Hi gagan,
Yup - at the moment - things are going well (but I'm going to post another post after this one detailing where we are at the moment). Don't get me wrong - I am only using Parabolic SAR on my two forex accounts - I usually use all the stuff by Bill Williams for Indices and Commodities trading - but I had a couple of $$$ lying around in two (forex only) accounts that I had pretty much given up on / lost interest in but I must say - now - this is working great (at least it has for the past three days or so now anyway - but I have a couple of thoughts that I will post after this post).
As far as 'why' I decided to do this: Well - I have been self employed for just over fifteen years now - Computerised Fleet Management Systems, Computer Support, Software Design, etc. etc. Frankly - I just got tired of it - and - my main gripe with running that business - is that I just got sick and tired of having to beg and plead and bargain JUST to get paid what was due to us for work already done. You know - I'm the kind of guy - if you do something for me - or I buy something from you - and I get what's promised - I pay - no questions. It would seem that I am a 'dying breed' as it were. I suppose I also got tired of travelling etc. etc. and I sort of 'dabbled' with demo account trading last year and the year before that (actually made a fortune of the demo accounts - and there's a lesson: don't for one minute think that demo trading and live trading are the same thing. They're not I can assure you and I have the overdraft to prove it) (Now don't you all start sharpening your arrows - it's just my opinion)!!!
Anyway - aside from the stress and the losses - at least one thing is for sure: if you've made a profit - you call the broker - ask for your money - and that's it - no questions asked.
Now that I am only trading the longer timeframes and not trying to get rich quick - I'm starting to turn a consistent profit (hell - I might even be able to pay ALL of my bills at the end of next month - I hope my creditors are reading this) - and I have time to do other things in the day (although if the truth be told I 'find' things to do to keep me away from my open positions. Friday is a good day for me because I can 'justify' watching the trades the whole day because it is the end of the week and I want to know how I've done)!!!
Anyway - hope this helps - and thank you for the good wishes.
Regards,
Dale.
Last edited by dpaterso; 07-30-2007 at 07:01 AM.
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