JonnyFX: I understand it doesn’t look good. I determine my profit % based on the close of my account balance at the previous month’s end. So if my balance closed at $3000 in May, and my balance for the end of June is $3300, then my profit is 10%. I had large losses when I started because, like most new traders, I underestimated the emotional part of trading, and didn’t have a very well planned money management strategy. Then after march, with a more professional grasp on the emotional part, and my improved money management strategy, I started to put a better cap on my losses and my monthly gains have been positive since. The average for April, May, June has been +15.4%, so I feel fully able to contend with abner, who so decided to single my trading record out (while simultaneously not offering any advice to the trader who actually started the thread) as a reason to ignore my advice, which I offered with good will on my own free time.
I found that, so I take it back, it took him 18 months, not 3 years. By the way, 10% compounded every month is an annualized return of 313.8%. You know the secret behind this magic?
I’m so glad that the secret behind tripling my money every year is a combination of delayed indicators of price action. That’s just what every new trader needs to hear :rolleyes:
And even if abner is an amazing super trader, he is still very rude on this forum (look at his posts), so I’m not going to feel any guilt about singling him out when he’s rude to the wrong guy.