9:00am  ~   I have some more news on the Worldspreads share suspension this morning, I have been in touch with the administrators (KPMG) and they are saying that the first £100,000 of every clients trading account should be safe due to FSA rules and their compensation provision. It would appear that company and client’s monies became entangled and there is now not enough money in their bank account to repay all clients. Obviously they are going into administration with KPMG appointed to handle their affairs

I actually used to trade with Worldspreads as they gave me a ‘No-Spread’ trading deal on the S&P500 index, but around 5 months ago they pulled this special deal from under me, so I transfered most of my account over to GKFX instead but I left £10,000 in my trading account with them just in case I did trade with the company again, so that will probably a long drawn-out process getting that back…..

Back to more mundane things, I am going to be at home all week, so I’ll be doing quite a bit of trading for most of it, just to show prospective clients how much they can realistically earn if you were trading any of my systems during the day or in the evening. I have had 5 separate emails requesting this action, so I’ll be starting today and trading through until Thursday evening.  I have a few errands to do this morning as I’ve been away for most of last week, but I’ll be back at lunchtime as I have 5 Skype calls in the diary with prospective customers plus quite a few emails to reply to from the weekend.

I will be trading my ‘Evening’ system later on, so I’ll report back with the results.

8:15pm  ~  I was back home after lunch, and got on with a my mountain of emails, then sat down with my laptop here in the kitchen to trade my “Evening” system. As well as having the “Evening” strategy chart open, I also had just one “trendFX” chart up as well, also on the S&P500 as I can quite often spot an extra trade during the evening, so potentially doubling my trading earnings. I ended up having one trade on each strategy, the first one gave me +56 pips (trendFX trade) and the second one, which I’ve just closed off brought me a break-even trade (“Evening” system trade). Very happy with that score for my day’s trading.

Daily target Reached Today ?  YES  (+56 pips)     I traded the evening session today