20 pips on £3 to get to my £60 a day but next week if you feel I should I will go up to £4 a pip. Obviously my stop will be shorter but these are very manageable amounts to handle and if I had to lose 20 pips I’d not be breaking the bank.

Darren and Iain get chatting on Skype and the two will also trade together I think. Darren has a similar nature to Iain and I think the three of us will learn together. I fly to the States on Sunday and then Leigh will join the chats on Skype to Darren and we’ll conference call while trading. This was the best idea to get Darren and I to trade together. We’ve bothlearned so much this past week. What is also good is we balance each otherwhen greed, fear and revenge want to strike.

There were some lovely gains to be made after we reached out targets but seeing we were both on a high we decided all we’d do is give it back. And its ok to get out at 20 or 10 pips. If I can keep this up I’ll make £300 a week soon. I realise its early days and I’ll have off days but as my kitty increases and I increase my £ per pip I’ll be ok.

On an entirely different note. Iain got his results for his masters from Imperial College yesterday and he passed with Merit. I am over the moon with happiness and pride. Now real life starts and he has to find a job but withtoday’s climate being as it is I am so glad he’s got into trading.

WatchingDarren who is very similar in age to Iain (4 years older), chatting together on Skype today I feel that’s a good intro I made there. Have a great day. I’m off to brave the cold and do some shopping for the weekend. I’ll be in touch re the possible new clients Thank you so much. I think you have changed my life. Kind regards Desiree

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