Educators' Nemisis

FREE!!!What you say...FREE!!!

A system where we can have fun and learn.

Purpose: To prove that an interested trader should NEVER pay a charlatan/educator to learn how to trade without published proof of real time brokerage trades showing they are profitable over a given period . (Not 1 day either)

This thread is intended to help those sitting on the fence to get off the fence and trade with a little bit of help and those that are trading hone in on their disciplines.

Of course, if you know everything about trading this thread will be of no benefit to you.

The system will NOT be given to you...you will have to research while at the same time I will provide real time trades/calls.

Before, I go any further ...I am not computer savvy ;so if I mess up I apologise and maybe somebody can assist me.

The system; Less than 100 words
Money management: Less than 50 words. It will become obvious as you follow the trades where you will see "X1, X2" and so on.

Profit goal: This exercise - 2 profitable trades
Profit/ Stops-Reverse trades: 1.75 -2.0 -/+ commissions

Current statistics: Free wheeling 53% profitable has not varied more than 4%.
Maximum successive profitable trades 7
Maximum successive losing trades 4

I will not post entries until my other model has finished for the day...average time around 3.5 hours from 7 am EST. If it a loss...a lot earlier

This is a genuine attempt to assist traders and others with absolutely NO ulterior motive...more about me later..

So here goes...

A quick overview of last week...

We are carrying a deficit of 85 points plus commissions for the first 2 weeks of January.

Last week we recovered 58 points less commission...58 x2.25 - 59 x1.25, which was not helped by my blunder yesterday...costly.

The reason I went back to the base instead of following through with x6, is because there is as much chance of getting caught with high numbers as there is reducing the deficit and profiting by it...why compound a mistake?

Mistakes happen...learn by them and forget the last trade...

Pink

Opened 110050

SLD 109925..x3

reversed BGT 110050...SELL 110300...x4

reversed 109925...BUY 109675...x5

DONE...5 x 225 - 7 x125 =small net profit after comms.

Next trade..x2

Ok while I have a chance

opened 109775...

SLD 109650...x4 (not2)

reversed 109775...x5

reversed

this one mindless bull**** chop...will post later

Some serious damage to the bottom line...

Thid crap has not happened in approximately 3 years...

Bottom line got 16x before done...result....16 x 2.25 - 114 x1.25 = deep ****
..

Will recover, but I have a limit to what I will lose

Next trade x15

opened 109600...SLD 109475...BUY 110925...x15

reverse 1196

will even luck will be square within a day or so...

reversed 109600...SELL 109850...x16

reverse 1094.75, which I don't need

Ok it got worse..

-15,-16,-17,-18

Done x19

I have to stop if I get hit with another 4 consecutive flips

Opened 109675...SLD 109550...BUY 109300..x18

reverse 109675

i have eceeded my limit...I am done for awhile...looks like a looong year