Hello Bob, hello everyone!
The contest only started on Friday, and Monday was the US holiday, but I was very busy on the account
and first managed to trade myself down to about $43000 but yesterday I made a few good trades and
now my balance is back above $49000 (and my equity is nearby)…
I am trading from my 'phone using the MetaTrader 4 app, which I find quite good, even the charts;
the first day the markets were a bit choppy and I was treading water: yesterday I really started making
progress, especially on Yen pairs (to the short side) and on metals (Silver and Gold to the upside).
I trade 1 lot positions manually and cut losers around $500 and close winners beyond $500 (unless I
am going to bed, so for example last night I closed some positions with about $300 profit, as i did
not want to leave them open overnight).
This is working fairly well… What I like about this trading station is that it lets you buy and sell the same
pairs, so that if you are not sure of direction you can open opposing trades and then close the losing one:
it worked when I was testing Gold, as it came to a top/resistance and it looked like it was reversing.
So, to summarise: I made no profit on the original amount, but this being the third full day (as Monday
was a quiet day) I am hoping to start making some gains now.
How are you people getting on?