We had another profitable week. If a trader took every signal as posted, below are the results
Friday (No Trades)
We took a DEMO trade on Thursday evening that carried over into Friday. As of right now, that trade is at a floating loss of -29. It has fluctiated between +20 and -35 for the past 16 hours now and I suspect it will expire about -15 or so.
Had we taken that trade live, our weekly P/L would be (with the current -29 trade) around +8, which is what I would consider a slightly better than break even week.
Since we are discounting the demo trade, our week will end at +37.
I have talked about this before but +37 may not sound like a lot but it all depends on the amount of contracts you are trading.
$37 on a $1,000 account is still a great return. 3.7% for the week.
Trading 10 contracts, this is $370. On a $10,000 account, this is a 3.7% return for the week or 192% per year. Compound interest is a grand thing if you use it right.
To my Clients:
I have had conversations with people this week and want to relay my thoughts to you about an issue. Many, many future clients all told me the same thing which is this, ” You signals only trade 1-3 times per day. I can’t make any money that way.” I am sorry but they don’t know what they don’t know….yet.
Trading is a long term business model. It can compound your account into unbelievable amounts in a relatively short amount of time, over months and years. It can also be a great source of extra income. Treat this like a business and not a hobby and your account will stop taking giant hits. If you are unsure about something, DEMO trade it until you are sure. The market will be here tomorrow and the next day and 100 years from now (in some form) so just relax and stop trying to push trades through in the hopes to make more and more. Sit back and think to yourselves, “Are these signals, if taken correctly, making a profit?” If the answer is yes, then relax, be patient, enjoy the ride, and take a look at the tab above, entitled “compound interest”.
Clients, you are all great and have had some awesome feedback this week from you. I am listening and if all goes well, next week I will be offering the bull spreads and also will be offering a lot more binary trades throughout the day.
Have a great weekend!!!