13th September

Good morning John

Overall trading was better yesterday. I made 9 trades and came out ahead on 6 of them. As I was trading I got a phone call from MTI trying to sell me their package. I cut them short as I was in at the middle of a trade. They never called back :) How they got my number is a mystery. I signed up using my UK details yet they called me here.

In the afternoon I went over my lessons with Leigh to show him what I've learned and then he opened a VT account for himself and started trading. He's a firm believer of getting into it and learning from his mistakes. It's interesting to see how different folk react. I am always naturally on the side of caution and I can see how you can get carried away when on a high. That’s where the discipline kicks in. When I'm on the up I get out and if its still a sharp decline or rise I may enter the trade again.

I can also see why you can't have a partner in this business. People have different cut off and entry points. Its been agreed we'll have our own accounts - separate - independent of each other - and a huge necessity if you want a relationship to last. 1:30am this morning we stumbled to bed after studying the support and resistance lines. At the moment the MACD and Parabolic SAR's is my best friend although I use the Bollinger and moving averages as well. It's also become very clear too much info addles the mind and you loose sight of the basics that keep you out of trouble. There is so much information out there. I found some useful You Tube links on demos analyzing the chart patterns.

Yes, thank goodness the markets close over weekends. The kitchen backsplash needs tiling and the basement tidying up.

Have a great weekend. This weekend it’s the last two chapters for me that will be digested. Kind regards - Desiree

MTI is a total Australian CON!! Like Most of Them - Glad Leigh getting involved regards John B