Trading Diary ~ Monday 12th August 2013

07:05am (CET) ~ I’m on my third full day out here in Majorca staying with a trader friend (Tim) at his place in Peurto Pollensa in the north-east of the island. There are also three other traders here, so a plan we hatched last night after rather a lot of wine is to have a joint trading session this morning before lunch – and then we’re off out sea-fishing this afternoon on Tim’s boat  (The wives/girlfriends are off to Palma on a shopping expedition) We all have different trading styles and strategies so the results will be quite interesting.

08:30am (CET)  ~ Well, we’re an an hour and half into our (noisy) trading session and my self and Tim are in a trade each with the others yet to open a position. I’m in an S&P500 short which is coming down nicely as I write this, and I can also see two more possible trades on my Brent Oil and EUR/USD charts.

12:30pm (CET)  ~  Our morning trading session has finished with all of us having at least one trade and I ended with the most (three positions) with Tim and Pierre with two.  My S&P500 trade came in at +86 pips and I also got in trades with Brent Oil and the EUR/USD currency pair as well (+30 and +33 pips respectively)

20:15pm (CET)  ~  Just got back from our fishing trip – and after a quick shower we’ll be off to the best restaurant on the island – “Stay” which is right on the beach in town, a 10 minute walk from here.

Daily Target Reached ?  YES  (+149 pips)     I traded the morning session from 7am.

Trading Diary ~ Friday 9th August 2013

07:20am  ~  No trading for me this morning, we are off to London for a quick bit of holiday shopping before flying out later this evening  - should be back after lunch.

13:50pm  ~  Back home and I’ve got a few Skype calls in the next hour, so I’ll switch on my MT4 charts as well and see what comes up on my favourite markets. As you may know, I generally just watch the S&P500, Gold, Brent Oil and sometimes the EUR/USD currency pair.

15:25pm  ~  Time to get going to Stansted for our journey over to Palma Majorca – and news of just one trade I managed this afternoon. It was an “Any-Time” UTB strategy ‘long’ position on my S&P500 chart and I ended up with +47 pips after being in the market for just under an hour.

My total trade profits for the week have come out at +372 pips and +551 pips so far for August.

Daily Target Reached ?  YES  (+47 pips)    I traded for just over an hour this afternoon.

Do You Currently Trade The Markets But Are Finding Success Hard To Achieve ?

 

Do You Have One Good Day Followed By 3 or 4 Days Where You Just Keep Entering Losing Trades ?

 

Are You Finding It Tricky To Get Any Consistency In Your Trading ?

 

Have You Tried Loads Of Systems But Just Keep Trying “One More” ?

 

If this is you, you’re probably fed-up with this boom and bust type of trading. All you probably want is to be able to have a few trades per day that lets you come out ahead at the end of the day.

Because you’ve not yet achieved consistent success, you keep swapping from one system to another in the hope that eventually you’ll find that one ‘holy-grail’ type of trading strategy that will eventually give you what you’ve been striving for.

I have some good news because I can help you. I know exactly what you’re going through because I suffered the same up and down emotions in the 1980’s when I first started to learn to trade.

But I am proof that trading successfully is possible – believe me, if I can do it absolutely anyone can. I’ve not been to university and was a very average student at school. What I do have is the tenacity to choose a goal and then follow it through to the end. And my experience in learning to trade can help you achieve your goals.

I did eventually teach myself to trade, but it was not a short process. I had to find everything out for myself so it took about four years before I had mastered all the skills I would need to be able to enter (and exit) trades successfully. And what was surprising was the fact that there were many more skills I had to learn than I originally thought.

Just having a profitable trading system is a very small part of the equation, there are other skills you’ll need to get to grips with as well. But I can show you those as well as giving you more than a dozen profitable trading strategies that you can use for the rest of your trading career.

But you will not have to jump in at the deep end, I will first show you one simple, easy-to-copy trading strategy that will get you going in the markets. Learning this “beginners” strategy will not only make you a consistently profitable trader but it will also give you confidence in the market so enabling you to start advancing and learning new strategies that will help you eventually become a full-time trader (if that’s your goal)

You can see what kind of success this “beginners” strategy will give you by visiting the ‘results’ page HERE

So If you’re ready to say goodbye to the up and down emotions of your present trading situation, email me and let’s have a chat about how I can help you achieve all your trading goals.

Or get started straight away and download my “beginners” trading system now and be up and running later today. You can download my “Trade With A Day Job” at a very special price for a limited time HERE

Trading Diary ~ Thursday 8th August 2013

08:50am  ~  I have quite a lazy day today, there are some old friends visiting this morning and later on this afternoon I’m taking my youngest son Go-Karting as a birthday treat. Before that I have three Skype calls with budding traders in the next hour.

The day here has started off very sunny so it’s far too nice to sit inside today watching charts and listening to Bloomberg.

18:05pm  ~  We’ve just got back from Go-Karting so I am going to sit down for a few hours and see if I can see any trade set-ups on my “evening” system (and any of the other strategies of mine I use)

19:15pm  ~  It’s turned out to be a busy evening on the markets, at this moment in time I am currently in a Gold trade (long) and also a “Trade With A Day Job” position on the S&P500. There is also a possible trade coming up on the Brent Oil chart (Any-Time UTB stratgy)

20:55pm  ~  I am now out of all my trades, my Gold trade came out at +28 pips, the S&P500 position  was a break-even situation and I did end up having a trade on Brent Oil as well (+44 pips) My score for the month so far is +504 pips.

Daily Target Reached ?  YES  (+72 pips)      I just traded the evening session

Trading Diary ~ Wednesday 7th August 2013

09:45am  ~  I’ve got a few hours here in the study doing emails and a couple of Skype calls and then I am back down to Chelmsford for a few days before travelling over to Majorca for a short holiday with some trader friends on Friday.

13:10pm   ~  I’m back in Chelmsford now, and the meeting I had planned has just been cancelled so I am going to switch on my charts after lunch and see what trades come along.

14:45pm  ~  I have got myself into a ‘short’ trade on the S&P500 using my trendFX “extra” strategy and at the moment it’s back up around break even after showing a 30 pip profit a few minutes ago. I will report back later and let you know how it ended up.

20:20pm  ~  My earlier trade on the S&P500 ended up with a 62 pip profit and I have also just come out of a ‘long’ trade on the same chart using my “evening” system – that gave me +20 pips.

Daily Target Reached ?  YES  (+82 pips)   I traded this afternoon + the evening session.

Trading Diary ~ Tuesday 6th August 2013

09:05am  ~  I’ve a busy morning here, a load of meetings with various builders/tradesmen and also four Skype calls. After lunch I’m going to sit down and carry on with emails and also watch a few charts. The builders are in for a few days banging and crashing around so my slight hangover from last night’s late night at the Lord Nelson is not going to get better quickly

13:30pm  ~  I’ve just sat down here in the study to get on with some emails and also watch my MT4 platform for possible trade set-ups with my “Any-Time & “trendFX” systems. I’m also going to stay around into the evening and trade the “Trade With A Day Job” strategy as well, that kicks off at 5pm and goes onto the end of the U.S. trading session.

19:15pm  ~  I’ve had an eventful session of trading – kicking off with a ‘short’ trade on my S&P500 chart just after 2pm with a trade from my “Any-Time” collection of strategies. That resulted in a profit of +81 pips and shortly after that was closed off I then got into a “Trade With A Day Job” position on the same chart.  That trade came out at +25 pips when it ended a short while ago – and I have also completed some trials this afternoon regarding my new S&P trading system that’s due out in a few months time.  I am now reluctantly going to a neighbour’s house for some supper.

My trading balance for August so far is standing at +350 pips.

Daily Target Reached ?  YES (+106 pips)    I traded this afternoon and early evening

Trading Diary ~ Monday 5th August 2013

09:20am  ~  I’ve not much planned this morning apart from tackling the mountain of emails that came in while I was away on holiday – although I do have an invite to a clay-pigeon shoot later just after lunch. While I’m here in the study I shall keep one eye out for any trade opportunities on my MT4 chart platform, once the markets settle down into the new week their should something to get my teeth into.  I will report back later if I have any news of new trading positions.

10:05am  ~  I did get into a ‘short’ position on my GOLD chart a while ago and at the moment I am minus 8 pips at this early stage of the trade.

13:55pm  ~   I am off out in a moment for the rest of the day & evening so I closed off my GOLD position a short while ago  - –   I managed +71 pips but there are a few clues to say there maybe a continuation of the downward price movement  (email me for full details there is not enough space here to explain everything)

Daily Target Reached ?   YES  (+71 pips)       I traded the UK morning session today

Trading Diary ~ Friday 2nd August 2013

09:15am  ~  I’ve just had a bracing cycle ride up the beach and coastal path, and I’m now going to sit down here in the study and carry on working through the mountain of emails that came in while I was away on holiday. I have also got four Skype calls this morning with prospective students wanting to know a bit more about my trading systems.

As it’s Non Farm Payrolls Day in the U.S. today, I shall not be doing any trading as the markets are traditionally quiet this morning and then after the announcement of the employment figures at 13:30pm (UK time) they usually shoot off in various directions so making trading difficult.

Can You Compare Learning To Trade With Buying A Franchise ?

 

Many people dream of having their own business, and one of the least stressful and quickest ways of doing this is by investing in a franchise.

Doing this means you are able to start on your own quickly but with the help of someone who’s already done it once before (the franchisor), so you’ll be shown all the pitfalls and problems from day one and hopeful this mean that your path to a profitable business will be more smooth than if you were starting from scratch with just an idea and a large amount of borrowed money.

Learning to trade with a mentor is quite similar. The mentor has done it all before so knows exactly what the pitfalls are and more importantly has a blueprint of exactly how to go about trading profitably. And trading from home is exactly the same as having your own business except you’ve now staff or premises to worry about. In short, the overheads are almost nil.

So how much does it all cost ? Well, to buy a franchise can cost anywhere from a few thousand pounds upto £millions. If you want to open a pet-grooming business or a children’s yoga school, your investment can be as little as £1500, but I must add that your earnings are going to be limited unless you buy a lot of franchises in different areas and employ people to run them for you.

On the other end of the scale, you could have a Mercedes franchised dealership (if you can find a open area) for around £1.5 million and a MacDonalds franchise in a busy area is well over a £1million, I know as a friend of mine has three in this area alone.  Hours are long, but profits are good if you get everything right. Basically the more you spend on the franchise, the more money you should earn, it’s as simple as that.

Also with a franchise you’ll have to pay a percentage of your monthly turnover to the franchisor as a licencing fee, further eroding your profits.

Now let’s look at trading as a business opportunity. Firstly there is NO large franchise fee, all it will cost you is the price of my ‘beginners’ trading system manual (just £88) and you have NO further fees to pay me, that’s it forever. And the charting package I will recommend you use is completely FREE forever, so your monthly costs are just an internet connection and most people have that anyway. And after a month or so of practicing you’ll need to open a live trading account – and I will show you where you can do this for just £100.

So that’s all the investment you’ll ever need – £188.  No more.  Ever. Quite a difference from even the cheapest franchise available today. If you are looking for other smart investment options, we recommend to visit jamesdooley.com and learn from a true expert.

Plus your earnings are NOT limited either, the skies the limit. The only cap on your profits is your own imagination.

And trading is a home-based business, you just need a quiet corner somewhere in the house to sit with your laptop or tablet. No fancy premises and NO staff, just you in command of your future. And if you’re in the UK you’ll not pay any tax either.

So, is it going to be a franchise or just trading from home ?

Speak with me face-to-face via Skype to learn more.  JUST VISIT THIS PAGE  to organise a chat whenever it suits you.

 

 

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Trading Diary ~ Thursday 1st August 2013

07:45 am  ~ I had a lovely cycle northwards along the beach earlier, and I’m now back in the kitchen to have some breakfast and also fire up my MT4 trading platform to watch some charts this morning while answering the pile of emails that have gathered while I have been away on holiday. I will report back later with any trade details.

09:35 am  ~  So far I’m in the market with just one position, a ‘long’ trade on my Brent Oil chart and so far I am 10 pips ahead.

13:10 pm  ~  Time for lunch – and we’re off to the Swan Hotel, and then a walk along the very busy promenade (due to the tourists who’ve flocked up here today)  My trade with Brent Oil turned out ok, I came out of the market a short while ago with a profit of +145 pips.

17:30 pm  ~ We’ve just got back home, so I’m going to fire up my S&P500 chart to see if there are any trade opportunities with my “Evening” beginner’s system. We have also got some friends coming around for a barbeque so I will not be watching the chart too closely – I’ll just pop indoors every 15 minutes or so.

19:45 pm  ~  I have just come out of my only trade of the evening – it was a ‘long’ position which kicked off just after 6pm and gave me +28 pips.

Daily Target Reached ?  YES (+173 pips)       I traded the UK morning session today + a few hours this evening.