Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Hi big goal right? I'm looking to start a journal that shows my trades before the market opens so you can follow if you like. I have been simulating trades for the past year with my own formulated strategy which has proved very successful! I turned £10,000 into just over £300,000 in 12 months! Yes i was using an aggressive money management system where I would double up every time my capital did however the strategy I am using has worked out to be very profitable and consistent. My goal now is to use my own £1,000 and take the plunge! its sink or swim time! I can afford to lose £1k so if this doesn’t work then so be it it's worth a shot Strategy: I will place my trades on here just after the market close for the Dow Jones for next days trading at the opening bell for the Dow Jones the next day at 14.30pm GMT Example of trade notification.Signal: BUY closed price 12400/stop loss 12333/limit 12500 Potential Profit: 100 points Buy= trade direction Closed price = what price did the Dow close so we know ball park figure for opening at 14.30 GMT Stop loss = what level to set stop loss Limit = what price to set limit to take profits Rules: I will start with £1k and use a £1 per point allocation until I turn it into £2k then I will trade £2 per point. Once I double my account size again to £4k I will use £4 per point increasing as my account does. I have little room for error however this system works well. All trades must be closed at the closing bell at 21.00pm (GMT) if they have not been triggered by the stop loss or limit level. If the opening price is above or below the stop loss or limit price I will not trade until it falls to previous levels close price. Your welcome to enjoy the ride with me