my trading day ~ friday 29th october 2010

As usual, I do not work on Friday’s ~ so another day off for me. I got back from London fairly early, and immediately shot off to Ipswich to try out a new (wireless) Clay-Pigeon Launcher for my garden.

My late afternoon was spent replying to emails and reviewing my month’s trading, as it is the last working day of October. On the subject of trading performance, I am often asked about my personal trading, and how many £’s per pip I trade at. Around 7 years ago, I stopped increasing my daily stake (as you can do as your trading account increases each month) and I now stick to the same amount (approximately) for EVERY trade.

I was in the fortunate position when I started trading full-time to not need to draw a wage from my trading account for the first year – and that does give a tremendous boost to the account balance. If you start part-time, you can do the same, so enabling you to compound your account balance month on month.

I cannot tell you at what level I trade at, but I can say that it is sufficiently high to enable me to have a special deal with a well-known spread betting company, whereby I can trade any instrument at a spread of just one pip. I also have accounts with 4 other SB companies, so I can report my results with my “Trade With A Day Job” system at the same spread (4 pips) as all of you enjoy, so making my results more accurate when reporting to my customers.

This entry was posted on Thursday, November 4th, 2010 at 11:53 am and is filed under Trading Days. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Comments are closed.