12th September

Dear John

Many thanks for the trading analyzer that arrived today. I will only get it when I return but I just wanted to let you know it’s arrived.

I watched an MTI seminar online last night and it was for beginners. I wasn’t very impressed with it. I found them very in your face and loud and promising you the world. You tell us to trade with realistic amounts they say go for it and if you put on more you win more. After the seminar the chap said he’s only been in it for 2 years. At that point I baled out of the seminar and did your lesson on psychology.

Today I’ve been trading with realistic amounts and I am up on yesterday’s losses. The markets look easier for me to trade with my support and resistance lines and I was able to make three profits of $115 in all. Kept it small and got out when it was still looking good. Every time I got out the market changed and it turned either into a loss or sale. I keep hearing you in the background saying $20 in your pocket is more than you started with and I keep that in mind and get out. I had a few hairy moments where I was loosing seriously but I thought I would stick it out as the trend was positive and after 30 minutes it did go up and got better however once I broke even as I right clicked to get out it shot up to a $25 profit and I got out then. I also learned when the profit is high not to hope it will get better as 9 out to 10 times it drops rapidly to a negative amount and then I have to wait for it to break even again.

Every day is a bit better. I am keeping a chart of my reactions and what made me get out. Three times today alone I lost as the stop cut in before I was able to move it to a better positing and I’ve lost more money like that. Have a good weekend. Kind regards - Desiree


Hi Desiree - Your emails are enlightening it's nice to here how new traders react - saving them all - might turn it into a book! :-) Regards John B

P.S. It’s good that markets close at weekends - it ensures you take a break!!