Hi all,
I thought the last few posts on this link have been interesting because 4 me it seems some MTP traders are allowing their heads to get in the way.
I have posted results in the past but unfortunately the result of that was that I was bombared by questions (mostly I noted from people who hadn't event paid for the software) - so please note I do not propose to get into detailed PM's etc but I do hope that this might help those who have been struggling a bit lately.
The story is in the attachment - Jan - Sept 2007. This is not rocket science its just a matter of sitting there, taking the MTP trade setups, using a minimal amount of common sense, sticking to your rules and NOT allowing a loser to run for more than 1R
The results speak for themselves - please note I only win 42% of my trades, the other 58% lose! - but despite that, look what happens if you do it as set out in para three above.
Keep its simple, and if you don't believe this (I care not either way) do the Van Tharp marble game a couple of hundred times and I promise you will become a believer.
End of broadcast ......... good luck all
Chris
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